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multiplying the budgeted price per input by the budgeted number of inputs for one unit of output
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The input standard cost per completed unit may be calculated by multiplying the budgeted number of...
The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by...
The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit.
When calculating the selling and administrative budgeted expense, this is calculated by multiplying the budgeted unit...
When calculating the selling and administrative budgeted expense, this is calculated by multiplying the budgeted unit sales by the selling and administrative expense per unit. True False
Powers of numbers can be calculated by multiplying the number by itself for as many times...
Powers of numbers can be calculated by multiplying the number by itself for as many times as the value of the exponent. For example, 2 raised to the power 4 can be calculated by multiplying 2 by itself 4 times to get 16. Write a program that: 1. inputs a double as the base number and an int as the exponent; 2. multiplies the base number by itself using a loop that repeats for the number of times in the...
1 Gross ratings points (GRPs) can be calculated by A. adding reach and frequency and dividing by cost per thousand (CPM). B. multiplying cost per thousand (CPM) times average frequency. C. di...
1 Gross ratings points (GRPs) can be calculated by A. adding reach and frequency and dividing by cost per thousand (CPM). B. multiplying cost per thousand (CPM) times average frequency. C. dividing average frequency by costs. D. multiplying reach times frequency of exposure. E. dividing reach times frequency by costs.
The standard quantity per unit defines the ________. price that should be paid for each unit of direct materials. to...
The standard quantity per unit defines the ________. price that should be paid for each unit of direct materials. total cost of direct materials that should be used for each unit of finished product. amount of direct materials that should be used for each unit of finished product including an allowance for normal inefficiencies, such as scrap and spoilage. amount of direct labor-hours that should be used to produce one unit of finished goods. A flexible budget performance report for...
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October....
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity * Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/lb. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12 /hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. * $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50...
Input Cost per Output Unit Direct materials 2 lbs. at $6 per lb. $12.00 Direct manufacturing...
Input
Cost per Output Unit
Direct materials
2 lbs. at $6 per lb.
$12.00
Direct manufacturing labor
7 hrs. at $18 per hr.
126.00
Manufacturing overhead:
Variable
$7 per DLH
49.00
Fixed
$9 per DLH
63.00
Standard manufacturing cost per output unit
$250.00
The denominator level for total manufacturing overhead per month
in 2014 is 38,000 direct manufacturing labor-hours.
Barrett's flexible budget for January 2014 was based on this
denominator level. The records for January indicated the
following:
Direct materials...
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October....
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/b. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12/hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. x $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50 per...
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October....
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/lb. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12/hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. x $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50 per...
2. The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Sta...
2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity * Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/lb. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12 /hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. * $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50...
Input
Cost per Output Unit
Direct materials
2 lbs. at $6 per lb.
$12.00
Direct manufacturing labor
7 hrs. at $18 per hr.
126.00
Manufacturing overhead:
Variable
$7 per DLH
49.00
Fixed
$9 per DLH
63.00
Standard manufacturing cost per output unit
$250.00
The denominator level for total manufacturing overhead per month
in 2014 is 38,000 direct manufacturing labor-hours.
Barrett's flexible budget for January 2014 was based on this
denominator level. The records for January indicated the
following:
Direct materials...
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/b. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12/hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. x $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50 per...
Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/lb. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12/hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. x $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50 per...
2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
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