Homework Answers
| Option B is the answer | |
| When standard costs differ from the actual costs for the preceeding week, it may be due to various reasons but doesn't call for the revision in the standard costs |
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Question 40 1 pts Which of the following conditions normally would not indicate that standard costs...
Question 40 1 pts Which of the following conditions normally would not indicate that standard costs...
Question 40 1 pts Which of the following conditions normally would not indicate that standard costs should be revised? The company has signed a new union contract that increases the factory wages on average by $3.50 an hour. Actual costs differed from standard costs for the preceding week. The average price of raw materials increased from $4.68 per pound to $4.82 per pound. The engineering department has revised product specifications in responding to customer suggestions
Which of the following conditions normally would not indicate that standard costs should be revised? Oa....
Which of the following conditions normally would not indicate that standard costs should be revised? Oa. Actual costs differed from standard costs for the preceding week. ob. The average price of raw materials increased from $4.68 per pound to $4.82 per pound. OC. The engineering department has revised product specifications in responding to customer suggestions. od. The company has signed a new union contract that increases the factory wages on average by $3.50 an hour.
D Question 37 1 pts Hen has a single production process, for which the following costs...
D Question 37 1 pts Hen has a single production process, for which the following costs have been estimated for the period ending 31st December Year 7 GHC Material receipt and inspection costs 31.200 Power Costs 39,000 Material Handling costs 27,300 Hen makes three products-X, Y and Z. These products are made by the same group of employees, using power drills. The employees are paid GHC 8 per hour. The following budgeted information has been obtained for the period ending...
Solve question 1 of P10-9 Standard Costs and Variances Santiago was shocked to see the loss...
Solve question 1 of P10-9
Standard Costs and Variances Santiago was shocked to see the loss for the month particularly because sales were exactly eted. He stated, "I sure hope the plant has a standard cost system in oration. If it doesn't have the slightest idea of where to start looking for the problem." he plant does use a standard cost system, with the following standard variable cost per impot T Standard Quantity or Hours Standard Price or Rate Standard...
Answer question 2 using the table from question 1. [The following information applies to the questions...
Answer question 2 using the table from question 1.
[The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $516 each. Costs 1. Plastic for casing-$19,000 2. Wages of assembly workers--$90,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$33,000 5. Drum stands (1.000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36.000 7. Upper management salaries-$170,000 8....
1.Which of the following statements is CORRECT? A. Prime costs are those costs that are expensed...
1.Which of the following statements is CORRECT? A. Prime costs are those costs that are expensed in the accounting period in which they are incurred. B. Conversion costs include the costs of raw material, direct labour, and manufacturing overhead. C. The costs incurred in relation to both overtime premiums and idle time are classified as manufacturing overhead. D. The cost of factory lighting would be classified as a period cost. Which of the following costs would NOT be classified as...
Question 40 1 pts Which of the following conditions normally would not indicate that standard costs should be revised? The company has signed a new union contract that increases the factory wages on average by $3.50 an hour. Actual costs differed from standard costs for the preceding week. The average price of raw materials increased from $4.68 per pound to $4.82 per pound. The engineering department has revised product specifications in responding to customer suggestions
Which of the following conditions normally would not indicate that standard costs should be revised? Oa. Actual costs differed from standard costs for the preceding week. ob. The average price of raw materials increased from $4.68 per pound to $4.82 per pound. OC. The engineering department has revised product specifications in responding to customer suggestions. od. The company has signed a new union contract that increases the factory wages on average by $3.50 an hour.
D Question 37 1 pts Hen has a single production process, for which the following costs have been estimated for the period ending 31st December Year 7 GHC Material receipt and inspection costs 31.200 Power Costs 39,000 Material Handling costs 27,300 Hen makes three products-X, Y and Z. These products are made by the same group of employees, using power drills. The employees are paid GHC 8 per hour. The following budgeted information has been obtained for the period ending...
Solve question 1 of P10-9
Standard Costs and Variances Santiago was shocked to see the loss for the month particularly because sales were exactly eted. He stated, "I sure hope the plant has a standard cost system in oration. If it doesn't have the slightest idea of where to start looking for the problem." he plant does use a standard cost system, with the following standard variable cost per impot T Standard Quantity or Hours Standard Price or Rate Standard...
Answer question 2 using the table from question 1.
[The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $516 each. Costs 1. Plastic for casing-$19,000 2. Wages of assembly workers--$90,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$33,000 5. Drum stands (1.000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36.000 7. Upper management salaries-$170,000 8....
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