Question

ags You want your selling price point to be $20 per flag. You contact Tommy Tee's and they will give you a deai you mst commit to purchase 1,000 flags and they will give them to you at a total of $$,000. 19. Your organization is plarning a fund raiser and they want to raise $1Q,000. You decide to sell LaTech Logo a. How many flags do you have to sell before you start raising money toward your goal? b. How many flags do you have to sell to reach your goal? 20. Super Corporation has a standard costing system. What is the actual price per pound purchased based on following data: Actual quentity of direct materials tandard price of direct materials Material price variance Material quantity 24,000 pound 6.00 per pound 6,000 Unfavorable Favorable purchased variance 21. Viger Corporation has a standard cost system in which it applies manufacturing overhcad to products on the basis of standard machine-hours (MHs). What was the variable overhead rate variance for the month given the following information Budgeted Level of Activity (MH's Actual Level of Activity(Mers Standard Var, Mitg OH Rate (per MH) 6.30 Actual Total Var. itg Costs s 60,390

Answer 1

Answer 19

Cost = $5,000

a. BEP Sales =$5,000 / $20 = 250 flags

Target =$ 10,000

b.  Required Sales in units =$10,000 / $20 = 500 flags

Answer 20

Standard Actuals Answer 20 Direct Material Standard Quantity (SQ Standard Price per sq ft (SP AMC AQ 24,000 6.00 AR Direct Material Materials price variance-(SP-AP) AQ (SP-AP) AQ ($6-AP) 24,000 $6-AP)E -6,000 Unfavorable -6,000 -6,000 -0.25 6.25 Answer 21 SR AH AR Variable OH rate Variances(SR-AR)"AH 6.30 Given 9900 Given 6.10 (60390/9900 1,980 Favourable