Homework Answers
| ques 1 | |||||||
| d. selling price | |||||||
| because the selling price will increase the contribution margin will increase | |||||||
| Breakeven point = Fixed cost / brekeven cost p.u | |||||||
| so your denominator increase so the breakeven comes down/decreases | |||||||
| ques 2 | |||||||
| d.$6 per unit | |||||||
| 16,000 | |||||||
| Sales | $ 256,000.00 | $ 16.00 | |||||
| Variable expense | $ 160,000.00 | $ 10.00 | |||||
| Contribution margin | $ 96,000.00 | $ 6.00 | |||||
| ques 3 | |||||||
| b. unfavourable | |||||||
| because if efficiency variance is unfavourable means that | |||||||
| that actual hours are more than the standard hours for actual quantity | |||||||
| hence efficiency variance will be unfavourable | |||||||
| ques 4 | |||||||
| d. | $4.20 | ||||||
| Materials price
variance = AQ × (AP - SP) $7,000 U = 35,000 pounds × (AP - $4 per pound) $7,000 = 35,000 pounds × (AP - $4 per pound) AP - $4 per pound = $7,000 ÷ 35,000 pounds AP - $4 per pound = $0.20 per pound AP = $4 per pound + $0.20 per pound AP = $4.20 per pound |
|||||||
| ques 5 | |||||||
| d.the standard rate exceeds the actual rate | |||||||
| because the actual costs will be less than budgeted costs hence favourable | |||||||
| ques 6 | |||||||
| d.$3.40 | |||||||
| price variance = $1370 F | |||||||
| 1370 = (AQ*SP)-(AQ*AP) | |||||||
| 1370= (6850 *SP)-21920 | |||||||
| 23290/6850 K.GS = 3.40 | |||||||
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($6.00 per pound)
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Quantity, 2 hours per unit
Quantity, 5 pounds per unit
Rate, $14.50 per hour
Price, $5.80 per pound
Required:
Fill in...
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During June, Danby Company’s material purchases amounted to
15,190 pounds at a price of $6.00 per pound. Actual costs incurred
in the production of 2,450 units were as follows:
Direct labor:
$
78,144
($14.80 per hour)
Direct material:
$
75,180
($6.00 per pound)
The standards for one unit of Danby Company’s product are as
follows:
Direct Labor:
Direct Material:
Quantity, 2 hours per unit
Quantity, 5 pounds per unit
Rate, $14.50 per hour
Price, $5.80 per pound
Required:
Fill in...
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Check my work Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Direct Materials Direct Labor Standard Actual Standard Actual $7 $17 $6 6 lbs 15 $14 4 lbs 2 2.5 hrs 2 hrs Pounds Per Price Per Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Pound Unit Hour Unit Hour Overhead...
Use the following information to answer questions 5 through 8: Actual results Budget data 20,000 units produced and sold 19,000 units planned $1,806,700 $90 Direct materials: 62,300 units of input purchased and used @ $29 per input unit - 2.575 Direct labor: 51,500 hours used per output unit @ $21.50 per hour Direct materials: 3 units of input allowed per output unit @ $30 per input unit 47,500 Direct labor: 2.5 hours of input allowed per output unit @ $20...
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