Homework Answers
Table
| Type of materials | Quantity purchased | Actual price | Standard price | Price variance | Explanation |
| Rogue 11 | 4920/.20 = 24600 | 5.15 | 4.95 | 4920 Unfavorable | Price increase |
| Storm 17 | 6700 | (6700*3.27+1206/6700) = 3.45 | 3.27 | 1206 unfavorable | Rush order |
| Beast29 | 21400 Units | 0.35 | 0.40 | 1070 Favorable | Bought larger quantity |
Add Answer to:
Exercise 23-15 Your answer is partially correct. Try again. Urban Corporation prepared the following variance report....
Exercise 23-15 Urban Corporation prepared the following variance report. Fill in the missing amounts or letters...
Exercise 23-15
Urban Corporation prepared the following variance report.
Fill in the missing amounts or letters in the report.
(Round actual and standard price answers to 2 decimal
places, e.g. 2.75.)
URBAN CORPORATION
Variance Report—Purchasing Department
For Week Ended January 9, 2017
Type of
Materials
Quantity
Purchased
Actual
Price
Standard
Price
Price
Variance
Explanation
Rogue11
lbs.
$5.15
$5.05
$2,870
Neither favorable nor unfavorableUnfavorableFavorable
Price increase
Storm17
7,000
oz.
$
$3.22
$910
Unfavorable
Rush order
Beast29
21,700
units
$0.35
$
$434...
CALCULATOR PRINTER VERSION BACKENDE Exercise 23-15 Urban Corporation prepared the following variance report. Fill in the...
CALCULATOR PRINTER VERSION BACKENDE Exercise 23-15 Urban Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimales URBAN CORPORATION Variance Report-Purchasing Department For Week Ended January 9, 2017 Quantity Actual Standard Price Materials . 2.75.) Rogue11 Explanation $5.20 $4.95 16,700 Storm17 7,800 O S $3.22 $1,404 Unfavorable Beast29 22,100 units $884 Favorable Bought larger quantity Click If you would like to Show Work for this...
Exercise 223 Fill in the appropriate amounts in the following Adam Corporation variance report. Exercise 223 Fill in the appropriate amounts in the following Adam Corporation variance report. (Round...
Exercise 223
Fill in the appropriate amounts in the following Adam
Corporation variance report.
Exercise 223 Fill in the appropriate amounts in the following Adam Corporation variance report. (Round actual and standard price to 2 decimal places, e.g. 52.75.) ADAM CORPORATION for Week Ended January 9, 2016 Type of Materials Actual Price Standard Price Quantity Purchased Price Variance Explanation $5.00 $6,000 Brown $5.25 Price increase Rush order Bought larger quantity lbs. 8,000 oz. 22,000 units 1,600 Unfavorable Green 3.25 White...
Exercise 23-8 Your answer is partially correct. Try again. The following direct materials and direct labor...
Exercise 23-8 Your answer is partially correct. Try again. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 per hour $220 per ton $12.50 per hour $224 per ton Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,200 hours 1,600 tons 4,280...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based...
Brief Exercise 23-07 Your answer is partially correct. Try again. Torres Company accumulates the following summary...
Brief Exercise 23-07 Your answer is partially correct. Try again. Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales-$1,924,900 budget, $2,263,100 actual; variable costs-$1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302.600 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Difference...
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company...
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May 2020, 10,200 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 16,500 direct labor hours. All materials purchased were used. Cost Element Direct materials Direct labor Overhead Standard (per unit) 10 yards at $4.90 per yard 1.10 hours...
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per...
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per unit of output is $18.00 (1.80 hours x $10.00 per hour). During August, the company incurs 1,710 hours of direct labor at an hourly cost of $9.50 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Favorable Labor price variance Favorable Labor quantity variance Favorable...
CALCULATOR FULL SCREEN PRINTER VERSION BACK rief Exercise 10-2 Your answer is partially correct. Try again....
CALCULATOR FULL SCREEN PRINTER VERSION BACK rief Exercise 10-2 Your answer is partially correct. Try again. For the quarter ended March 31, 2020, Croix Company accumulates the following sales data for its newest guitar, The Edge: $320,400 budget; $301,400 actual. In the second quarter, budgeted sales were $384,200, and actual sales were $391,300. Prepare a static budget report for the second quarter and for the year to date. CROIX COMPANY Sales Budget Report For the Quarter Ended June 30, 2020...
Exercise 11-7 Your answer is partially correct. Try again. Ceradyne uses a standard costing system. For production of a...
Exercise 11-7 Your answer is partially correct. Try again. Ceradyne uses a standard costing system. For production of a fuel cell, standards call for 4 model RN-3 valves per cell costing $2,380 each. During 2018, the company purchased 220 valves for $466,400. The company used 228 valves in the production of 55 fuel cells (8 valves were ruined through installation error. Calculate material price and quantity variances for the model RN-3 valves. (Enter all variances as a positive number.) Material...
Exercise 23-15
Urban Corporation prepared the following variance report.
Fill in the missing amounts or letters in the report.
(Round actual and standard price answers to 2 decimal
places, e.g. 2.75.)
URBAN CORPORATION
Variance Report—Purchasing Department
For Week Ended January 9, 2017
Type of
Materials
Quantity
Purchased
Actual
Price
Standard
Price
Price
Variance
Explanation
Rogue11
lbs.
$5.15
$5.05
$2,870
Neither favorable nor unfavorableUnfavorableFavorable
Price increase
Storm17
7,000
oz.
$
$3.22
$910
Unfavorable
Rush order
Beast29
21,700
units
$0.35
$
$434...
CALCULATOR PRINTER VERSION BACKENDE Exercise 23-15 Urban Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimales URBAN CORPORATION Variance Report-Purchasing Department For Week Ended January 9, 2017 Quantity Actual Standard Price Materials . 2.75.) Rogue11 Explanation $5.20 $4.95 16,700 Storm17 7,800 O S $3.22 $1,404 Unfavorable Beast29 22,100 units $884 Favorable Bought larger quantity Click If you would like to Show Work for this...
Exercise 223
Fill in the appropriate amounts in the following Adam
Corporation variance report.
Exercise 223 Fill in the appropriate amounts in the following Adam Corporation variance report. (Round actual and standard price to 2 decimal places, e.g. 52.75.) ADAM CORPORATION for Week Ended January 9, 2016 Type of Materials Actual Price Standard Price Quantity Purchased Price Variance Explanation $5.00 $6,000 Brown $5.25 Price increase Rush order Bought larger quantity lbs. 8,000 oz. 22,000 units 1,600 Unfavorable Green 3.25 White...
Exercise 23-8 Your answer is partially correct. Try again. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 per hour $220 per ton $12.50 per hour $224 per ton Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,200 hours 1,600 tons 4,280...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based...
Brief Exercise 23-07 Your answer is partially correct. Try again. Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales-$1,924,900 budget, $2,263,100 actual; variable costs-$1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302.600 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Difference...
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May 2020, 10,200 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 16,500 direct labor hours. All materials purchased were used. Cost Element Direct materials Direct labor Overhead Standard (per unit) 10 yards at $4.90 per yard 1.10 hours...
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per unit of output is $18.00 (1.80 hours x $10.00 per hour). During August, the company incurs 1,710 hours of direct labor at an hourly cost of $9.50 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Favorable Labor price variance Favorable Labor quantity variance Favorable...
CALCULATOR FULL SCREEN PRINTER VERSION BACK rief Exercise 10-2 Your answer is partially correct. Try again. For the quarter ended March 31, 2020, Croix Company accumulates the following sales data for its newest guitar, The Edge: $320,400 budget; $301,400 actual. In the second quarter, budgeted sales were $384,200, and actual sales were $391,300. Prepare a static budget report for the second quarter and for the year to date. CROIX COMPANY Sales Budget Report For the Quarter Ended June 30, 2020...
Exercise 11-7 Your answer is partially correct. Try again. Ceradyne uses a standard costing system. For production of a fuel cell, standards call for 4 model RN-3 valves per cell costing $2,380 each. During 2018, the company purchased 220 valves for $466,400. The company used 228 valves in the production of 55 fuel cells (8 valves were ruined through installation error. Calculate material price and quantity variances for the model RN-3 valves. (Enter all variances as a positive number.) Material...
Most questions answered within 3 hours.
-
two charged proteins P1 and P2 are located at the positions
(1m,1m) and (-1m,1m) respectively on...
asked 43 seconds ago -
eBook
Calculator
Job Order Cost Sheet
Remnant Carpet Company sells and installs commercial carpeting
for office...
asked 5 minutes ago -
Using Kapustinskii equation, determine the lattice energy of a
hypothetical compound NaCl2 . Assume the sum...
asked 7 minutes ago -
Most schools and
businesses require some standard style of documentation for written
reports. Discuss why might...
asked 5 minutes ago -
cookbooks are going metric. in such books 1 cup is equal to 240
ml. Express 1...
asked 8 minutes ago -
________40. Which of the following is the correct sequence of
steps in the general
adaptation...
asked 16 minutes ago -
Hi, Please draw the network diagram.
Activity D on a CPM network has predecessors B and...
asked 18 minutes ago -
Explain how bacteria can be used in Food production
Explain the fermentation of Milk & Cheese...
asked 23 minutes ago -
A uniform, solid sphere of radius 4.50 cm and mass 4.50 kg
starts with a purely...
asked 39 minutes ago -
Consider the prisoners’ dilemma we discussed in class, with the
following twist. If both prisoners choose...
asked 22 minutes ago -
The length of a pencil is measured to be 10.00 cm with a ruler.
What is...
asked 34 minutes ago -
A 120 cm^3 box contains helium at a pressure of 1.80 atm and a
temperature of...
asked 39 minutes ago