Homework Answers
Answer:$280000
Flexible Budget amount = Actual units produced x budgeted costs
Flexible Budget amount = 2800 units x $100 = $280000
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An organization planned to use $100 of direct mapenals per unt of output, but e actuaity...
An organization planned to use $93 of direct materials per unit of output, but it actually...
An organization planned to use $93 of direct materials per unit of output, but it actually used $91 per unit. During this period, the company planned to make 2,410 units, but produced only 2,100 units. QUESTION: The flexible budget amount for direct materials cost is:
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
Breve than ot try to KEY TERMS TED on into food and are compon planned and...
Breve than ot try to KEY TERMS TED on into food and are compon planned and actual expenditures Test your recall of the assistance. If you need 1. Ain) BUDEL 2. Ain) convenis provides mor e 3. The usually involving at least five years. need as farms as follows. Try to recall as many key terms as possible without assistance, refer to the list of the terms at the end of this section is a plan of action expressed in...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
3200 7. Scorpion Production Company planned to use 1 yard of plastic per uinit made 3900 nits, althoute However, the plastic actually cost $80 per yard. The company actually mate 3.960. How m h...
3200
7. Scorpion Production Company planned to use 1 yard of plastic per uinit made 3900 nits, althoute However, the plastic actually cost $80 per yard. The company actually mate 3.960. How m had planned to make only 3,300 units. Total yards used for production total materials variance? A) $48,600 U B) $3,960 F 313,000 - (ASP $900 U 3900 x 8 31 5,9 30 C D) $4,860 U 313.009 319.ooo . - 34 7,3od ε 44. 100 38. Benson...
Materials and Labor Requirements Direct materials Wood Fiberglass Direct manufacturing labor 13 board feet (b.f.) per...
Materials and Labor Requirements Direct materials Wood Fiberglass Direct manufacturing labor 13 board feet (b.f.) per snowboard 11 yards per snowboard 7 hours per snowboard Skubas's CEO expects to sell 3,400 snowboards during January 2018 at an estimated retail price of $1,000 per board. Further, the CEO expects 2018 beginning inventory of 700 snowboards and would like to end January 2018 with 800 snowboards in stock. Direct Materials Inventories Ending Inventory 1/31/2018 Wood Beginning Inventory 1/1/2018 2,060 b.f. 1,060 yards...
Input Prices Direct materials Plastic Metal Direct manufacturing labor $ 6 per pound $ 5 per...
Input Prices Direct materials Plastic Metal Direct manufacturing labor $ 6 per pound $ 5 per pound $ 12 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic Metal Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 5 pounds 0.5 pounds 3 hours 12 MH 7 pounds 1 pound 5 hours 20 MH Inventory Information, Direct Materials Metal Beginning inventory Target ending inventory Cost of beginning inventory Plastic 220 pounds 400 pounds 924 70 pounds...
Standard Costing: Planned Variances As part of its cost control program, Tracer Company uses a standard...
Standard Costing: Planned Variances As part of its cost control program, Tracer Company uses a standard costing system for all manufactured items. The standard cost for each item is established at the beginning of the fiscal year, and the standards are not revised until the beginning of the next fiscal year. Changes in costs, caused during the year by changes in direct materials or direct labor inputs or by changes in the manufacturing process, are recognized as they occur by...
e Palermo Stary manufactures bust states of famous historical figures. All stats are the samese Each...
e Palermo Stary manufactures bust states of famous historical figures. All stats are the samese Each unt requires the same amount of resources. The following information is from the static budget for 2017: m (Click the loon to view the static budget data) Standard quantities, standard prices and standard unit cost follow for direct mananas and direct manufacturing labor Click the icon to view the data) Read the requirements Requirement 1. Calculate the sales volume variance and fexible-budget variance for...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
Breve than ot try to KEY TERMS TED on into food and are compon planned and actual expenditures Test your recall of the assistance. If you need 1. Ain) BUDEL 2. Ain) convenis provides mor e 3. The usually involving at least five years. need as farms as follows. Try to recall as many key terms as possible without assistance, refer to the list of the terms at the end of this section is a plan of action expressed in...
Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co paid $57.200 for 4,870 pounds, which were used to produce 2.470 units. What is the direct materials price variance? Multiple Choice O $10.900 favorable 0 O $11.540 favorable 0 $10.980 unfavorable O $11540 unfavorable Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28.100 for direct labor. $18,270 for variable...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
3200
7. Scorpion Production Company planned to use 1 yard of plastic per uinit made 3900 nits, althoute However, the plastic actually cost $80 per yard. The company actually mate 3.960. How m had planned to make only 3,300 units. Total yards used for production total materials variance? A) $48,600 U B) $3,960 F 313,000 - (ASP $900 U 3900 x 8 31 5,9 30 C D) $4,860 U 313.009 319.ooo . - 34 7,3od ε 44. 100 38. Benson...
Materials and Labor Requirements Direct materials Wood Fiberglass Direct manufacturing labor 13 board feet (b.f.) per snowboard 11 yards per snowboard 7 hours per snowboard Skubas's CEO expects to sell 3,400 snowboards during January 2018 at an estimated retail price of $1,000 per board. Further, the CEO expects 2018 beginning inventory of 700 snowboards and would like to end January 2018 with 800 snowboards in stock. Direct Materials Inventories Ending Inventory 1/31/2018 Wood Beginning Inventory 1/1/2018 2,060 b.f. 1,060 yards...
Input Prices Direct materials Plastic Metal Direct manufacturing labor $ 6 per pound $ 5 per pound $ 12 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic Metal Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 5 pounds 0.5 pounds 3 hours 12 MH 7 pounds 1 pound 5 hours 20 MH Inventory Information, Direct Materials Metal Beginning inventory Target ending inventory Cost of beginning inventory Plastic 220 pounds 400 pounds 924 70 pounds...
e Palermo Stary manufactures bust states of famous historical figures. All stats are the samese Each unt requires the same amount of resources. The following information is from the static budget for 2017: m (Click the loon to view the static budget data) Standard quantities, standard prices and standard unit cost follow for direct mananas and direct manufacturing labor Click the icon to view the data) Read the requirements Requirement 1. Calculate the sales volume variance and fexible-budget variance for...
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