Homework Answers
Answer
--Static Budget cost is the cost of BUDGETED estimated units
--DIrect material static budget for 3400 budgeted units = $ 23,562
--Correct Answer = Option 'F' $ 23,562
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3400, 4330 Name: any estimated production of 3,100 units of finished product and direct material cost...
Name: 8 pt For 2018, X Company estimated production of 3,000 units of finished product and...
Name: 8 pt For 2018, X Company estimated production of 3,000 units of finished product and direct material cost of $20,07 Actual production in 2018 was 2,900 units of finished product, and actual direct material cost was $13,590. What was the direct material static budget for 2018? 1. AO $13,137 BO $13,590 CO $14,059 DO $19,401 EO $20,070 FO $22,077 At the start of 2018, X Company developed the following budgeted total cost function: $10.36X + $221,700, where number of...
For 2018, X Company estimated production of 3,500 units of finished product and direct material cost...
For 2018, X Company estimated production of 3,500 units of finished product and direct material cost of $23,800. Actual production in 2018 was 2,500 units of finished product, and actual direct material cost was $14,050. What was the direct material static budget for 2018?
Name: 8 p Be Careful The following information is for direct material cost for X Company...
Name: 8 p Be Careful The following information is for direct material cost for X Company for 2018: 3.1 2.8 $11.10 $11.60 5,480 units 6,130 units Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production Assuming X Company used production as the activity measure, what was the direct material static budget for 2018? 1. AO S177,990 BO $188,567 CO S199,102 DO $210,933 EO $282,850 FO...
p Be Careful The following information is for direct material cost for X Company for 2018...
p Be Careful The following information is for direct material cost for X Company for 2018 Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production 2.2 $12.40 $12.70 4,510 units 5,000 units Assuming X Company used production as the activity measure, what was the direet material statie budget for 2018 1. AO S114,554 BO S123,033 CO $127,000 DO $136,400 EO S184,549 FO $263,400 8 pt...
eSg hitorstion t foar direet material cost for X Company for 2018 Budgeted pounds per unit...
eSg hitorstion t foar direet material cost for X Company for 2018 Budgeted pounds per unit of product Actuil pounds per unit of product Budgeted enst per pound Actual cost per pound Budgsted production Actual production 2.5 $10.60 10.70 5,350 unite 6,360 unita s Conspany usnd production as the antivity measure, what was the direct material static budget for 20187 MOS14 BO 136.104 CO 814127 DO 108,540 EO $212,662 FO $304,644
Sheffield Corp. required production for June is 232000 units. To make one unit of finished product,...
Sheffield Corp. required production for June is 232000 units. To
make one unit of finished product, three pounds of direct material
Z are required. Actual beginning and desired ending inventories of
direct material Z are 400000 and 410000 pounds, respectively. How
many pounds of direct material Z must be purchased?
696000.
706000.
700000.
690000.
- and 7 refer to the following information Company sold 66,900 units of its only product for $19.00 each Es only pr...
- and 7 refer to the following information Company sold 66,900 units of its only product for $19.00 each Es only product for $19.00 each. Total costs were as follows: Cost of goods sold Variable S460,941 Fixed 131,124 Selling and administrative Variable $71,583 84.063 Fixed At the end of the year, a company offered capacity to produce the additional units, and even year, a company offered to buy 4.730 units of the product but only for $12.00 each. X Company...
Last year, X Company sold 61,900 units of its only product for $19.00 each. Total costs...
Last year, X Company sold 61,900 units of its only product for $19.00 each. Total costs were as follows: Cost of goods sold Variable S412,254 137,418 Fixed Selling and administrative Variable Fixed $77,375 76,756 At the end of the year, a company offered to buy 4,360 units of the product but only for $11.00 each. X Company had the capacity to produce the additional units, and even though there would have been no additional selling and administrative costs, it rejected...
Questions 5, 6, and 7 refer to the following information Last year, X Company sold 68,100 units of its only product...
Questions 5, 6, and 7 refer to the following information Last year, X Company sold 68,100 units of its only product for $18.00 each. Total costs were as follows: Cost of goods sold Variable S439,926 Fixed 138,924 Selling and administrative Variable $78,315 Fixed 88.530 At the end of the year, a company offered to buy 4,880 units of the product but only for $11.00 each. X Company had the capacity to produce the additional units, and even though there would...
28. A weekly factory production report shows the following data: Product units produced Standard Direct Labor...
28. A weekly factory production report shows the following data: Product units produced Standard Direct Labor (DL) time for 18,000 units 20,000 hours Standard DL rate per hour Actual DL time used in production: 20,800 hours Actual DL rate per hour Standard Direct Materials (DM) cost per unit Standard Factory Overhead (FO) rate: 40% of DL cost 18.00 Instructions (a, b, c): Calculate the following variances: please indicate (unfavorable) with your answer: 521.00 520.00 a) DL rate variance averable) er...
Name: 8 pt For 2018, X Company estimated production of 3,000 units of finished product and direct material cost of $20,07 Actual production in 2018 was 2,900 units of finished product, and actual direct material cost was $13,590. What was the direct material static budget for 2018? 1. AO $13,137 BO $13,590 CO $14,059 DO $19,401 EO $20,070 FO $22,077 At the start of 2018, X Company developed the following budgeted total cost function: $10.36X + $221,700, where number of...
Name: 8 p Be Careful The following information is for direct material cost for X Company for 2018: 3.1 2.8 $11.10 $11.60 5,480 units 6,130 units Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production Assuming X Company used production as the activity measure, what was the direct material static budget for 2018? 1. AO S177,990 BO $188,567 CO S199,102 DO $210,933 EO $282,850 FO...
p Be Careful The following information is for direct material cost for X Company for 2018 Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production 2.2 $12.40 $12.70 4,510 units 5,000 units Assuming X Company used production as the activity measure, what was the direet material statie budget for 2018 1. AO S114,554 BO S123,033 CO $127,000 DO $136,400 EO S184,549 FO $263,400 8 pt...
eSg hitorstion t foar direet material cost for X Company for 2018 Budgeted pounds per unit of product Actuil pounds per unit of product Budgeted enst per pound Actual cost per pound Budgsted production Actual production 2.5 $10.60 10.70 5,350 unite 6,360 unita s Conspany usnd production as the antivity measure, what was the direct material static budget for 20187 MOS14 BO 136.104 CO 814127 DO 108,540 EO $212,662 FO $304,644
Sheffield Corp. required production for June is 232000 units. To
make one unit of finished product, three pounds of direct material
Z are required. Actual beginning and desired ending inventories of
direct material Z are 400000 and 410000 pounds, respectively. How
many pounds of direct material Z must be purchased?
696000.
706000.
700000.
690000.
- and 7 refer to the following information Company sold 66,900 units of its only product for $19.00 each Es only product for $19.00 each. Total costs were as follows: Cost of goods sold Variable S460,941 Fixed 131,124 Selling and administrative Variable $71,583 84.063 Fixed At the end of the year, a company offered capacity to produce the additional units, and even year, a company offered to buy 4.730 units of the product but only for $12.00 each. X Company...
Last year, X Company sold 61,900 units of its only product for $19.00 each. Total costs were as follows: Cost of goods sold Variable S412,254 137,418 Fixed Selling and administrative Variable Fixed $77,375 76,756 At the end of the year, a company offered to buy 4,360 units of the product but only for $11.00 each. X Company had the capacity to produce the additional units, and even though there would have been no additional selling and administrative costs, it rejected...
Questions 5, 6, and 7 refer to the following information Last year, X Company sold 68,100 units of its only product for $18.00 each. Total costs were as follows: Cost of goods sold Variable S439,926 Fixed 138,924 Selling and administrative Variable $78,315 Fixed 88.530 At the end of the year, a company offered to buy 4,880 units of the product but only for $11.00 each. X Company had the capacity to produce the additional units, and even though there would...
28. A weekly factory production report shows the following data: Product units produced Standard Direct Labor (DL) time for 18,000 units 20,000 hours Standard DL rate per hour Actual DL time used in production: 20,800 hours Actual DL rate per hour Standard Direct Materials (DM) cost per unit Standard Factory Overhead (FO) rate: 40% of DL cost 18.00 Instructions (a, b, c): Calculate the following variances: please indicate (unfavorable) with your answer: 521.00 520.00 a) DL rate variance averable) er...
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