Please note below answers for Multiple choice question you have required :-
21. A) $3.32 (closest)
22. A) $40000
23. A) TRUE
24. D) PURCHASING
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Please answer all 21. Gladstone Footwear Corporation's flexible budget cost formula for supplies, a variable cost,...
Shoewear Inc.’s flexible budget cost formula for supplies, a variable overhead cost, is $4.87 per unit of output. The company's flexible budget performance report for last month showed a $7,684 unfavorable variance for supplies. During that month, 12,400 units were produced. Budgeted activity for the month was 10,600 units. What are the total actual cost incurred for supplies?
Tos Corporation's flexible budget cost formula for indirect materials a variable cost, is $0 60 per unit of output. If the company's performance report for last month shows an $800 unfavorable spending variance for Indirect materials and if 9.000 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been Multiple Choice o ss Boo o o o of А воо о лоо o 56200
Olivera Corporation's flexible budget performance report for last month shows that actual indirect materials cost, a variable cost, was $42,818 and that the spending variance for indirect materials cost was $2,710 unfavorable. During that month, the company worked 14,800 machine-hours. Budgeted activity for the month had been 15,260 machine-hours. The cost formula per machine-hour for indirect materials cost must have been closest to: O $3.02 O $3.09 $2.63 $2.71
Please answer all questions ASAP! Will rate! 1.A company’s flexible budget for 12,000 units of production showed sales, $46,800; variable costs, $12,000; and fixed costs, $28,000. The variable costs expected if the company produces and sells 28,000 units is: Multiple Choice $46,800. $74,800. $56,000. $28,000. $12,000. 2. A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (417,000 units @ $3.00 / unit) $ 1,251,000 Actual costs:...
xyz's flexible budget performance report for last month shows that actual indirect materials cost, a variable overhead cost, was $28,420 and that the variance for indirect materials cost was $3,828 unfavorable. During that month, the company worked 11,600 machine-hours. Budgeted activity for the month had been 11,300 machine-hours. The cost formula per machine-hour for indirect materials cost must have been closest to: Select one: a. $2.18 b. $2.12 c. $2.78 d. $2.49 e. $2.85
a) Prepare actual, static and flexible budget income statements for December. b) What is the flexible budget variance and volume variance for total COGM and indicate if it is favorable or unfavorable? c) To further investigate the flexible budget variance, Merry Inc. found that the budgeted direct labor rate was $54 per hour and expected production rate was 10 trees per hour. Actual direct labor rate was $70 per hour and actual production rate was 12 trees per hour. Compute...
1. What raw materials cost would be included in the company’s flexible budget for March? 2. What is the materials quantity variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.). Input the amount as a positive value.) 3. What is the materials price variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
Standard Cost and Flexible Budget. Brier Company produces car covers. The company's master budget shows the following standards information. Expected production for September 5,000 units 29. Direct materials 8 yards per unit at $5 per yard Direct labor 3 hours per unit at $16 per hour Variable manufacturing overhead Required: a. Caleulate the standard cost per unit for direct materials, direct labor, and variable manufacturing overhead using the format shown in Figure 10.1. 3 direct labor hours per unit at...
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance (0) Total Direct Labor Variance (c) Direct Labor Direct Labor Cost Variance Efficiency Variance $ 180 U $ 305 F (b) Direct Materials Efficiency Variance $ 145 U Direct Materials Cost Variance $ 520 F Total Variable Overhead Variance Total Fixed Overhead Variant Fixed Overhead (e) Variable Overhead Cost Variance 5750 Variable Overhead Efficiency Variance $ 600 F Cost Variance $ 125 F Print...
uestions Navigation Menu ing activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity: .Four welding units, with a lease cost of $15,000 per year per unit Six welding employees each paid a salary of $47,000 per year (A total of 12,000 welding hours are supplied by the six workers.) Welding supplies: $400 per job Welding hours: 4 hours used per job During the year, the activity operated at 80...