Homework Answers
11.b. unavoidable fix overhead.
12. a. the amount of unavoidable fixed cost.
13. b. the safety of the new equipement compared to old equipment (Since, its not financial parameter)
14.*All options not visible
15. c. The machines were better maintained so waste was lower
4. c. Discuss the potential reasons for the variance whith those who may be involved...
5. d. favourable
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Page 1: Which of the following costs is least likely to be relevant in deciding whether...
Page 1: Which of the following is irrelevant when deciding to upgrade a company's heating and...
Page 1: Which of the following is irrelevant when deciding to upgrade a company's heating and air conditioning system? 1 2 3 > a) the productivity of the old equipment compared to that of the new equipment 5 b) the safety of the new equipment compared to the old equipment 7 8 9 c) the purchase price of the old equipment compared to the purchase price of the new equipment 10 11 12 d) the energy efficiency of the old...
4 5 6 Which of the following is irrelevant when deciding to upgrade a company's heating...
4 5 6 Which of the following is irrelevant when deciding to upgrade a company's heating and air conditioning system? 7 8 9. a) the productivity of the old equipment compared to that of the new equipment 10 11 12 b) the safety of the new equipment compared to the old equipment 13 14 15 c) the purchase price of the old equipment compared to the purchase price of the new equipment d) the energy efficiency of the old equipment...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost $10.00 Metres 5 5.2 Hours 3 $11.44 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 $15.00 3.2 $17.60 Hours Hourly Rate 4 $12.00 $3.00 $3.10 4.2 $13.02 $42.06 $37.00 Required:...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost Metres $10.00 5.2 $11.44 Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost 3 3.2 $15.00 $17.60 Hours Hourly Rate 4 4.2 $12.00 $3.00 $3.10 $13.02 $42.06 $37.00 I Required...
Page Break Question 1: Triple Star Company's standard and actual costs per unit are provided below...
Page Break Question 1: Triple Star Company's standard and actual costs per unit are provided below for the most recent period During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres $8.00 4. 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3 3.2 $20.80 Hours Hourly Rate $6.00 2 19.2 $3.00 $3.10 $6.82 S35.41 $35.00...
Use the following information to answer the next four questions For each unit produced, a company...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
Use the following information to answer the next four questions For each unit produced, a company...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
Question 1: Five brothers Company's budget and actual costs per unit are provided below for the...
Question 1: Five brothers Company's budget and actual costs per unit are provided below for the most recent period. During this period, 800 units were actually produced. Product Budget Cost Product Actual Cost Metres $30.00 $29.76 Unit Price Per Metre 6 $5.00 6.2. $4.80 Hourly Rate 5 $5.00 4.8 $5.50 Hours Materials Budget Actual Direct labour Budget Actual Variable overhead Budget Actual Total unit cost $25.00 $26.40 Hours Hourly Rate $20.00 5 4.9 $4.00 $4.10 $20.09 $76.25 $75.00 Required: Given...
Question 1: CNC Company's Budget and actual costs per unit are provided below for the most...
Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Product Standard Cost Actual Cost Materials Metres Unit Price Per Metre Standard 5 $2.00 $10.00 Actual 5.2 $2.20 $11.44 Direct labour Hours Hourly Rate Standard 3 $5.00 $15.00 Actual 3.2 $5.50 $17.60 Variable overhead Hours Hourly Rate Standard 4 $3.00 $12.00 Actual 4.2 $3.10 $13.02 Total unit cost $37.00 $42.06 Required: Given the...
19 At the beginning of October, the following was determined for a particular product Standard unity...
19 At the beginning of October, the following was determined for a particular product Standard unity of material per unit produced Standard Price of material Budgeted Units to be produced The following data pertain to operations concerning the product for October Actual Cost of materials purchased $ 150,000 Beginning Materials aventory Ending Materials Inventory 2.000 6 Actual Units Produced 8.000 units Materials Purchase Price Variance 15.000 Favorable What was the Materials Ouantity Variance for October? $4,000 Unfavorable $5.000 Unfavorable $15,000...
Page 1: Which of the following is irrelevant when deciding to upgrade a company's heating and air conditioning system? 1 2 3 > a) the productivity of the old equipment compared to that of the new equipment 5 b) the safety of the new equipment compared to the old equipment 7 8 9 c) the purchase price of the old equipment compared to the purchase price of the new equipment 10 11 12 d) the energy efficiency of the old...
4 5 6 Which of the following is irrelevant when deciding to upgrade a company's heating and air conditioning system? 7 8 9. a) the productivity of the old equipment compared to that of the new equipment 10 11 12 b) the safety of the new equipment compared to the old equipment 13 14 15 c) the purchase price of the old equipment compared to the purchase price of the new equipment d) the energy efficiency of the old equipment...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost $10.00 Metres 5 5.2 Hours 3 $11.44 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 $15.00 3.2 $17.60 Hours Hourly Rate 4 $12.00 $3.00 $3.10 4.2 $13.02 $42.06 $37.00 Required:...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost Metres $10.00 5.2 $11.44 Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost 3 3.2 $15.00 $17.60 Hours Hourly Rate 4 4.2 $12.00 $3.00 $3.10 $13.02 $42.06 $37.00 I Required...
Page Break Question 1: Triple Star Company's standard and actual costs per unit are provided below for the most recent period During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres $8.00 4. 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3 3.2 $20.80 Hours Hourly Rate $6.00 2 19.2 $3.00 $3.10 $6.82 S35.41 $35.00...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
Question 1: Five brothers Company's budget and actual costs per unit are provided below for the most recent period. During this period, 800 units were actually produced. Product Budget Cost Product Actual Cost Metres $30.00 $29.76 Unit Price Per Metre 6 $5.00 6.2. $4.80 Hourly Rate 5 $5.00 4.8 $5.50 Hours Materials Budget Actual Direct labour Budget Actual Variable overhead Budget Actual Total unit cost $25.00 $26.40 Hours Hourly Rate $20.00 5 4.9 $4.00 $4.10 $20.09 $76.25 $75.00 Required: Given...
Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Product Standard Cost Actual Cost Materials Metres Unit Price Per Metre Standard 5 $2.00 $10.00 Actual 5.2 $2.20 $11.44 Direct labour Hours Hourly Rate Standard 3 $5.00 $15.00 Actual 3.2 $5.50 $17.60 Variable overhead Hours Hourly Rate Standard 4 $3.00 $12.00 Actual 4.2 $3.10 $13.02 Total unit cost $37.00 $42.06 Required: Given the...
19 At the beginning of October, the following was determined for a particular product Standard unity of material per unit produced Standard Price of material Budgeted Units to be produced The following data pertain to operations concerning the product for October Actual Cost of materials purchased $ 150,000 Beginning Materials aventory Ending Materials Inventory 2.000 6 Actual Units Produced 8.000 units Materials Purchase Price Variance 15.000 Favorable What was the Materials Ouantity Variance for October? $4,000 Unfavorable $5.000 Unfavorable $15,000...
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