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24 of 40 (21 com The efficiency variance measures O A. the change in quantities used...
24 of 40 (21 com The efficiency variance measures O A. the change in quantities used...
24 of 40 (21 com The efficiency variance measures O A. the change in quantities used over time B. the difference between the quantity used by the company and the quantity used by its competitors C. how quickly direct materials are processed into finished goods D. how well the business uses its materials or human resources
Question 19 What does a cost variance measure? Not yet answered Marked out of 2.00 P...
Question 19 What does a cost variance measure? Not yet answered Marked out of 2.00 P Flag question Select one: O A. the volume discounts companies receive when ordering direct materials in large quantities O B. the difference between the cost the company pays and the cost its competitors pay OC. the change in costs over time O D. how well the business keeps unit costs of material and labor inputs within standards Question 20 Not yet answered Luong Machines...
Match the variance to the correct definitions. i(Click on the icon to view the definitions.) Definition...
Match the variance to the correct definitions. i(Click on the icon to view the definitions.) Definition Variance 2. Cost variance 3. Efficiency variance Flexible budget variance 4. 5. Sales volume variance 6. Static budget variance a. b. C. d. e. i Definitions The difference between the expected results in the flexible budget for the actual units sold and the static budget. The difference between actual results and the expected results in the flexible budget for the actual units sold. Measures...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures its direct materials usage in pounds. The production cost variances for 2018 are as follows: $8,000 F $9,000 F $4,000U $6,000F Variable Overrhead Rate Variance: Variable Overhead Efficiency Variance: Fixed Overhead Budget Variance: Fixed Overhead Volume Variance Direct Material Price Variance: Direct Material Quantity Variance: $ 7,000 F Direct Labor Rate Variance: Direct Labor Efficiency Variance $13,000 U $12,000 U $ 4,000 F For...
How much is the direct materials quantity variance? Oliver Enterprises has collected the following data for...
How much is the direct materials quantity
variance?
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.60/lb.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.80 per finished good $8,000 35,000 pounds 26,000 units O A. $21,000 unfavorable O B. $124,800 unfavorable OC. $103,800 favorable OD. $124,800 favorable
can you please help me with 1c. variable overhead efficiency variance. thanks Miller Toy Company manufactures...
can you please help me with 1c. variable overhead
efficiency variance. thanks
Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Flexible Budget Actual $ 273, 000 $ 273, eee Sales (6,000 pools) Variable expenses: Variable cost of goods sold* Variable selling expenses Total variable expenses Contribution margin Fixed expenses: Manufacturing overhead Selling and administrative Total fixed expenses Net operating income...
Can you please explain why it favorable and unfavorable. thank you. P 9-A Variance Analysis (In...
Can
you please explain why it favorable and unfavorable. thank
you.
P 9-A Variance Analysis (In Class) Pear Company is a manufacturing firm that specializes in the production of a single product. Overhead is applied based on direct labor hours. Standard Cost Card (budget for one unit) The standard cost card shows the manager what the final manufactured cost should be for the company's product. Standard Standard Quantity Price Standard or Hours or Rate Cost Direct Materials 3.5 feet х...
The company purchased (with cash) and used 77000 yards of raw materials at a cost of...
The company purchased (with cash) and used 77000 yards of raw materials at a cost of $12.70 per yard. Its direct laborers finished goods during the period. Bowen's standard cost card for its only product is as follows: worked 40,850 hours and were paid a total of $633,175. The company started and completed 62,000 units of Standard Standard Standard or Boursor Rate(1)(2) Direct materials1 yards 13.00 yard 13.00 Quantity Price Cost per per per 1.0 hours '1s.so r15.50 Direct labor...
24. Standard costing can be used to apply costs for which of the following? Select one...
24. Standard costing can be used to apply costs for which of the following? Select one Direct Materials b. Direct Labor Indirect Materials and Indirect Labor c d. Factory Utilities All of the above can be applied using standard costing a. Tab e 25. Reasons for using standard costing include their usefulness in: Select one: Caps L a. Preparing flexible budgets b. Preparing master budgets c Establishing selling prices d. Preparing performance reports e All of the above Shift 1...
41 to 46 please 41) 41) A comeany s seting its dirr materia and drct laor...
41
to 46 please
41) 41) A comeany s seting its dirr materia and drct laor standards for its eading product. Direct materials cost from e supper are 19per square ootet of purdhase discount Freight-in foot Basic wages of the oemery ine personnel are $14 per hour amourts to so p matety 21% of wg Barets amount to $2 per hour How much is the Payroll taxes are appr die O) $1600 AL ats cot standard per square foor 91500...
24 of 40 (21 com The efficiency variance measures O A. the change in quantities used over time B. the difference between the quantity used by the company and the quantity used by its competitors C. how quickly direct materials are processed into finished goods D. how well the business uses its materials or human resources
Question 19 What does a cost variance measure? Not yet answered Marked out of 2.00 P Flag question Select one: O A. the volume discounts companies receive when ordering direct materials in large quantities O B. the difference between the cost the company pays and the cost its competitors pay OC. the change in costs over time O D. how well the business keeps unit costs of material and labor inputs within standards Question 20 Not yet answered Luong Machines...
Match the variance to the correct definitions. i(Click on the icon to view the definitions.) Definition Variance 2. Cost variance 3. Efficiency variance Flexible budget variance 4. 5. Sales volume variance 6. Static budget variance a. b. C. d. e. i Definitions The difference between the expected results in the flexible budget for the actual units sold and the static budget. The difference between actual results and the expected results in the flexible budget for the actual units sold. Measures...
The Thanksgiving Costume Factory used budgeted activity as its denominator level for 2018. The company measures its direct materials usage in pounds. The production cost variances for 2018 are as follows: $8,000 F $9,000 F $4,000U $6,000F Variable Overrhead Rate Variance: Variable Overhead Efficiency Variance: Fixed Overhead Budget Variance: Fixed Overhead Volume Variance Direct Material Price Variance: Direct Material Quantity Variance: $ 7,000 F Direct Labor Rate Variance: Direct Labor Efficiency Variance $13,000 U $12,000 U $ 4,000 F For...
How much is the direct materials quantity
variance?
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.60/lb.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.80 per finished good $8,000 35,000 pounds 26,000 units O A. $21,000 unfavorable O B. $124,800 unfavorable OC. $103,800 favorable OD. $124,800 favorable
can you please help me with 1c. variable overhead
efficiency variance. thanks
Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Flexible Budget Actual $ 273, 000 $ 273, eee Sales (6,000 pools) Variable expenses: Variable cost of goods sold* Variable selling expenses Total variable expenses Contribution margin Fixed expenses: Manufacturing overhead Selling and administrative Total fixed expenses Net operating income...
Can
you please explain why it favorable and unfavorable. thank
you.
P 9-A Variance Analysis (In Class) Pear Company is a manufacturing firm that specializes in the production of a single product. Overhead is applied based on direct labor hours. Standard Cost Card (budget for one unit) The standard cost card shows the manager what the final manufactured cost should be for the company's product. Standard Standard Quantity Price Standard or Hours or Rate Cost Direct Materials 3.5 feet х...
The company purchased (with cash) and used 77000 yards of raw materials at a cost of $12.70 per yard. Its direct laborers finished goods during the period. Bowen's standard cost card for its only product is as follows: worked 40,850 hours and were paid a total of $633,175. The company started and completed 62,000 units of Standard Standard Standard or Boursor Rate(1)(2) Direct materials1 yards 13.00 yard 13.00 Quantity Price Cost per per per 1.0 hours '1s.so r15.50 Direct labor...
24. Standard costing can be used to apply costs for which of the following? Select one Direct Materials b. Direct Labor Indirect Materials and Indirect Labor c d. Factory Utilities All of the above can be applied using standard costing a. Tab e 25. Reasons for using standard costing include their usefulness in: Select one: Caps L a. Preparing flexible budgets b. Preparing master budgets c Establishing selling prices d. Preparing performance reports e All of the above Shift 1...
41
to 46 please
41) 41) A comeany s seting its dirr materia and drct laor standards for its eading product. Direct materials cost from e supper are 19per square ootet of purdhase discount Freight-in foot Basic wages of the oemery ine personnel are $14 per hour amourts to so p matety 21% of wg Barets amount to $2 per hour How much is the Payroll taxes are appr die O) $1600 AL ats cot standard per square foor 91500...
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