Homework Answers
Add Answer to:
1.
2.
3.
4.
For February, sales revenue is $564,000, sales commissions are 4% of sales,...
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,900 kilograms @ $8.00 The amount of direct materials price variance is oa. $853 favorable ob. $2,378 favorable OC. $853 unfavorable od. $2,378 unfavorable
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00...
The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour. Standard costs: 5,000 hours at $23.70 per hour. What is the direct labor rate variance? Oa. $1,500 favorable ob. $1,650 favorable OC. $1,500 unfavorable od. $1,650 unfavorable
Use this information to answer the question that follow. The following data relate to direct materials...
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.60 yards; actual, 5.20 yards Units of production: 9,100 Calculate the direct materials price variance. Oa. $5,205.20 favorable Ob. $4,604.60 favorable Oc. $1,001.00 unfavorable Od. $5,205.20 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of material, $5.30; and standard costs for 4,410 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $5,093 unfavorable Ob. $1,408 favorable c. $1,408 unfavorable Od. $5,093 favorable
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price...
Ruby Company produces a chair that requires 4 yards of material per unit. The standard price of one yard of material is $12.80. During the month, 5,200 chairs were manufactured, using 21,000 yards at a cost of $12.16 per yard. Determine the following: Enter favorable variances as negative numbers. a. Price Variance $ b. Quantity Variance $ c. Cost Variance $ The standard costs and actual costs for direct materials for the manufacture of 2,020 actual units of product are...
1) 2) 3) 4) Which of the following will not be found on the balance sheet...
1)
2)
3)
4)
Which of the following will not be found on the balance sheet of a manufacturing company? Oa. work in process Ob. cost of goods sold Oc. finished goods Od. materials Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred Operating expenses $345,000 250,000 400,000 175,000 Jensen Company's period costs are Oa. $400,000 Ob. $175,000 Oc. $250,000 Od. $345,000 The direct materials costs and direct labor costs incurred by a production department...
1) 2) 3) 4) 5) When Isaiah Company has fixed costs of $103,530 and the contribution...
1)
2)
3)
4)
5)
When Isaiah Company has fixed costs of $103,530 and the contribution margin is $21, the break-even point is Oa. 5,700 units Ob. 12,420 units Oc.9,860 units Od. 4,930 units Variable costs as a percentage of sales for Lemon Inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How much will operating income change if sales increase by $40,000? Oa. $8,000 decrease Ob. $30,000 decrease Oc. $30,000 increase Od. $8,000 increase Zipee Inc....
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,900 kilograms @ $8.00 The amount of direct materials price variance is oa. $853 favorable ob. $2,378 favorable OC. $853 unfavorable od. $2,378 unfavorable
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour. Standard costs: 5,000 hours at $23.70 per hour. What is the direct labor rate variance? Oa. $1,500 favorable ob. $1,650 favorable OC. $1,500 unfavorable od. $1,650 unfavorable
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.60 yards; actual, 5.20 yards Units of production: 9,100 Calculate the direct materials price variance. Oa. $5,205.20 favorable Ob. $4,604.60 favorable Oc. $1,001.00 unfavorable Od. $5,205.20 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,630 pounds of material, $5.30; and standard costs for 4,410 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $5,093 unfavorable Ob. $1,408 favorable c. $1,408 unfavorable Od. $5,093 favorable
1)
2)
3)
4)
Which of the following will not be found on the balance sheet of a manufacturing company? Oa. work in process Ob. cost of goods sold Oc. finished goods Od. materials Jensen Company reports the following: Direct materials used Direct labor incurred Factory overhead incurred Operating expenses $345,000 250,000 400,000 175,000 Jensen Company's period costs are Oa. $400,000 Ob. $175,000 Oc. $250,000 Od. $345,000 The direct materials costs and direct labor costs incurred by a production department...
1)
2)
3)
4)
5)
When Isaiah Company has fixed costs of $103,530 and the contribution margin is $21, the break-even point is Oa. 5,700 units Ob. 12,420 units Oc.9,860 units Od. 4,930 units Variable costs as a percentage of sales for Lemon Inc. are 80%, current sales are $600,000, and fixed costs are $130,000. How much will operating income change if sales increase by $40,000? Oa. $8,000 decrease Ob. $30,000 decrease Oc. $30,000 increase Od. $8,000 increase Zipee Inc....
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 1 hour ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 2 hours ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 3 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 4 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 4 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 4 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 5 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 6 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 6 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 6 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 6 hours ago -
Why are polymers not typically casted into products?
asked 6 hours ago