Homework Answers
2.C. expected future costs that differs among alternatives.
Relevant costs are those which are different for different available alternatives.
costs that were incurred in past and cannot be changed are sunk costs.
A factor that restricts production or sales of a product is the bottleneck factor.
3.b.increase by $5000.
working:
number of units in special order * (price -variable costs)
=>5000*(225-165-50)
=>$50,000.
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Upwalties. Alcording to company standards, it should Lake 1 hour of direct labour to produce a...
Use the information below to answer the following question(s): Clear Sky Sailmakers manufactures sails for sailboats....
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Mark: 19 (1 point for each question) 1) The unemployment rate is high in the city...
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Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg...
Jay Levitt Company budgeted the following cost standards for
the current year:
Direct materials (2 kg of
plastic at $6 per kilogram)
$12.00
Direct labour (2 hours at $12
per hour)
24.00
Variable manufacturing
overhead
11.90
Fixed manufacturing
overhead
6.25
Total standard cost per
unit
$54.15
Actual costs for producing 2,740 units were as follows:
Direct materials used
5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
$67,424
Variable manufacturing
costs
$32,600
Fixed manufacturing costs
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Mark: 19 (1 point for each question) 1) The unemployment rate is high in the city in which a company has a factory. The company finds that they are able to pay new employees a lower wage per hour than when the unemployment rate was lower a year ago. Which variance is directly impacted? A) Materials price variance B) Materials efficiency variance C) Labour price variance D) Labour efficiency variance 2) Thomas Corporation produces stopwatches. According to company standards, it...
Klaudia Galus D. Increase by $190,000 Question 8 Not yet answered Lowwater Sailmakers manufactur Ponts out of 1 00 currently p P Flag question Sale price per unit $150 Table 8.1 res sails for sailboats. The company has the capacity to produce 25,000 sails per year but is currently producing and selling 20,000 sails per year. The following information relates to current production: Variable costs per unit: Manufacturing $55 Marketing and administrative $25 Total fixed costs: Manufacturing $640,000 Marketing and...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at the rate of $12 per hour During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of Product Calculate the total direct labour variance: Is it favourable or unfavourable? Calculate the direct labour price variance: Is it favourable or unfavourable? Calculate the direct labour quantity variance: Is it favourable or unfavourable?
Jay Levitt Company budgeted the following cost standards for
the current year:
Direct materials (2 kg of
plastic at $6 per kilogram)
$12.00
Direct labour (2 hours at $12
per hour)
24.00
Variable manufacturing
overhead
11.90
Fixed manufacturing
overhead
6.25
Total standard cost per
unit
$54.15
Actual costs for producing 2,740 units were as follows:
Direct materials used
5,560
kg
Direct materials purchased
(6,780 kg)
$40,002
Direct labour (6,880 hours)
$67,424
Variable manufacturing
costs
$32,600
Fixed manufacturing costs
$17,600
Your...
Comfort Cloud manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but is currently producing and selling 75,000 seats per year. The following information relates to current production: Sale price per unit $400 Variable costs per unit: Manufacturing Marketing and administrative S220 $50 Total fixed costs: Manufacturing Marketing and administrative $750,000 $200,000 If a special sales order is accepted for 5,500 seats at a price of $325 per unit, fixed costs remain unchanged, and...
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