Homework Answers
Direct labor efficiency variance = Standard hours*Standard rate - Actual hours*Standard rate
Standard hours = 5,000*5 = 25,000 hours
Direct labor efficiency variance = 25,000*$16 - 30,000*$16
Direct labor efficiency variance = $400,000 - 480,000 = $80,000 Unfavorable
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8. PM Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly...
merald Marine Stores Company manufactures decorative fittings for luxury yachts that require highly skilled labor, and...
merald Marine Stores Company manufactures decorative fittings for luxury yachts that require highly skilled labor, and special metallic materials. Emerald uses standard costs to prepare its flexible budget. For the first quarter of 2015, direct material and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $12 per pound Direct labor: 4 hours per unit; $15 per hour Emerald produced 5,000 units during the quarter. At the end of the quarter,...
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Seaworthy Designs manufactures special metallic materials and decorative Alings for my yachts that require highly skilled labor Seaworthy uses standard costs to prepares feble budget. For the first quarter of the year, direct materials and direct labor standards for one of the popular products were as follows Direct materials 3 pounds per unit 56 per pound Dredlabor 2 hours per un 50 per hour During the starter Seawory produced 4000 units of this product Aduldre materials and direct labor costs...
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FINAL EXAM-OL 3400 (A) Adam was reviewing the water bill for her dog day care and...
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Question 16 Crash Sports, Inc. has two product lines-batting helmets and football helmets. The income statement...
Question 16 Crash Sports, Inc. has two product lines-batting helmets and football helmets. The income statement data for the most recent year is as follows: Not yet answered Marked out of 2.00 P Flag question Sales revenue Variable costs Contribution margin Fixed costs Operating income (loss) Total Batting Helmets Football Helmets $1,050,000 $700,000 $350,000 (430,000) (150,000) (280,000 $620,000 $550,000 $70,000 (180.000) 190.000 190.000 $440,000 $460,000 $120,000 If $50,000 of fixed costs will be eliminated by dropping the football helmets line,...
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...
1. The master budget A. Shows forecasted and actual results B. Reflects controllable costs only C....
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Mid-Atlantic Yachts manufactures boats for seafarers. Its most popular model can accommodate twelve people and sells for...
Mid-Atlantic Yachts manufactures boats for seafarers. Its most
popular model can accommodate twelve people and sells for $865,000.
Manufacturing and other costs, all per unit, are as follows:
Mid-Atlantic has a constraint on how many yachts can be built in a
year, because yacht building is a highly skilled endeavor and
qualified machinists are difficult to find and retain. If the labor
rate is $90 per hour, what is the contribution margin on the yacht
per labor hour?
A :...
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3.) The performance report for Clouse Company showed the flexible budget for direct materials as $100,000...
3.) The performance report for Clouse Company showed the flexible budget for direct materials as $100,000 and actual direct materials as $86,000. This means there was a $14,000 unfavorable variance for the period. True or False 4.) Benny’s Bakery produces bagels for resale at local grocery stores. The master budget indicates that the company expects to use 2.5 pounds of direct materials for each unit produced at a cost of $10.00 per pound (one unit = one batch of bagels)....
Seaworthy Designs manufactures special metallic materials and decorative Alings for my yachts that require highly skilled labor Seaworthy uses standard costs to prepares feble budget. For the first quarter of the year, direct materials and direct labor standards for one of the popular products were as follows Direct materials 3 pounds per unit 56 per pound Dredlabor 2 hours per un 50 per hour During the starter Seawory produced 4000 units of this product Aduldre materials and direct labor costs...
FINAL EXAM-OL 3400 (A) Adam was reviewing the water bill for her dog day care and spa and determined that her highet bill, 55,000, occurred in Jaly when she washed 500 dogs and her lowest bill, $3,600, ocourrod in February when she wawhed 325 dogs What was the Fariabie Cont per dog associated wh Adam's water bil? Michigan City reported actual operating income for the current year as 566,000. The flexible bodget operating income for actual volume is $$6,000, while...
Question 16 Crash Sports, Inc. has two product lines-batting helmets and football helmets. The income statement data for the most recent year is as follows: Not yet answered Marked out of 2.00 P Flag question Sales revenue Variable costs Contribution margin Fixed costs Operating income (loss) Total Batting Helmets Football Helmets $1,050,000 $700,000 $350,000 (430,000) (150,000) (280,000 $620,000 $550,000 $70,000 (180.000) 190.000 190.000 $440,000 $460,000 $120,000 If $50,000 of fixed costs will be eliminated by dropping the football helmets line,...
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...
Mid-Atlantic Yachts manufactures boats for seafarers. Its most
popular model can accommodate twelve people and sells for $865,000.
Manufacturing and other costs, all per unit, are as follows:
Mid-Atlantic has a constraint on how many yachts can be built in a
year, because yacht building is a highly skilled endeavor and
qualified machinists are difficult to find and retain. If the labor
rate is $90 per hour, what is the contribution margin on the yacht
per labor hour?
A :...
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