Homework Answers
Option C is Correct
Total Fixed Overhead Volume Variance is not the Flexible Budget variance
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This Question:2 pts 19 of 49 (0 complete) ? his Test 150p Which of the following...
This Question: 2 pts | 21 of 49 (0 complete) ? ? his Test When the...
This Question: 2 pts | 21 of 49 (0 complete) ? ? his Test When the sales price per unit decreases, the breakeven point O A. decreases proportionately OB, increases O C. decreases 0 D. remains the same
his Question: 3 pts 13 of 49 (0 complete) ? This Test: 150 Pearl Inc has...
his Question: 3 pts 13 of 49 (0 complete) ? This Test: 150 Pearl Inc has prepared the operating budget for the first quarter of the year. The company forecast sales of $40,000.00 in January 550,000.00 in February, and $60,000.00 in March. Variable and fixed selling and administrative expenses are as follows: Variable Expenses Power cost (20% of sales) Miscellaneous expenses (10% of sales) Fixed Expenses Salaries expense $10,000.00 per month Rent expense: $4,000.00 per month Depreciation expense: $1,000.00 per...
This Question: 5 pts 34 of 49 (0 complete) ? his Test 150 pts po.. Awanita...
This Question: 5 pts 34 of 49 (0 complete) ? his Test 150 pts po.. Awanita Enterprises sells computer flash drives for $3.16 per unit. Unit variable cost is $0.06. The breakeven point in units is 3,600, and expected sales in units are 4,300. What is the margin of safety in dollars? OA. S2212 OB. $11,376 O C. $2,170 O D. $42
This Question: 47 of 49 (0 complete) his Test: 150 pt The cash budget and the...
This Question: 47 of 49 (0 complete) his Test: 150 pt The cash budget and the budgeted financial statements are collectively known as the O A. master budget B. financial budget O C. production budget O D. operating budget
Complete the table below for the missing variances Click the icon to view the table.) Calculate...
Complete the table below for the missing variances Click the icon to view the table.) Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U) (b) Total Direct Materials Variance (c) Total Direct Labor Variance (e) Total Variable Overhead Variance (f) Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance (a) Total Flexible Budget Product Cost Variance 19 of 40 (16 complete) This Data Table Total Manufacturing Overhead Variance Total Direct Materials Variance (b) Direct Materials...
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance...
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance (0) Total Direct Labor Variance (c) Direct Labor Direct Labor Cost Variance Efficiency Variance $ 180 U $ 305 F (b) Direct Materials Efficiency Variance $ 145 U Direct Materials Cost Variance $ 520 F Total Variable Overhead Variance Total Fixed Overhead Variant Fixed Overhead (e) Variable Overhead Cost Variance 5750 Variable Overhead Efficiency Variance $ 600 F Cost Variance $ 125 F Print...
Homework: Ch 23 Probl Save Score: 0 of 8 pts 1 of 1 (0 complete) HW...
Homework: Ch 23 Probl Save Score: 0 of 8 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 8 pts E23-20 (book/static) Question Help Mason Fender uses a standard cost system and provide the following information: (Click the icon to view the information.) Mason Fender allocates manufacturing overhead to production based on standard direct labor hours. Mason Fender reported the following actual results for 2018: actual number of fenders produced, 20,000; actual variable overhead, $5,350; actual fixed overhead....
Input Cost per Output Unit Direct materials 2 lbs. at $6 per lb. $12.00 Direct manufacturing...
Input
Cost per Output Unit
Direct materials
2 lbs. at $6 per lb.
$12.00
Direct manufacturing labor
7 hrs. at $18 per hr.
126.00
Manufacturing overhead:
Variable
$7 per DLH
49.00
Fixed
$9 per DLH
63.00
Standard manufacturing cost per output unit
$250.00
The denominator level for total manufacturing overhead per month
in 2014 is 38,000 direct manufacturing labor-hours.
Barrett's flexible budget for January 2014 was based on this
denominator level. The records for January indicated the
following:
Direct materials...
Required information [The following information applies to the questions displayed below.) Antuan Company set the following...
Required information [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $10.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $ 20.00 18.00 33.30 $71.30 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per...
Problem 11-49 Complete Analysis of Cost Variances; Review of Chapters 10 and 11 (LO 11-5) Chillco...
Problem 11-49 Complete Analysis of Cost Variances; Review of Chapters 10 and 11 (LO 11-5) Chillco Corporation produces containers of frozen food. During April, Chillco produced 760 cases of food and incurred the following actual costs. Book Variable overhead Fixed overhead Actual labor cont (5.000 direct-labor hours) Retual material cost (20.000 pounds purchased and used) Herences $ 6,400 21,300 87,500 66,000 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget Information...
This Question: 2 pts | 21 of 49 (0 complete) ? ? his Test When the sales price per unit decreases, the breakeven point O A. decreases proportionately OB, increases O C. decreases 0 D. remains the same
his Question: 3 pts 13 of 49 (0 complete) ? This Test: 150 Pearl Inc has prepared the operating budget for the first quarter of the year. The company forecast sales of $40,000.00 in January 550,000.00 in February, and $60,000.00 in March. Variable and fixed selling and administrative expenses are as follows: Variable Expenses Power cost (20% of sales) Miscellaneous expenses (10% of sales) Fixed Expenses Salaries expense $10,000.00 per month Rent expense: $4,000.00 per month Depreciation expense: $1,000.00 per...
This Question: 5 pts 34 of 49 (0 complete) ? his Test 150 pts po.. Awanita Enterprises sells computer flash drives for $3.16 per unit. Unit variable cost is $0.06. The breakeven point in units is 3,600, and expected sales in units are 4,300. What is the margin of safety in dollars? OA. S2212 OB. $11,376 O C. $2,170 O D. $42
This Question: 47 of 49 (0 complete) his Test: 150 pt The cash budget and the budgeted financial statements are collectively known as the O A. master budget B. financial budget O C. production budget O D. operating budget
Complete the table below for the missing variances Click the icon to view the table.) Calculate the variances and identify whether the variance is favorable (F) or unfavorable (U) (b) Total Direct Materials Variance (c) Total Direct Labor Variance (e) Total Variable Overhead Variance (f) Total Fixed Overhead Variance (d) Total Manufacturing Overhead Variance (a) Total Flexible Budget Product Cost Variance 19 of 40 (16 complete) This Data Table Total Manufacturing Overhead Variance Total Direct Materials Variance (b) Direct Materials...
Data Table Total Flexible Budget Product Cost Variance Total Direct Materials Variance Total Manufacturing Overhead Variance (0) Total Direct Labor Variance (c) Direct Labor Direct Labor Cost Variance Efficiency Variance $ 180 U $ 305 F (b) Direct Materials Efficiency Variance $ 145 U Direct Materials Cost Variance $ 520 F Total Variable Overhead Variance Total Fixed Overhead Variant Fixed Overhead (e) Variable Overhead Cost Variance 5750 Variable Overhead Efficiency Variance $ 600 F Cost Variance $ 125 F Print...
Homework: Ch 23 Probl Save Score: 0 of 8 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 8 pts E23-20 (book/static) Question Help Mason Fender uses a standard cost system and provide the following information: (Click the icon to view the information.) Mason Fender allocates manufacturing overhead to production based on standard direct labor hours. Mason Fender reported the following actual results for 2018: actual number of fenders produced, 20,000; actual variable overhead, $5,350; actual fixed overhead....
Input
Cost per Output Unit
Direct materials
2 lbs. at $6 per lb.
$12.00
Direct manufacturing labor
7 hrs. at $18 per hr.
126.00
Manufacturing overhead:
Variable
$7 per DLH
49.00
Fixed
$9 per DLH
63.00
Standard manufacturing cost per output unit
$250.00
The denominator level for total manufacturing overhead per month
in 2014 is 38,000 direct manufacturing labor-hours.
Barrett's flexible budget for January 2014 was based on this
denominator level. The records for January indicated the
following:
Direct materials...
Required information [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $10.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $ 20.00 18.00 33.30 $71.30 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per...
Problem 11-49 Complete Analysis of Cost Variances; Review of Chapters 10 and 11 (LO 11-5) Chillco Corporation produces containers of frozen food. During April, Chillco produced 760 cases of food and incurred the following actual costs. Book Variable overhead Fixed overhead Actual labor cont (5.000 direct-labor hours) Retual material cost (20.000 pounds purchased and used) Herences $ 6,400 21,300 87,500 66,000 Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget Information...
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