Q5: Table Manufacturing Company produces one style of tables. The following data pertain to producing one...
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Q5: Table Manufacturing Company produces one style of tables. |
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The following data pertain to producing one table |
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Planned production/month |
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units (one unit = one table) |
20 |
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A piece of woods (M) |
20 |
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Estimated M price |
$10 |
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Actual production |
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Quantity purchased (QP) from M |
22 |
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Actual price (AP) |
$9.5 |
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Material variances? |
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Q6: Given the following data to calculate variable overhead variances |
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Actual inputs |
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Actual hours |
200 |
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Actual rate |
$12.00 |
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Standards |
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Standards hours |
190 |
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Standard rate |
$10.00 |
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Find the budget variance and efficiency variance for variable overhead |
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What actual rate would make the total variable overhead equal to zero |
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Q5: Table Manufacturing Company produces one style of
tables.
The following data pertain to producing one...
Table Manufacturing Company produces one style of tables. the following data pertain to producing one table...
Table Manufacturing Company produces one style of tables. the following data pertain to producing one table Planned production/month ? units (one table) 50 Piece of woods (M) 20 Estimated M price $20 Actual production ? Quantity purchased (QP) from M 19 Actual price (AP) $21 Material?volume (efficiency)?variance? ? $19, Favorable $19, Unfavorable $20, Favorable $20, Unfavorable Given: Total direct material variance $200 favorable (F), Direct material price variance $900 unfavorable (UF), Standard price $10 Standard quantities 750 Find actual price...
6. Table Manufacturing Company produces one style of tables. The following data pertain to producing one...
6. Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production per month Units (one table) 100 Place of woods (M) 20 Estimated M price $30 Actual production Quality purchased (QP) 18 Actual Price (AP) $34 The calculated material quality (volume) variance is 72 fav 72 unfav 60 fav 60 unfav 12 fav 12 u
Table Manufacturing Company produce one style of tables. The following data pertain to producing one table....
Table Manufacturing Company produce one style of tables. The following data pertain to producing one table. Planned production per month: Units (one table) = 100 Piece of Woods = 20 Estimate M price = $30 Actual production Quantity purchased (QP) = 18 Actual Price (AP) = $34 The calculated material quantity (volume) variance is: a. 72 Favorable b. 72 Unfavorable c. 60 Favorable d. 60 Unfavorable e. 12 Favorable f. 12 Unfavorable
Table Manufacturing Company produces one style of tables. the following data pertain to producing one table...
Table Manufacturing Company produces one style of tables. the following data pertain to producing one table Planned production/month ? units (one table) 50 Piece of woods (M) 20 Estimated M price $20 Actual production ? Quantity purchased (QP) from M 19 Actual price (AP) $21 Material price variance? ? $19, Favorable $19, Unfavorable $20, Favorable $20, Unfavorable Given for XM Company the following data for January 20X1. Direct material purchased and used in production accounted for $100,000 Units purchased 10,000...
estion 15 Table Manufacturing Company produce one style of tables. the following data pertain to producing...
estion 15 Table Manufacturing Company produce one style of tables. the following data pertain to producing one table Planned production per month Units (one table) 100 Piece of woods (M) 20 Estimated M price $30 Actual production Quantity purchased (QP) 18 $34 Actual price (AP) The calculated total material variance is 1.72 Favorable 2.72 Unfavorable 3.60 Favorable 4.60 Unfavorable 5.12 Favorable 6.12 Unfavorable A Moving to another question will save this me
> as Moving to another question will save this response. Question 7 Table Manufacturing Company produces...
> as Moving to another question will save this response. Question 7 Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production/month units (one table) Piece of woods (M) Estimated M price Actual production Quantity purchased (QP) Find actual price (AP) 90 20 540 Assuming that the manager wants the total material variance Less than $30 Between $30 and $33 Between $34 and $35 More than $36 à Moving to another question...
Variance means a. difference between standard or applied amount and actual amount b. actual costs less...
Variance means a. difference between standard or applied amount and actual amount b. actual costs less actual rates c. standard costs less standard rates d. square root of standard deviation 2. Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production/month units (one table) 90 Piece of woods (M) 20 Estimated M price $40 Actual production Quantity purchased (QP) 22 Find actual price (AP) x Assuming that the manager wants the total...
A manufacturing company that has only one product has established the following standards for its variable...
A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 5.00 DLHs Standard variable overhead rate $ 11.63 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 8,500 DLHs Actual total variable manufacturing overhead cost $ 95,970 Actual output 1,600 units What is the variable overhead efficiency variance for...
The following standards for variable manufacturing overhead have been established for a company that makes only...
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output..... Standard variable overhead rate.. 5.6 hours $12.00 per hour The following data pertain to operations for the last month: Actual hours. Actual total variable manufacturing overhead cost Actual output.. 2,600 hours $31,330 400 units What is the variable overhead rate variance for the month?
The following direct materials and direct labor data pertain to the operations of Laurel Company for...
The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $12 per hour Actual materials price $190 per ton Standard labor rate $11.50 per hour Standard materials price $193 per ton Quantities Actual hours incurred and used 4,100 hours Actual quantity of materials purchased and used 1,500 tons Standard hours used 4,140 hours Standard quantity of materials used 1,490 tons (a) Compute the total, price, and...
estion 15 Table Manufacturing Company produce one style of tables. the following data pertain to producing one table Planned production per month Units (one table) 100 Piece of woods (M) 20 Estimated M price $30 Actual production Quantity purchased (QP) 18 $34 Actual price (AP) The calculated total material variance is 1.72 Favorable 2.72 Unfavorable 3.60 Favorable 4.60 Unfavorable 5.12 Favorable 6.12 Unfavorable A Moving to another question will save this me
> as Moving to another question will save this response. Question 7 Table Manufacturing Company produces one style of tables. The following data pertain to producing one table Planned production/month units (one table) Piece of woods (M) Estimated M price Actual production Quantity purchased (QP) Find actual price (AP) 90 20 540 Assuming that the manager wants the total material variance Less than $30 Between $30 and $33 Between $34 and $35 More than $36 à Moving to another question...
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output..... Standard variable overhead rate.. 5.6 hours $12.00 per hour The following data pertain to operations for the last month: Actual hours. Actual total variable manufacturing overhead cost Actual output.. 2,600 hours $31,330 400 units What is the variable overhead rate variance for the month?
The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $12 per hour Actual materials price $190 per ton Standard labor rate $11.50 per hour Standard materials price $193 per ton Quantities Actual hours incurred and used 4,100 hours Actual quantity of materials purchased and used 1,500 tons Standard hours used 4,140 hours Standard quantity of materials used 1,490 tons (a) Compute the total, price, and...
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