Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Question 5 Crede Manufacturing Company uses a standard cost accounting system. In 2020, 29,000 units were...
Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,500 units. Each...
Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $5,252 favorable, what...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) If the materials price variance was $5,232 favorable,...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,400 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 50,300 direct labor hours. During the year, 130,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. (d) X Your answer is incorrect. Try again. If...
Soriano Manufacturing Company uses a standard cost accounting system to account for the manufacturing of exhaust...
Soriano Manufacturing Company uses a standard cost accounting system to account for the manufacturing of exhaust fans. In July 2020, it accumulates the following data for 1,500 units started and finished: Cost and Production Data Actual Standard Raw materials Units purchased 21,000 Units used 21,000 22,000 Unit cost $3.40 $3.00 Direct labour Hours worked 3,450 3,600 Hourly rate $11.80 $12.50 Manufacturing overhead Incurred $101,500 Applied $108,000 Manufacturing overhead was applied based on direct labour hours. Normal capacity for the month...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 27,600 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 130,800 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price...
Concita Ltd. uses a standard cost system and sets predetermined overhead rates on the basis of...
Concita Ltd. uses a standard cost system and sets predetermined overhead rates on the basis of direct labour hours. The company's budget indicates the following data for the current year. Denominator activity Variable manufacturing overhead (10,000 direct labour hours @$3.42) Fixed manufacturing overhead cost Predetermined overhead rate ($104,200 10,000 direct labour hours) 5,000 units $34,200 $70,000 $10.42 The standard cost card for the company's only product is given below: Standard Quantity Standard price Standard cost or hours Per Unit or...
CALCULATOR PRINTER VERSION BACK Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting...
CALCULATOR PRINTER VERSION BACK Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) x Your answer is...
Question 3: Variance Analysis (20 marks in total) You have introduced a standard cost accounting system...
Question 3: Variance Analysis (20 marks in total) You have introduced a standard cost accounting system for FOL. The following standard costs have been developed for the Cattle drench. Direct materials (1 kilogram) $ 20 Direct Labour (.25 hours) $ 15 Overhead (DLH basis) $ 3 $ 38 Production and cost information for May was: Actual direct material purchased 1200 kilograms Actual direct materials issued 900 kilograms Actual output 800 kilograms Actual cost of materials purchased $ 25,500 Actual direct...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndar...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
The following data for a pottery company pertain to the production of 2,000 clay pots during...
The following data for a pottery company pertain to the production of 2,000 clay pots during July. Direct Materials (all materials purchased were used): Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Actual labour was 972 hours What is the standard direct material...
Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) Your answer is correct. If the materials price variance was $5,252 favorable, what...
Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,400 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 50,300 direct labor hours. During the year, 130,700 pounds of raw materials were purchased at $0.95 per pound. All materials purchased were used during the year. (d) X Your answer is incorrect. Try again. If...
Concita Ltd. uses a standard cost system and sets predetermined overhead rates on the basis of direct labour hours. The company's budget indicates the following data for the current year. Denominator activity Variable manufacturing overhead (10,000 direct labour hours @$3.42) Fixed manufacturing overhead cost Predetermined overhead rate ($104,200 10,000 direct labour hours) 5,000 units $34,200 $70,000 $10.42 The standard cost card for the company's only product is given below: Standard Quantity Standard price Standard cost or hours Per Unit or...
CALCULATOR PRINTER VERSION BACK Problem 23-4A (Part Level Submission) Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,500 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,300 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year. (a) x Your answer is...
tem. In 2020, the company produced 27,900 units. Each unit took several pounds of direct materials ndard hourly rate of $13.00. Normal capacity was 49,700 direct labor hours. During the year, 1.30.300 pounds and 1.6 standard hours of direct labor at a purchased at $0.93 per pound. All materials purchased were used during the year What was the standard cost per unit of product? (Round answer to 2 decimal places, e-g. 2.75. $ Standard cost per unit If the 2.75.)...
The following data for a pottery company pertain to the production of 2,000 clay pots during July. Direct Materials (all materials purchased were used): Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Actual labour was 972 hours What is the standard direct material...
Most questions answered within 3 hours.
-
If you were conducting a study involving twins regarding
genetics and/or upbringing, which would you use?...
asked 7 minutes ago -
Part 1- Inventory: You own a toy company and
you are producing wooden rocking horses. Assume...
asked 15 minutes ago -
What is aromaticity?
Identify aromatic molecules, especially those containing O, N,
S and B
asked 18 minutes ago -
A rubber solid circular wheel of uniform density spins about it
axis at rate of 60...
asked 30 minutes ago -
DNA evidence from an early human skeleton in Britain, shows that
early inhabitants of were blue...
asked 21 minutes ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 29 minutes ago -
To practice Problem-Solving Strategy 19.1 Work in Ideal-gas
Processes.
A cylinder with initial volume V contains...
asked 38 minutes ago -
Depreciation for Partial Periods Bean Delivery Company purchased
a new delivery truck for $35,400 on April...
asked 42 minutes ago -
Q 5.23:
Jonathan has been doing calculations to determine a missing
component. So far he has...
asked 40 minutes ago -
Use indifference curve and the daily income-leisure choice model
to explain graphically the behavior of employees...
asked 1 hour ago -
Record the following transactions of Fashion Park in a
general journal. Fashion Park must charge 8...
asked 1 hour ago -
Chapter 08 Python Assignment: Question 1-5
Please I need help in my python course.
Question 1...
asked 1 hour ago