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The actual fixed factory overhead was as budgeted. During January, the Weaving Department had standard hours at actual production volume of 31,000 hours.
Compute and compare the actual overhead cost per unit with the expected overhead cost per unit.
What were the standard machine-hours allowed for the actual production?
Calculate the company's direct materials price and quantity variances for carpeting for April.
Diane Buswell examined some of the accounting records and reported that Current Designs purchased 1,200 pounds of pellets for this order at a total cost .
Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process.
Assume that the purchasing agent for the small motors plant purchased a lower-quality raw material from a new supplier.
The materials cost variance report for Nickols Inc. indicates a large favorable materials price variance and a significant unfavorable materials quantity .
Calculate the four conversion cost variances assuming that variable and fixed costs are separated.
The predetermined overhead rate is $22.00 per direct labor hour. During July, the company incurred 4,100 hours of direct labor at an average rate of $14.30.
The standard operating capacity of Tecate Manufacturing Co. is 1,000 units. A detailed study of the manufacturing data relating to standard production cost.
Calculate the labor rate variances and labor efficiency variances for cutting labor and for installation labor for the past six months.
Discuss how the inventory of a merchandising company differs from that of a manufacturing company. What are the two inventory Control Systems.
Where in the corporate, not for profit, areas would cost accountants work and what types of work would they do?
Surgical Products produces latex surgical gloves. Machines perform the majority of the processing for 1,000 pairs of gloves per hour.
What is the expected capacity per month in units and machine hours?
Compute the fixed overhead spending and volume variances. Interpret the volume variance.
Explain why the quantity variance is more useful for control purposes than the price variance.
What direct labor cost should have been incurred to make 20,000 units of the Jogging Mate? By how much does this differ from the cost that was incurred?
Amin Corp.'s standard costs for labor and overhead were set at the beginning of 2010 and have remained constant through the year .
In October, Edina manufactured 11,800 units using 40,800 machine hours. October variable overhead costs were $171,000,fixed overhead costs were $284,500.
They are particularly popular for conference rooms in educational institutions and executive offices of large corporations.
If an oil change took 1.5 hours at the standard hourly rate, what was the direct labor quantity variance?
Using separate overhead rates, calculate overhead variances using the four-variance approach.
What additional information about the manufacturing overhead variances is gained by inserting detailed computations into the variable and fixed manufacturing.