Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
The standard fixed overhead cost per unit is $0.50 per hour at 2,500 hours, which is 100% of normal capacity.
The standard price is $6.80 per pound. If 1,500 units required 6,400 pounds, which were purchased at $6.50 per pound.
The purchasing department normally buys the quantities of raw materials that are expected to be used in production each month.
Compute the materials and labor variances associated with the changeover activity, labeling each variance as favorable or unfavorable.
Determine the standard quantity of white chocolate for a dozen truffles.
Determine the standard quantity for each of the raw materials needed to produce an acceptable 10-liter batch of Nysap.
25,000 microns were purchased at a cost of $0.48 per micron. 5,000 of these microns were still in inventory at the end of the month.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workface is adjusted each quarter to match the number.
She says that favorable variances imply that employees are doing better than expected and need only quick congratulations.
Although the firm budgeted 100,000 units of output for June, it produced only 97,810. It purchased and used 200,000 pounds of materials for $105,500.
Propose an expense allocation system for heat, rent, insurance, and maintenance costs of the theater.
Should the labor variances be based on the planned volume of 100,000 swimsuits or on the actual volume of 102,000 swimsuits?
Kerensky Car Wash, Inc., expected to wash 1,000 cars during the month of August. Washing each car was expected to require 0.2 hours of labor.
What are the actual hours worked, rounded to the nearest hour?
How could rate variances occur even when binding commitments hold the dollar per hour rate constant?
Allocate the building rent cost to Miller's department in proportion to the relative market value of the floor space.
What are the allocated overhead cost and the total cost of this particular contract?
A computer company always sells the processing unit and monitor together as a bundled package.
The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight.
Compute the sales price variance and the sales volume variance for May 2009.
Explain to your roommate the meaning of sunk costs and their relevance to a decision to retain or replace equipment.
Compute the predetermined overhead rate at which manufacturing overhead costs will be applied to jobs.
Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes.
Redo the standard cost card in a clearer, more usable format by detailing the variable and fixed overhead cost elements.
Entrepreneur Chris Martin of Martin Guitar uses a costing system with standard costs for direct materials, direct labor, and overhead costs.