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Compute the January 2009 price and efficiency variances of direct materials and direct manufacturing labor.
Peterson Foods manufactures pumpkin scones. For January 2009, it budgeted to purchase and use 15000 pounds of pumpkin at $0.89 a pound.
Calculate the fixed overhead spending variance and indicate whether it is favorable or unfavorable .
If the production budget calls for Purity to produce 1,300,000 four-gallon containers during 2010, what is the beginning inventory of four-gallon containers.
The Suzuki Co. in Japan has a division that manufactures two-wheel motorcycles. Its budgeted sales for Model G in 2010 are 900,000 units.
The Mendez Company expects sales in 2010 of 200,000 units of serving' trays, Mendez's beginning inventory for 2010 is 15,000 trays.
Prepare a 2010 sales budget for McGrath & Sons assuming that McGrath holds prices at 2009 levels.
Compute the sales price variance and the labor efficiency variance for each labor type.
The production budget is 200,000 units. Inventories are expected to increase by 20,000 units.
Determine the company's production requirements for each month of the first quarter of 2011.
Shredder will begin January with no Work in Process or Finished Goods Inventory. Inventory policy for these two accounts is set at zero .
Sales of 1,500,000 units are budgeted for March. The expected total market for this product was 7,500,000 diskettes.
The sales budget is usually the first and most crucial of the component budgets in a master budget because all other budgets usually rely on it for planning.
The Sudbury, South Carolina, plant of Saldanha Sports Company has the standards for its soccer ball production.
Identify at least three external factors that must be considered when setting the sales budget.
For direct materials used in the production of Robot Ranger, compute the direct material price variance and the direct material quantity variance.
Using the information, compute the number of units to be produced.
Compute the flexible-budget variance, the spending variance, and the efficiency variance for variable manufacturing overhead.
Assume that the materials used on this job were purchased from a new supplier. Would you recommend continuing with this new supplier? Why or why not?
The job required 2,800 ounces of raw material costing $5,880. An unfavorable labor rate variance of $250 and a favorable labor efficiency variance of $100.
What information, in addition to that provided in the income statements, would you want Stevie to gather, if you wanted to improve operational efficiency?
Discuss the most appropriate method for allocating the manufacturing overhead. How would different allocation methods affect the bottom line for your division?
How many units of the product or service do you anticipate being able to sell over the first year?
Prepare an appropriations, expenditures and encumbrances ledger for the police department for the month of July.
If Salado's May 1, 2010, cash balance is $23,000, what is the company's budgeted May 31, 2010, cash balance?