Moms Apple Pie Company uses a standard cost system. The standard direct labor time for each pie
Question:
(Show calculations.)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
Direct labor efficiency variance sta...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Question Posted:
Students also viewed these Management Leadership questions
-
Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the companys budget for the current year: The standard...
-
Perry Manufacturing Company uses a standard cost system in its accounting records. The standard costs for its one product are as follows: Normal capacity is 2,000 direct labor hours per month....
-
Mankiw Company uses a standard cost system in its accounting for the manufacturing costs of its only product. The standard cost information for materials and labor is as follows: Direct materials: 5...
-
The unadjusted trial balance of Simple Consulting Services as at December 31, 2021 is as follows: Cash Accounts receivable Prepaid insurance Supplies inventory Office equipment Accumulated...
-
Acridine is a heterocyclic aromatic compound obtained from coal tar that is used in the synthesis of dyes. The molecular formula of acridine is C13H9N, and its ring system is analogous to that of...
-
Explain the concept of a relevant range.
-
Should a board member have personal liability insurance coverage?
-
Lena Kay and Kathy Lauder have a patent on a new line of cosmetics. They need additional capital to market the products, and they plan to incorporate the business. They are considering the capital...
-
Minimize and maximize these variables and these functions? This is a genetic multi-objective algorithm of a turbojet two spool afterburner engine. The idea is to see in 3D Pareto front maximizing...
-
A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....
-
Refer to Exhibit 14.8 and the accompanying discussion in the text. EXHIBIT 14.8 A Detailed Comparison of Actual Variable Costs and Flexible-Budget Variable Costs Demonstrate that the flexible-budget...
-
Refer to the data in 14-32 above. What was the direct labor rate (price) variance for the month? The data in 14-32, Moms Apple Pie Company uses a standard cost system. The standard direct labor time...
-
The administrative department of Tripp Consulting, LLC, provides office administration and professional support to its two operating departments. Annual administrative costs are $360,000. In 2013,...
-
The current requirement for the control circuit of a magnetic starter is normally much smaller than that required by the power circuit. Why?
-
A helium atom at 1 MeV is sent into iron. Assuming the electronic stopping cross section is a constant (88 10 -5 eV cm 2 ), what is the energy of the helium atom after it travels 500 nm? If the He...
-
What role do stakeholders play in a strategic approach to environmental problems? How can companies satisfy the interests of various stakeholders?
-
Explain how managers use planning techniques to evaluate opportunities and threats in the organization's environment and formulate the strategy?
-
In Cynthia Cooper's memoir and expose' of the accounting fraud that brought down the telecom company WorldCom, the following are players in the drama described in Ms. Cooper's book. Cynthia Cooper -...
-
In Problems 3142, calculate the definite integral by referring to the figure with the indicated areas. A b a B C d cD X Area A = 1.408 Area B = 2.475 Area C= 5.333 Area D = 1.792
-
Find the center of mass of a thin triangular plate bounded by the y-axis and the lines y = x and y = 2 - x if (x, y) = 6x + 3y + 3.
-
For each of the following cases, determine which would be the preferred macroeconomic model to analyze business fluctuations. a) Most wages are the result of collective bargaining and are therefore...
-
1. Patagonia has a history of putting sustainability ahead of profits. But it also has to face up to everyday business realities and the need for operating capital. How do you think the company...
-
Will a belief in cultural relativism create inevitable ethics problems for international business executives?
-
Are ethical dilemmas always problems, or can they be opportunities?
-
Exploring Variable Length Parameter Lists The file Parameters.java contains a program to test the variable length method average from Section 7.5 of the text. Note that average must be a static...
-
How would I write a test case for the following steps so that the test cases run properly @Test void dequeueItemsHasRightValuesAndSize() { Queue testQ = new Queue (); int result; enqueueValues(testQ,...
-
Analyse the quality of the Java codes below public static boolean leap(int y) { String tmp = String.valueOf(y); if (tmp.charAt(2) == '1' || tmp.charAt(2) == '3' || tmp.charAt(2) == 5 || tmp.charAt(2)...
Study smarter with the SolutionInn App