inces A manufactured product has the following information for June. Direct materials Direct labor Overhead 6...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
inces A manufactured product has the following information for June. Direct materials Direct labor Overhead 6 lbs. 2 hrs. Standard $7 per lb. $15 per hr. 50,200 lbs. 16,300 hrs. $7.10 per lb. $15.50 per hr. 2 hrs. $11 per hr. Units manufactured $188,700 8,300 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance < Required 1 Actual inces A manufactured product has the following information for June. Direct materials Direct labor Overhead 6 lbs. 2 hrs. Standard $7 per lb. $15 per hr. 50,200 lbs. 16,300 hrs. $7.10 per lb. $15.50 per hr. 2 hrs. $11 per hr. Units manufactured $188,700 8,300 (1) Compute the standard cost per unit. (2) Compute the total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total cost variance for June. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Total cost variance < Required 1 Actual
Expert Answer:
Answer rating: 100% (QA)
answers 1 Direct materials 57 3500 Direct labor 215 3000 Overhead 211 ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A manufactured product has the following information for August. Compute the (1) Standard cost per unit, (2) Total budgeted cost for production in August, (3) Total cost variance for August. Indicate...
-
A manufactured product has the following information for June. Compute the (1) Standard cost per unit (2) Total cost variance for June. Indicate whether the cost variance is favorable or unfavorable....
-
The Cake Factory has the following information for the month of March. Prepare a (a) schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) prepare only...
-
The Eldorado Corporation's controller prepares adjusting entries only at the end of the fiscal year. The following adjusting entries were prepared on December 31, 2011: Additional information: 1. The...
-
Tompkins Financial Corporation, a multibank holding company headquartered in Ithaca, New York, reported the following changes in the companys Allowance for Loan and Lease Losses account as of...
-
You buy a six-year, 8 percent savings certificate for $10,000. If the interest is compounded semiannually , what will be its value at maturity? Explain the effect that causes the ending balance to...
-
Discuss each of the theoretical change models introduced in this chapter. How can we use them when planning an HRIS implementation to increase our chances of success?
-
Consider each of the following independent cases. Required: 1. Hals Stunt Company is investing $120,000 in a project that will yield a uniform series of cash inflows over the next four years. If the...
-
Seidner Company had the following account balances at the end of the first year of operations: Revenues $102,000 Salaries Expense $18,000 Dividends $13,000 Utilities Expense $12,000 Advertising...
-
What does the following SystemVerilog statement do? result = | (data[15:0] & 16'hC820);
-
The AFN equation assumes that the proportions remain constant. However, companies do not always operate at full capacity, so adjustments to the existing asset forecast are necessary. Excess capacity...
-
JR Computers, a firm that manufactures and sells personal computers is an all- equity firm with 100,000 shares outstanding, $10 million in earnings after taxes and a market value of $ 150 million....
-
VIA Properly designed and utilized forms facilitate adherence to prescribed internal accounting control policies and procedures. One such form might be a multicopy purchase order, with one copy...
-
Explain how you may apply economic concepts when managing a business/enterprise by answering the questions What are the demand drivers of the product of interest? What are the supply drivers?...
-
3. Consider the Allen and Gale model of contagion, where the storage asset allows the costless transfer of one unit from one time period to another and the illiquid asset pays out R = 2 in period 2...
-
D Final Exam - Requires Respondus Lock Down Browser + Webcam Page 1: Page 2: Cash The 2021 financial statements of Canbuild Inc. are presented below (unit measure in thousand). 2021 2020 Accounts...
-
Your company has $1 million in free cash flows and is trying to determine how to allocate that capital between organic growth, dividends, and share buybacks. It has the opportunity to engage in...
-
On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...
-
Comparative figures for Samsung, Apple, and Google follow. Required 1. Compute total asset turnover for the most recent two years for Samsung using the data shown. 2. Is Samsungs asset turnover on a...
-
No-Toxic-Toys currently has $200,000 of equity and is planning an $80,000 expansion to meet increasing demand for its product. The company currently earns $50,000 in net income, and the expansion...
-
Determine whether each cash receipts procedure is an internal control strength or weakness. 1. If a salesclerk makes an error in recording a cash sale, she can access the registers electronic record...
-
Sustainability involves more than just the impact of actions on the environment. The triple bottom line recognizes that a company has to measure its impact on its triple bottom line for its long-term...
-
Bryan Haas has his own electronics retail chain, TechnoGeek. His stores sell computer parts, audiovisual equipment, consumer electronics, and related items. Custom computer building and electronics...
-
Sustainability involves more than just the impact of actions on the environment. The triple bottom line recognizes that a company has to measure its impact on its triple bottom line for its long-term...
Study smarter with the SolutionInn App