Question: You consult for Java Manufacturing which provides the following information and asks you to calculate variances: Standard Costs Mugs Produced: 60,000 Direct Materials (0.3 lbs

You consult for Java Manufacturing which provides the following information and asks you to calculate variances: Standard Costs Mugs Produced: 60,000 Direct Materials (0.3 lbs @ $0.20 per lb) $ 0. 0 6 Direct Labor (3 minutes @ $0.10 per minute) 0.3 Actual costs Mugs Produced: 65,000 Actual material usage 15,000 Actual material cost $.18 per lb Actual labor usage 223,000 minutes Actual labor cost 18,000 Calculate the following variances (6 points): Direct Material cost: Direct Labor cost: Direct Materials efficiency: Direct Labor efficiency:Brenton manufacturing is considering 3 separate projects. Their CFO has prepared the following schedule but had to leave for an emergency and asked you to complete it for a Board presentation tomorrow: Option 1 Option 2 Option 3 Present value of net cash inflows $1 ,655, 736 $2 ,046, 654 $2 ,281, 079 Initial Investment -1,599,736 -1,990,474 -2,200,121 NPV $5 6,00 0 $5 6,18 0 $8 0,95 8 Calculate the Profitability index for each option. (6 pts) Option 1: Option 2: Option 3

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Please process at your earliest convenience. I have enclosed the attached document and other required documents. Thank you for your help! Consider how Kyler Valley Spring Park Lodge could use capital...

Hi there I need help answering ASSIGNMENT 1 ONLY by Friday afternoon. I have attached the study pack to help answer the question. Thanks! FIN4802 ASSIGNMENTS ASSIGNMENT 01 Due date: 13 May 2016...

Managers are considering dropping a premium product line after a series of losses. Assume that dropping the premium line would not save anything in fixed manufacturing costs. Based on the information...

The September 30, 2018, adjusted trial balance of Buzzy?s, Inc., is shown next. Requirements 1. Prepare the September closing entries for Buzzy?s, Inc. 2. Calculate the ending balance in Retained...

A hypodermic syringe contains a medicine with the density of water (Figure P14.53). The barrel of the syringe has a cross-sectional area A = 2.50 X 105 m2, and the needle has a cross-sectional area a...

Solar Hydro manufactures a revolutionary aeration system that combines coarse and fine bubble aeration components. This year (year 1) the cost for check valve components is $9,000. Based on closure...

In your opinion, how much continuing education should licensed clinical psychologists be required to undergo? What forms should this continuing education take (workshops, courses, readings, etc.)?

Fawn Corporation, a C corporation, paid no dividends and recognized no capital gains or losses in the current year. What is its income tax liability assuming its taxable income for the year is a....

Just need the answer, Imagination Dragons Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 30-year zero coupon bonds with a par value of $1,000 each to raise...

Question in Chemical Engineering Please Give Correct answer im preparing please otherwise I will dislike 1 9 5

Provide a complete solution to each question. Explain your idea using proper terminology. A motorist drives along a highway at an average speed of 124 km/h. The speed limit is 100 km/h. (a) If the...

Maxwells equations show that a. Electromagnetic waves move at the speed of light b. The fabric of space is curves by masses c. Force is mass times acceleration d. Regardless of the mass, all object...

On January 1 , 2 0 1 8 , Princess Corporation leased equipment to King Company. The lease term is ten years. The first payment of $ 8 0 0 , 0 0 0 was made on January 1 , 2 0 1 8 . The equipment cost...

Lucia has a bank account at First Street Bank. She received Form 1099-INT, Interest Income, shown below. She has no other interest or dividends to report. How should this income be reported on...

Use Exhibit 1. Which of the following statements is (are) correct? Exhibit 1 Production Possibilities Trucks Cars 1,000 0 800 1,600 500 2,700 0 3,500 x The opportunity cost of the first 500 trucks is...

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: What is the total period cost for the month under the absorption...

Compare and contrast licensing and subcontracting.

61. The Internet. The NAEP report described in Exercise 59 compared science scores for students who had home Internet access with the scores of those who did not, as shown in the graph. They report...

60. Credit card debt. The average household credit card debt has been reported to be between $8000 and $10,000. Often of interest is the average credit card debt carried by college students. In 2008,...

62. Credit card debt public or private. The average credit card debt carried by college students was compared at public versus private universities. It was reported that a significant difference...