Business, 28.01.2020 19:47 20brooklyn22
Preble company manufactures one product. its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:
direct materials: 4 pounds at $9 per pound, $ 36
direct labor: 3 hours at $15 per hour, 45
variable overhead: 3 hours at $6 per hour, 18
total standard cost per unit: $ 99
the planning budget for march was based on producing and selling 26,000 units. however, during march the company actually produced and sold 31,000 units and incurred the following costs:
purchased 155,000 pounds of raw materials at a cost of $7.20 per pound.
a. all of this material was used in production.
b. direct laborers worked 56,000 hours at a rate of $16 per hour.
c. total variable manufacturing overhead for the month was $524,720.
required:
(1) what raw materials cost would be included in the company’s planning budget for march?
(2) what raw materials cost would be included in the company's flexible budget for march?
(3) what is the materials price variance for march?
(4) what is the materials quantity variance for march?
Answers: 3
Business, 22.06.2019 23:10
R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.
Answers: 3
Business, 22.06.2019 23:30
As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.
Answers: 2
Business, 23.06.2019 02:50
Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
Answers: 1
Preble company manufactures one product. its variable manufacturing overhead is applied to productio...
Biology, 06.03.2021 04:00
Social Studies, 06.03.2021 04:00
Spanish, 06.03.2021 04:00
Biology, 06.03.2021 04:00
English, 06.03.2021 04:00
Mathematics, 06.03.2021 04:00
Mathematics, 06.03.2021 04:00