Business, 24.04.2020 18:10 davionb556

Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.05 feet of leather and predicts leather will cost $3.60 per foot. Suppose Perfect Pet made 55 collars during February. For these 55 collars, the company actually averaged 2.20 feet of leather per collar and paid $3.20 per foot.

Required:
1. Calculate the standard direct materials cost per unit. (Round your answer to 2 decimal places.)
Standard direct materials cost per unit:

2.
Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable.

3.
Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable.

4.
Calculate the direct materials price and quantity variances. (Round your intermediate calculations and final answers to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)

Direct materials Price Variance:

Direct Materials Quantity Variance:

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:30

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Answers: 1

Answer

Business, 22.06.2019 15:30

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

Answers: 2

Answer

Business, 22.06.2019 16:30

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?

Answers: 2

Answer

Business, 22.06.2019 22:00

What tax is paid by the most people in the united states

Answers: 1

Answer

You know the right answer?

Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to requ...

Questions