Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—1 pound plastic at $6 per pound $ 6.00 Direct labor—2.50 hours at $12.05 per hour 30.13 Variable manufacturing overhead 18.75 Fixed manufacturing overhead 21.25 Total standard cost per unit $76.13 The predetermined manufacturing overhead rate is $16 per direct labor hour ($40.00 ÷ 2.50). It was computed from a master manufacturing overhead budget based on normal production of 12,750 direct labor hours (5,100 units) for the month. The master budget showed total variable costs of $95,625 ($7.50 per hour) and total fixed overhead costs of $108,375 ($8.50 per hour). Actual costs for October in producing 3,600 units were as follows. Direct materials (3,760 pounds) $ 22,936 Direct labor (8,870 hours) 108,658 Variable overhead 103,678 Fixed overhead 42,422 Total manufacturing costs $277,694 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (
a) Compute all of the materials and labor variances. (Round answers to 0 decimal places, e.g. 125.) Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ (b) Compute the total overhead variance.
Burt is the custodian at Quaker Inn, an S corporation that has paid him bonuses over the years in the form of shares in the corporation. Burt now holds 276 shares in Quaker Inn.
Will the company as a whole benefit if Division A purchases the units from the outside supplier for $100 per unit? Assume that there are no alternative uses for Division B's facilities.
Calculate the net capital gain (loss) for 2012. How is this reported on the 2012 Form 1120? - Calculate the amount of capital loss carryback (if any) to tax years 2008 through 2011 inclusive.
What is the present value of an investment which compounds annually at 10% and starts at $10,000/year and decreases by 8% per year for 10 years (starting with the second year)?
Prepare Gale Communications' cash budget for 2012. Will the budgeted level of cash receipts leave Gale with the desired ending cash balance of $78 million, or will the company need addi- tional financing? If so, how much?
Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of £400,000 on sales of £1,900,000. The company’s average operating assets f..
Decision #1: Which set of Cash Flows is worth more now? Assme that your grandmother wants to give you generous gift. She wants you to choose which one of the following sets of cash flows you would like to receive:
What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash?
If the interest rate is 5%, What is the present value of a security that pays you $1,050 next year and $1,102.50 two years from now? If this security sold for $2,200 is the yield to maturity greater or less than 5%? Why?
What is the difference between accounting and finance? What are the three steps in the finance cycle? List them in the proper sequence from beginning to end
Prepare an Income statement and Cash Flow Statement and determine the Present Worth and Internal Rate of Return of the proposal.
Assuming all of the containers produced by the bottle Division can be sold to outside companies, which of the following is the range at which a negotiated transfer price among the two divisions should occur?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd