User Account

All Pages

Surgical products produces latex surgical gloves

Assignment Help Cost Accounting
Reference no: EM13538590

Surgical Products produces latex surgical gloves. Machines perform the majority of the processing for 1,000 pairs of gloves per hour. Each pair of gloves requires 0.85 square foot of latex, which has a standard price of $0.80 per square foot. Machine operators are considered direct labor and are paid $15 per hour.

During one week in May, Surgical Products produced 300,000 pairs of gloves and experienced a $1,440 unfavorable material quantity variance. The company had purchased 2,500 more square feet of material than had been used in production that week. The unfavorable material price variance for the week was $5,186. A $288 unfavorable total labor variance was generated based on 315 total actual labor hours to produce the gloves. Determine the following amounts:

a. Standard quantity of material for production achieved
b. Actual quantity of material used
c. Actual quantity of material purchased
d. Actual price of material purchased
e. Standard hours for actual production
f. Labor efficiency variance
g. Labor rate variance
h. Actual labor rate

Reference no: EM13538590

Questions Cloud

Evaluate the value of the second charge : The electric potential at a position located a distance of 19.5 mm from a positive point charge of 8.10x10-9C and 10.3 mm from a second point charge is 1.30kV
What is amount of goodwill resulting from acquisition : Determined that the inventory of Son had a fair value of $380,000 and the property and equipment (net) had a fair value of $1,120,000. What is the amount of goodwill resulting from the acquisition?
Calculate the distance each object will move : Two objects with masses of 3.80 kg and 5.40 kg are connected by a light string that passes over a frictionless pulley, Determine the distance each object will move in the first second of motion if both objects start from rest
Evaluate the value of kc for run : They obtained the following data for the concentrations of H2, I2 and HI at equilibrium in units of moles per liter. Calculate the value of Kc for each run.
Surgical products produces latex surgical gloves : Surgical Products produces latex surgical gloves. Machines perform the majority of the processing for 1,000 pairs of gloves per hour - Machine operators are considered direct labor and are paid $15 per hour.
Obtain the maximum velocity and maximum acceleration : For a simple harmonic oscillator with k= 4.0N/m and A=0.75 m, the time between maximum velocity and maximum acceleration is 2.50s. Find the maximum velocity and maximum acceleration
Tthe admission of upton to the partnership : Prepare the journal entry to record the admission of Upton to the partnership.
Business standpoint and from an accounting standpoint : Identify the elements that should be addressed in the partnership agreement both from a business standpoint and from an accounting standpoint.
Find the magnitude of the force exerted by the hail on roof : The hail comes straight down at a mass rate of m/?t=0.069 kg/s and an initial velocity of v0= -15 m/s. calculate the magnitude of the force exerted by the hail on the roof

Reviews

Write a Review

 

Cost Accounting Questions & Answers

  Determine the total amount of overhead charged

Determine the overhead rate for each of the three cost pools and determine the total amount of overhead charged to Product G.

  Nbsplampart co makes specialty table lamps manufacturing

nbsplampart co. makes specialty table lamps. manufacturing overhead is applied to production on a direct labor hours

  Evaluate flexible budget costs and flexible budget variances

Prepare a performance report for Peaceful using the headings -Actual Production Costs

  Prepare entry for this transaction

Interest is payable on November 1 st and May st. (Assume a 360 day year 30 day months) - Prepare the 09/21/08 entry for this transaction.

  Describe how you would deal with his ethical dilemma

What should John do? Describe how you would deal with his ethical dilemma (considering the IMA code of ethics in your response).

  Prepare the financial statements for the walt disney company

Prepare the 2009 financial statements for The Walt Disney Company on the Internet.

  What will annual dollar cash flows be

Given the currency scenario described above, what is the expected value of annual after-tax dollar cash flows assuming no repatriation of profits to the United States?

  Compute top notch incs tax liability

Top Notch pays New Zealand taxes of $114,000. Assuming a us tax rate of 35% compute Top Notch Inc's tax liability after any allowable foreign tax credits.

  Determining appropriate product costs is essential to report

Determining appropriate product costs is essential to reporting a reliable inventory valuation.

  How does the modified accrual basis of accounting

What are the three sections of a comprehensive annual financial report (CAFR)? What information is contained in each section? How do the minimum requirements for general purpose external financial reporting related in scope to the CAFR?

  In 2009 jed james began planting a vineyard the cost of the

in 2009 jed james began planting a vineyard. the cost of the land preparation labor rootstock and planting were

  Which plan would you expect to provide larger future amount

Before making any calculations, which plan would you expect to provide the larger future amount Calculate the future value of each plan. Which plan provides the larger amount at the end of six years "Future Value of Annuity of $1 at 10% for 6 years..

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd