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!
The following information is to be used for the next three questions:
Downward Inc. manufactures and sells a product, Z30. The per unit standards for the direct costs of product Z30 are as follows:
During the year, Downward Inc. purchased and used 18,000 kg of material at a total cost of $193,500 to manufacture 5,000 units of Z30. This required 2,300 direct labour hours at a total cost of $87,400.
1.What is the price variance for direct materials?
a.$8,100 unfavourable
b.$4,500 unfavourable
c.$12,600 favourable
d.None of the above
2.The labour efficiency variance for the year is:
a.$6,900 favourable
b.$31,400 favourable
c.$17,600 favourable
d. $24,500 favourable
3.A customer asks Downward to bid for an order of 900 units of Z30. Downward applies manufacturing support costs at rate of 120% of the direct labour cost and applies a markup of 60% of direct costs. Assuming Downward does not know what the actual costs are going to be, Downward's bid for the total order would be:
a. $103,320
b.$116,928
c. $84,420
d.$98,028
Calculate the following. The unit cost of ending inventory on the balance sheet prepared for stockholders. The unit cost of ending inventory on a variable cost balance sheet.
describe the design tests of controls substantive tests of transactions and analytical procedures for the warehousing
Prepare your retirement plan for Client Expected rate of return on retirement savings
Write a memo to the company Chairperson identifying the internal Control weakness in this situation. State the steps to be taken to correct the weakness.
compute average number of shares outstanding for 2013. Compute the basic earnings per share for 2013. (Round to the nearest penny.)
calculate basic eps ringemup inc. had net income of 473400 for its fiscal year ended october 31 2009. during the year
Merchandise Inventory on account. All sales are recorded net of the 2% discount offered by the company. (Any discounts not eventually taken by the purchaser are recognized as interest income.) Shipping charges of $450 were paid by the purchaser..
Direct material $10 direct labor 20 variable manufacturing costs per unit 5 total variable manufacturing cost per unit $35 Fixed manufacturing overhead per year 100,00 Fixed selling and administrative expense per year $200,000
The focus of management accounting over time has changed. Which is the correct historical order for the foci
For each of the following accounts, state its normal balance (debit or credit) and its category on a company's classified financial statements as follows.
Bear population. To estimate the size of the bear population on the Keweenaw Peninsula, conservationists captured, tagged, and released 50 bears.
Assuming that the landfill is recorded within the general fund, illustrate what will appear on the fun-based financial statements for this landfill for the year ended December 31, 2010?
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