Reference no: EM132513378
Question - Pato Company produces leather sandals. The company employs a standard costing system and has the following standards in order to produce one pair of sandals:
|
|
standard quantity
|
standard price
|
|
direct materials
|
2 leather strips
|
?? per strip
|
|
direct labor
|
2.5 hours
|
$10 per hour
|
|
variable overhead
|
2.5 hours
|
?? per hour
|
During May, Pato purchased leather strips at a total cost of $124,520 and had direct labor totaling $117,100. During May, Pato used 18,790 leather strips in the production of sandals. Pato had no beginning inventories of any type for May. At May 31, Pato had 780 leather strips remaining in its direct materials inventory.
Pato Company reported the following variances for May:
Direct material price variance $7,100 unfavorable.
Direct labor rate variance $29,500 favorable.
Total direct labor variance $8,900 unfavorable.
Variable overhead spending variance $2,440 favorable.
Variable overhead efficiency variance $34,560 unfavorable.
Calculate the actual variable overhead cost incurred by Pato Company in May.
|
Find sky mountain adjusting entry four months later at dec
: Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a
|
|
Formula for addition of two velocities in special relativity
: Give the formula for the addition of two velocities in Special Relativity.
|
|
Distinction between void and voidable contract
: Explain the distinction between a void and a voidable contract; between an executed and an executory contract; between a unilateral and a bilateral contract.
|
|
How much work do the movers need to do o the piano
: 1. Two movers are pushing a 185 kg piano up a ramp into the back of a moving truck. The back of the truck is 1.3m high.
|
|
Calculate the actual variable overhead cost incurred by Pato
: During May, Pato purchased leather strips at a total cost of $124,520 and had direct labor totaling $117,100. Calculate actual variable overhead cost incurred
|
|
Find the journal entry to record the employees pay
: $14,000, and it withholds $2,100 for income taxes and $1,071 for FICA taxes, the journal entry to record the employees' pay should include a
|
|
Find a fuse that can handle
: If your car battery is a 12 V DC source. Typically you might find a fuse that can handle a 5 amp surge. What resistance is that fuse protecting?
|
|
What gain or loss did the trucking company record
: $1,286,000 recorded through the date of disposal. What gain or loss did the trucking company record when it sold the fleet of trucks?
|
|
Determine the sign and magnitude of charge on oil droplet
: An oil droplet is sprayed into a uniform electric field of adjustable magnitude. The 1.83x10-16 kg droplet hovers motionless when the electric field
|