Reference no: EM131183874
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2014.
Costs and Production Data Actual Standard
Raw materials unit cost $2.25 $2.10
Raw materials units used 10,600 10,000
Direct labor payroll $120,960 $120,000
Direct labor hours worked 14,400 15,000
Manufacturing overhead incurred $189,500
Manufacturing overhead applied $189,000
Machine hours expected to be used at normal capacity 42,500
Budgeted fixed overhead for June $55,250
Variable overhead rate per machine hour $3.00
Fixed overhead rate per machine hour $1.30
Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000. Selling and administrative expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount used.
Instructions
(a) Compute all of the variances for (1) direct materials and (2) direct labor.
(b) Compute the total overhead variance.
(c) Prepare an income statement for management. (Ignore income taxes.)
Determining the temperature in the room
: You notice on the canister of the unknown gas that it occupies a volume of 0.4478 L at a temperature of 50 °C. You note the temperature in the room is 25 °C. Identify the gas.
|
Evaluate how the company identified in your research
: Next, evaluate how the company identified in your research can use the cash flow statement to project efficient uses of the cash hoard it has accumulated.
|
What is the specific heat of the substance
: When the substance is placed in a calorimeter containing 300.o grams of water, the temperature of the water increased from 20 degrees Celsius to 26 degrees Celsius. What is the specific heat of the substance assuming all heat is transferred to th..
|
Activation energy for the reaction
: The rate constant for a certain chemical reaction is 0.00250 L mol -1 s-1 at 25.0 °C and 0.0125 L mol-1 s-1 at 50.0 °C. What is the activation energy for the reaction, expressed in kilojoules?
|
Compute all of the variances for direct materials
: Compute all of the variances for (1) direct materials and (2) direct labor. Compute the total overhead variance. Prepare an income statement for management. (Ignore income taxes.)
|
What is its distinctive characteristic
: What is a thiol (what functional group determines a thiol) and what is its distinctive characteristic?
|
Specific heat of water
: What is the amount of heat in kilojoules required to convert 281.0 g of ice at -15.2°C to liquid water at 35.6°C? The specific heat of ice is 2.03 J/g ·°C. The molar heat of fusion of ice is 6010 J/mol. The specific heat of water is 4.184 J/g ·°C.
|
How your personality type influence your job performance
: Based on the results of your assessment, what do you see as your strengths and weaknesses? How might your personality type influence your job performance
|
Analyze the gross profit operating profits and net income
: Analyze the gross profit, operating profits, and net income of both Exxon and Chevron for 2012 and 2013. Of the two companies, speculate on the main reasons why one company may have been more profitable than the other company.
|