Question 1 the actual costs and standard costs for direct

Assignment Help Financial Accounting

Reference no: EM13348905

Question :

1. The actual costs and standard costs for direct materials for the manufacture of 2,500 actual units of product are as given:

Standard Costs

Direct materials 2,500 kilograms @ $8

Actual Costs

Direct materials 2,600 kilograms @ $8.75

The amount of the direct materials quantity variance is:

2. The actual costs and standard costs for direct materials for the manufacture of 2,500 actual units of product are as gives:

Standard Costs

Direct materials (per completed unit) 1.04 kilograms @$8.75

Actual Costs

Direct materials 2,500 kilograms @ $8

The amount of direct materials price variance is:

3. McCabe Manufacturing Co.'s static budget at 8,000 units of production adds $40,000 for direct labor and $4,000 for electric power. Net fixed costs are $23,000. At 9,000 units of production, a flexible budget would show:

4.O'Neill Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000. O'Neill expects to sell 20 percent of its merchandise for cash. Of the remaining 80 percent of sales on account, 75% are expected to be collected in the month of sale and the remainder the subsequent month. The January cash collections from sales are:

5. If fixed costs are $561,000 and the unit contribution margin is $8.00, determine the break-even point in units if variable costs are decreased by $.50 a unit?

6. If fixed costs are $300,000 and the unit contribution margin is $5, Evaluate amount of units must be sold in order to realize an operating income of $50,000?

Reference no: EM13348905

Questions Cloud

Question draft the appropriate audit opinion provided the : question draft the appropriate audit opinion provided the subsequent scenarios. every situation is independent of the

Question 1 i identify privatisation ii what is : question 1 i identify privatisation ii what is compensation of privatisation?iii what is the disadvantage associated

Question 1the conceptual framework of the tourism area life : question 1the conceptual framework of the tourism area life cycle talc has been frequently examined in tourism

Question 1defining problems of society and ensuring that : question 1defining problems of society and ensuring that they are placed on governmental agenda constitutes the most

Question 1 the actual costs and standard costs for direct : question 1. the actual costs and standard costs for direct materials for the manufacture of 2500 actual units of

Question phoebe ltd manufactures several different : question phoebe ltd manufactures several different products which pass through two production cost centres p1 and

Question 1 public enterprises have over the years been : question 1 public enterprises have over the years been under constant pressure for improvement and innovation.a what

Question 1 i differentiate between internal and external : question 1 i differentiate between internal and external environment in which an organization operatesii how managers

Question 1 what do you value by term public sector : question 1 what do you value by term public sector? outlining its various forms highlight role played by the public

User Account

All Pages