Question dawson toys ltd creates a toy called the maze the

Assignment Help Financial Accounting

Reference no: EM13349350

Question :

Dawson Toys, Ltd., creates a toy called the Maze. The company has currently established a standard cost system to help control costs and has established the subsequent standards for the Maze toy:

Direct materials: 6 microns per toy at $0.34 per micron

Direct labor: 1.3 hours per toy at $7.1 per hour

During July, the company produced 4,600 Maze toys. Production data for the month on the toy follow:

Direct materials:

78,000 microns were purchased at a cost of $0.31 per micron. 43,500 of these microns were still in inventory at the end of the month.

Direct labor: 6,380 direct labor-hours were worked at a cost of $49,764. rev: 03-21-2011

Requirement 1:

Evaluate the direct materials price and quantity variances for July.2.value:

Requirement 2:

Determine the direct labor rate and efficiency variances for July.

Reference no: EM13349350

Questions Cloud

Question retail outlets purchase snowboards from slopes inc : question retail outlets purchase snowboards from slopes inc. all through the year. however in anticipation of late

Question the subsequent information relate to the grace plc : question the subsequent information relate to the grace plc group of corporation as at 31st october 2012. the

Question the following are partial income statement account : question the following are partial income statement account balances taken from the 31st december 2013 year-end trial

Question problem 1 on 1112 your client received a 14 year : question problem 1 on 1112 your client received a 14 year note for 550000 in exchange for services rendered. the note

Question dawson toys ltd creates a toy called the maze the : question dawson toys ltd. creates a toy called the maze. the company has currently established a standard cost system

Question betty jones files a return as a single taxpayer : question betty jones files a return as a single taxpayer. items of income received by betty in 2011 were as

Question kat bardash a student at a small state college has : question kat bardash a student at a small state college has just get her first checking account statement for the month

Question 1athe window as shown underneath is an : question 1athe window as shown underneath is an illustration of a hotels in-room breakfast ordering dialog.breakfast

Question the partnership of gilligan skipper and ginger had : question the partnership of gilligan skipper and ginger had net capital of 570000 on december 31 2014 as

User Account

All Pages