Sales price variance for the two products

Assignment Help Accounting Basics

Reference no: EM13764554

1. The Wiscow Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at 2,300 machine hours. The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours. What is the fixed cost using the high-low method to estimate the cost equation?

$3,264
$5,434
$2,170
$7,604

2. Southern Company's budgeted and actual sales for 2009 were:

Product	Budgeted Sales	Actual Sales
X	20,000 units at $5.00 per unit	17,500 units at $5.30 per unit
Y	35,000 units at $9.00 per unit	37,300 units at $8.80 per unit

What is the sales price variance for the two products?

$1,000 Favorable
$2,210 Favorable
$1,000 Unfavorable
$2,210 Unfavorable

3. Southern Company manufactures Product X. The standard cost of one unit of output is $12.00 (four pieces at $3.00 per piece). During the first quarter, 5,000 units were made, at an actual cost of $10.50 per unit (three pieces were $3.50 per piece). What is the material price variance?

$7,500 Favorable
$10,000 Favorable
$7,500 Unfavorable
$10,000 Unfavorable

Reference no: EM13764554

Questions Cloud

Effect of a trade surplus and effect of trade deficit : What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work? Why are trade agreements important for the various countries involved? (160 word count minimum..

Prepare the cash budget for the period : Prepare the cash budget for the period 1 April 2014 to 30 September 2014 for Toggel Limited. Evaluate the benefits and problems associated with the participative style of setting the budget.

Identify competitors in digital music distribution industry : Identify the major competitors in the digital music distribution industry, and describe their sources of competitive advantage.

Briefly describe the nature of the stimulant : Briefly describe the nature of the stimulant. Be sure to include: how stimulants enhance mood

Sales price variance for the two products : What is the sales price variance for the two products?

Using the java development kit and jgrasp : Using the Java Development Kit and jGrasp, develop a program in response to the following prompt:

Japanese interest rates and japanese inflation falls : Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example - Japanese interest rates and Japanese inflation falls relative to U.S. inflation.

Discuss federal courts and state courts in united sates : discuss federal courts and state courts in united sates

Protect against deceptive and destructive business : Can you think of any protective practices that the corporation could include to better protect against deceptive and destructive business practices of bad corporate officers

User Account

All Pages