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Question #3Expected production (units) 15,000Standard DML hours per unit 7Standard DML rate per hour $26Standard pounds of DM usage per unit 3Standard DM price per pound $14ActualUnits produced 16,000Pounds of DM purchased 53,000Total cost of DM purchased $689,000Pounds of DM used 50,000DML hours worked 106,000Total cost of DML $2,968,000a) Calculate the following variances:Direct manufacturing labor rate varianceDirect manufacturing labor usage varianceDirect materials price variance (how we did it in the chat session)Direct materials usage varianceb) Explain what each of the calculated variances imply about the firm's operations. Be specific!Direct manufacturing labor rate varianceDirect manufacturing labor usage varianceDirect materials price varianceDirect materials usage variance
Production personnel estimate that the 75,000 units still in process on June 30 are 100% complete with respect to materials and 40% complete with respect to conversion costs.
Rica's Fleet Feet, Inc., produces dance shoes for stores all over the world. While the pair of shoes are boxed individually, they are crated and shipped in batches. What is the static budget and flexible budget number of crates for 2008?
Write a 700- to 1,050-word paper in which you differentiate between managerial and financial accounting.
On November 1, 2015, Archangel Services issued $200,000 of 10-year bonds with a stated rate of 3%. The bonds were sold at discount for $191,000, and make semiannual payments on April 30 and October 31.
Assume you are opening a small food outlet across the street from your campus. How might that business be operated under each of the two broad strategies? Consider the following specific operational areas:
Clancey Inc. issues $2,085,500 of 7% bonds due in 14 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. What amount will Clancey receive when it issues the bonds?
Compute the amount of call center support costs allocated to each product line under the current system.
A non profit company sells a pair of shoe that has a cost of $2.00 for the price of $102.00. The gross profit is 100%. The tax libility is 37%. What is the formula to reduce the tax liability to 0%
Paulsen Company sells 100,000 units for $15 a unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement?
Review SOX mandates, and determine what protections are currently in place to protect whistle-blowers. Take a position on whether more employees would be willing to blow the whistle on corporate misbehavior due to the provisions for whistle-blower..
Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year.
Health care managers are charged with providing quality health care services to the community in efficient and effective ways. Managers strive to deliver quality care through their planning, organizing, and controlling efforts.
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