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ABC Company produces the fuzzy bear which is a stuffed animal with 99 percent natural fibers. Each fuzzy bear requires a standard of four square yards of cotton cloth. The standard price is $1.00 per square yard. ABC manufactured 1,000 fuzzy bears in October. The company purchased 4,100 of cloth and paid $1.05 per square of cloth. The company used 4,020 yards of cloth in the production of 1,000 fuzzy bears. 1. What is the material price variance? Is the variance favorable or unfavorable?
2. What is the material quantity variance? Is the variance favorable or unfavorable? The standard quantity of direct labor for each fuzzy bear is one hour. The standard wage rate is $12 per hour. ABC manufactured 1,000 fuzzy bears in October. The company used 980 direct labor hours and paid $12.50 per hour. 3. What is labor rate variance? Is the variance favorable or unfavorable? 4. What is the labor efficiency variance? Is the variance favorable or unfavorable?
Explain how much external financing will the firm have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
Cost allocation theory through cost drivers - Why do they allocate costs anyway in a government (City Government) setting -- aren't cost allocation methods mostly for manufacturing companies?
Capacity utilization effect on product mix and profitability and describe how capacity utilization affects product mix and profitability.
The common shares have a market price of $6 per share on the grant date. Ignoring taxes, what is effect on earnings in the year after the shares are granted to exec's?
The service period related to these restricted shares is 3 years. Vesting occurs if the upper level executives stay with Lebron Corp for 3 years.
When a debtor fails to pay a debt, and the value of the collateral is less than the full amount of the debt, which of the following is generally true - distinction between secured and unsecured credit
Identify the differential, avoidable or relevant costs associated with the sourcing location for a call center for Bank of America? Illustrate what are the qualitative costs? Which ones are more important?
Prepare journal entries in the General Fund of the Brownville School District.
What value the random variable will assume for each of the experimental outcomes and list the experimental outcomes associated with performing the blood analysis
Use the graph in part (a) to determine the level of production x at which consumer expenditure is largest. What price p correspnds to maximum consumer expenditure?
Determine the net benefit of outsourcing the electric motors from Mini Motor Company.
Evaluate O'Brien Vineyards margin of safety percentage? Determine O'Brien Vineyards degree of operating leverage?
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