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Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheets of aluminum. It normally manufactures 7,500 airplanes. Materials and labor standards for making the airplanes are:Direct Material (1 Sheet of aluminum @ $10.00) $10.00Direct Materials (Other accessories @ $8.75) 8.75Direct Labor (6 hours @ $7.00) 42.001. 1) Compute the standard hours allowed for a volume of 10,000 airplanesA. 420,000 HRSB. 60,000 HRSC. 65,000 HRSD. 70,000 HRSShow Work.22. Compute the standard number of sheets of aluminum allowed for a volume of 10,000 airplanes.A. 10,000 Sheets .AB.7,500 Sheets .BC.11,250 Sheets .CD.15,000 Sheets .D
Marginal Cost Marginal cost is the change in a firm's cost of production. It is related to a unit change in its output, or the added cost of producing the next unit. The margin
A company manufactures a single product. Estimated cost data regarding this product and other information for the product and the company are as follows: Sales price per unit Rs.2
Describe the meaning and relevance of interdependence of variances when reporting to managers.
explain the various types of costs
EOQ
L I M I T A T I O NS OF STANDARD COSTING 1. It may be very difficult to fix standards for all operations. 2. Incorrect standards may result in wastage of mo
Ask The James Company, a wholesaler, budgeted the following sales for the indicated months June 2004 July 2004 August 2004 Sales on account 1800,000 1,92
1. Suppose your company needs to raise $30 million and you want to issue 30-year bonds for this purpose. Assume the required return on your bond issue will be 8 percent, and you're
fifo method
The follow data relates ot year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire
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