actual costs for direct Standard Costs Actual Costs ect materials 199,800 lbs. at $5.90 197,800 Ibs at $5.70 ect labor 18,500 hrs. at $16 50 18,930 hrs. at $16.90 tory overhead Rates per direct labor hr., based on 100% of normal capacity of 19,310 direct labor hrs Variable cost, $2.90 $53,110 variable cost Fixed cost, $4.60 $88,826 fixed cost ch unit requires 0.25 hour of direct labor

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Standard Price or Cost Per Rate Unit $ 3.00 per ounce $ 17.00 per hour $ 6.00 per hour Direct materials 7.3 ounces $21.90 $ 3.40 $ 1.20 Direct labor e.2 hours Variable overhead e.2 hours The company reported the following results concening this product in June. 2,700 units 2,800 units 18,500 ounces Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours 21,600 ounces 480 hours $ 42,100 $ 12,700 $ 3,350 Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The company applies varlable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materlals are purchased. The labor rate varlance for June is:

Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. 80,000 units 48,000 units $ 24 per unit $ 26 per unit $3 per unit $ 600,000 in total Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead Belle Company's product is sold for $80 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $320,000 per year. Compute the net income under absorption costing. Multiple Choice O $80,000 $98,000 $296,800 tran^^^

Tharaldson Corporation makes a product with the following standard costs: Standard Standard Cost Quantity or Hours Standard Price or Rate Per Unit $ 21.20 $ 10.40 $3.20 Direct materials 5.3 ounces $ 4.00 per ounce $13.00 per hour $ 4.00 per hour Direct labor 0.8 hours Variable overhead 0.8 hours The company reported the following results concerning this product in June. 4,300 units 4,300 units 24,500 ounces 20,200 ounces 6,400 hours $ 42,800 $ 14,300 $ 4,150 Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for June is:

Problem 11: Materials, Labor and Factory Overhead Variances Julie Corporation uses a standard cost system and has the following standard variable costs.

Green and White Company reported the following monthly data: Units produced Sales price Direct materials Direct labor Variable overhead Fixed overhead What is Green and White's contribution margin for this month if 1,090 units were sold? Multiple Choice O $74,400 $26,160 $32,700 3,100 units $ 30 per unit $ 1 per unit $ 2 per unit $ 3 per unit $ 12,400 in total $93,000

The following standard cost card is provided for Navid Company's Product A: Direct material (3 lbs. @ $3.00 per lb.) Direct labor (2 hr @ $8.00 per hr.) Variable overhead (2 hr. @ $3.00 per hr.) Fixed overhead (1 hr. @ $3.00 per hr.) $ 9.00 16.00 6.00 3.00 Total standard cost per unit $34.00 The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,600 units at the following costs: Direct material 12,200 pounds @ $2.50 per pound Direct labor 5,350 hours @ $16.00 per hour Overhead $29,940 The standard manufacturing cost per unit is $34.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations.)

Standard Actual Variable overhead rate $3.35     Fixed overhead rate $1.80     Hours 18,900   17,955* Fixed overhead $46,000     Actual variable overhead   $67,430  Total factory overhead   $101,450  *Actual hours are equal to standard hours for units produced. The fixed factory overhead volume variance is

Identify the semi-variable costs:                                                                          10,000 units              18,000 units Materials                                                           $15,000                     $27,000Labour                                                              $13,000                     $19,400Rent                                                                  $11,500                     $11,500Selling overheads                                               $30,000                     $46,000   Question 2 options:   1)  materials and labour   2)  labour and rent   3)  rent and selling overheads   4)  labour and selling overheads

Milar Corporation makes a product with the following standard costs Standard Quantity Standard Price on or Hours 6.5 pounds Direct materials Direct labor Nariable overhead Rate. $ 6.00 per pound $25.00 per hour $11.50 per hour 0.8 hours 0.8 hours In January the company produced 3,360 units using 13.440 pounds of the direct material and 2.808 direct labor-hours, During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,200. The actual direct labor cost was S69,795 and the actual Varlable overhead cost Was $30,940. The company applies variable overhead on the basis of direct iabor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is Multiple Choice $405 F $405 U Windows Update S2.595U Countdown to goodnes... We're all set to do the restart you scheduled. Mc Graw Hill Prev 24 of 36 Nexflm Type here to search |耳 59 F Mostly cloudy 8:34 AM 10/21/2021 DELL F1 F2 F3 F4 F5 F6 F7…