Company produces a single product.  Manufacturing overhead costs are applied to products on the basis of direct labor hours.  Budget  for current year:    Denominator activity (direct labor-hours) 6,000  Variable manufacturing overhead cost $21,000  Fixed manufacturing overhead cost $18,000 The standard cost card for the product follows:    Direct materials............................................... 2.5 ounces at $20 per ounce   Direct labor..................................................... 1.4 hours at $12.50 per hour   Variable manufacturing overhead.................. 1.4 hours at $3.5 per hour The following data are available for October: ·       3,750 units of compound were produced during the month. ·       There was no beginning direct materials inventory. ·       The ending direct materials inventory was 2,000 ounces. ·       Direct materials purchased: 12,000 ounces for $225,000. ·       Direct labor hours worked: 5,600 hours at a cost of $67,200. ·       Variable manufacturing overhead costs incurred amounted to $18,200. ·       Fixed manufacturing overhead costs incurred amounted to $15,000. - Compute Direct materials price and quantity variances, Direct labor rate and efficiency variances, and variable overhead rate and efficiency variances. Compute the fixed overhead budget and volume variances

Shown below are units produced and total manufacturing costs for the pastfour months at Minda Manufacturing Corporation:                                                Units Produced          Total CostJul                                              120                          P446,000Aug                                            150                          P508,000Sep                                            180                          P638,000Oct                                             170                          P668,000What is Minda's cost formula for total manufacturing costunder the high-lowmethod?

Your Corporation has received a request for a special order of 6,000 units of its product for $19 each. The product unit cost is as follows:              Direct materials......................................... $6.10   Direct labor................................................ 4.20   Variable manufacturing overhead............. 2.30   Fixed manufacturing overhead..................    3.60   Variable selling expense ………… 1.80   Fixed selling expense……… 1.20   Total cost per unit       $19.20 If the special order is accepted, variable selling costs would decrease by 40%. The customer wants the item to be engraved.  This involves an additional $2.50 of direct labor per unit.  The company will also need to purchase an engraving machine for $12,000. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order. If the special order is accepted, what is…

A company has the following overhead costs and activities: Estimated Expected Activity Product V Product W Product X Overhead Activities and Activity Measures Machine setups (setups) Processing customer orders (orders) Assembling products (assembly-hours) $9,178.00 Cost S7,234.50 $3,565.50 69 12 10 20 21 492 697 111 4. A company sells two products, one with sales of $10,000 and variable expenses of $2,500, another with sales of $46,000 and variable expenses of $15,420. Fixed expenses are $33,100. Breakeven point for the whole company is close to: А. 833,100 В. $22,900 C. $51,020 D. $48,676 A company that reduces the proportion of variable costs in its cost structure will: A. enjoys higher stability in profits. B. increase its profits more when the economy is good. C. have a loss more easily when the economy is bad. D. be indifferent. 5. 6. is normally recorded on any financial statement but irrelevant in decision making which is not. A. Sunk cost B. Incremental cost C. Differential…