Highland Company produces a lightweight backpack popular with college students. Standard variable costs relating to a single backpack are given below:   Standard Quantity or Hours Standar

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Sunland Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June (a) Power Cost $28,390 (b) 36,069 32,895 26,235 (c) 23,890 20,700 Your answer is correct. Variable power costs $ Using the high-low method of analyzing costs, answer the following questions and show computations to support your answers. eTextbook and Media Your answer is correct. Factory Machine Hours What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Fixed power costs $ eTextbook and Media 15,800 21,400 Total power cost $ 18,700 High 15,100 13,500 What is the estimated fixed power cost each month? 10,500 1.41 5,895 per factory machine hour Low 5,895 If it is estimated that 13,800 factory machine hours will be run in July, what is the expected total power cost for July?

Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $20 per pound and 0.30 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Standard price or rate Standard cost per unit

The following data relates to Titan Electric and its Light Bulb Division. Light Bulb Division sales Light Bulb Division operating income Light Bulb Division total assets Light Bulb Division current liabilities Corporate target rate of return Corporate weighted average cost of capital Corporate effective tax rate What is the Light Bulb Division's sales margin? OA. 180% OB. 18% OC. 13.5% OD. 10% $7,200,000 $720,000 $4,000,000 $540,000 12% 5% 25%

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Batco makes baseball bats. Each bat requires 2.00 pounds of wood at $22 per pound and 0.40 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) O Answer is complete but not entirely correct. Standard Standard quantity or hours Standard Inputs cost per price or rate unit Direct materials 2.00 pounds 20.00 40.00 Direct labor 0.35 DLH 20.00 7.00 Overhead 0.35 DLH 40.00 14.00 Total 61.00 000 000

Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows:     Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (plastic) 12 sq ft. $ 1.45 per sq. ft. $ 17.40 Direct labor 0.3 hr. $ 11.90 per hr.   3.57 Variable manufacturing overhead (based on direct labor hours) 0.3 hr. $ 2.30 per hr.   0.69 Fixed manufacturing overhead ($461,000 ÷ 922,000 units)             0.50   Parker Plastic had the following actual results for the past year:        Number of units produced and sold   1,160,000 Number of square feet of plastic used   12,000,000 Cost of plastic purchased and used $ 16,800,000 Number of labor hours worked   320,000 Direct labor cost $ 3,744,000 Variable overhead cost $ 1,100,000 Fixed overhead cost $ 377,000   Required:Calculate Parker Plastic’s direct labor rate and efficiency variances. (Do not round intermediate calculations. Indicate the…

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