Piper Corporation's standards call for 4,900 direct labor-hours to produce 1,400 units of product. During October the company worked 1,300 direct labor-hours and produced 1,300 units. The standard hours allowed for October would be: (Round your intermediate calculations to 1 decimal place.) Multiple Choice O O O O 4,900 hours 1,300 hours 4,550 hours 3,600 hours

Sharp Company manufactures a product for which the following standards have been set: Standard Direct materials Direct labor Quantity or Hours 3 feet ? hours Standard Price or Standard Rate $5 per foot ? per hour Cost $ 15 ? During March, the company purchased direct materials at a cost of $45,240, all of which were used in the production of 2,190 units of product. In addition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $31,500. The following variances have been computed for the month: Materials quantity variance Labor spending variance Labor efficiency variance Required: 1. For direct materials: $1,950 U $ 3,030 и $ 780 U a. Compute the actual cost per foot of materials for March. b. Compute the price variance and the spending variance. 2. For direct labor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month's production. c. Compute the standard hours allowed per unit of…

Robin Inc. provides the following manufacturing costs for the Third quarter of the year in the table below.   Manufacturing Costs for the Third Quarter  Months Production in Units  Total Costs  July  3,800 $59,550 August 4,200 $62,450 September 5,500 $71,875 Using the high-low method, determine the variable costs per unit. (Round intermediate calculations and your final answer to two decimal places.) Group of answer choices $14.37 $13.07 $7.25 $15.67

Spring, Incorporated manufactures two products. It currently has 1,000 hours of direct labor and 2,080 hours of machine time available per month. The following table lists the contribution margin, labor and machine time requirements, and demand for each product: Unit contribution margin Demand Labor time Machine time Product A $21 1, 040 units 3/4 hour 1 hour How much of each product should Spring manufacture per month? Product B $18 2,080 units 1 hour 1/2 hour

The manufacturing costs of Mocha Industries for three months of the year are as follows:   Total Cost Production April $102,926 1,860 Units May 105,960 2,600   June 110,798 3,780   a.  Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.$fill in the blank 1 per unit b.  Using the high-low method, determine the total fixed costs.$fill in the blank 2

The manufacturing costs of Mocha Industries for three months of the year are as follows: April May June Total Cost $54,546 57,092 61,082 Production 1,670 Units 2,340 3,390 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $ per unit b. Using the high-low method, determine the total fixed costs. $

Sharp Company manufactures a product for which the following standards have been set:     Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ?   During March, the company purchased direct materials at a cost of $56,610, all of which were used in the production of 2,875 units of product. In addition, 4,700 direct labor-hours were worked on the product during the month. The cost of this labor time was $37,600. The following variances have been computed for the month:   Materials quantity variance $ 4,050 U Labor spending variance $ 2,180 U Labor efficiency variance $ 770 U   Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March. b. Compute the price variance and the spending variance.   2. For direct labor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month’s production. c. Compute the…

The manufacturing costs of Mocha Industries for three months of the year are as follows:   Total Cost Production April $87,187 1,330 Units May 89,254 1,860   June 92,530 2,700   a.  Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.$fill in the blank 1 per unit b.  Using the high-low method, determine the total fixed costs.$fill in the blank 2

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