Rams manufactures t-shirts. During January, the budgeted direct labor hours are 3,600, and the actual direct labor hours are 3,512. The budgeted labor costs are $28,000, and the actual labor costs are $28,754. Rams sold 1,380 t-shirts in January at a price of $23.5 per t-shirt. The budgeted revenue is 1,440 t-shirts or $36,000 for January. What is Rams output price variance for January? (Price variance is the sum of pure price variance and joint variance.) Please choose the closest answer. Group of answer choices $684 Favorable $754 Unfavorable $1,438 Unfavorable $1,500 Unfavorable $2,070 Unfavorable $3,570 Unfavorable

Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 2% if paid within 10 days of purchase. Because of the purchase policy, 85% of its payments are made in the month of purchase and 15% are made the following month. The direct materials budget provides for purchases of $125,000 in November, $298,000 in December, $236,000 in January, and $232,000 in February. What is the balance in accounts payable for January 31, and February 28?     Ending Balance January   $fill in the blank 1 February   fill in the blank 2

A company manufactures t-shirts. In January, the budgeted direct labor hours are 3,600, and the actual direct labor hours are 3,512. The budgeted labor costs are $28,000, and the actual labor costs are $28,754. The company sold 1,380 t-shirts in January at a price of $23.5 per t-shirt. The budgeted revenue is 1,440 t-shirts or $36,000 for January. What is the company's labor input price variance for January? A. $754 Unfavorable B. 2,070 Unfavorable C. $1,438 Unfavorable D. $3,570 Unfavorable E. $1,500 Unfavorable F.  $684 Favorable

Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 10% of the next month's sales. It estimates that May's ending inventory will consist of 28,200 units. June and July sales are estimated to be 282.000 and 292.000 units, respectively. Trago assigns variable overhead at a rate of $2.00 per unit of production. Fixed overhead equals $402.000 per month. Compute the total budgeted overhead for June Multiple Choice $978,000. $968.000 $566.000. $966.000. $986,000

J&J Co. provides house cleaning services. The company uses the number of jobs to measure activity. At the beginning of March, the company budgeted for 60 jobs, but the actual number of jobs turned out to be 70. Wages and salaries expense is a mixed cost. Supplies expense is a variable cost. Transportation expense is a fixed cost. Here is a report comparing the actual vs. budgeted revenues and costs for the month of March:   What is the amount of Supplies Expense in the Flexible Budget?

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes. Factory administration The Production Department planned to work 4,200 labor-hours in March; however, it actually worked 4,000 labor-hours during the month. Its actual costs incurred in March are listed below: Direct labor Indirect labor Utilities Supplies Equipment depreciation Factory rent Property taxes Factory administration Cost Formulas $16.20g $4,200+ $1.50g $5,700+ $0.60g $1,500+ $0.10g $18,300+ $2.60g $8,600 $2,500 $13,300+ $0.90g Actual Cost Incurred in March $ 66,360 $ 9,680 $ 8,610 $ 2,130 $ 28,700 $ 9,000 $ 2,500 $ 16,310 Required: 1. Prepare the Production…

Thunder Creek Company uses 2 pounds of direct materials for each unit it produces, at a cost of $4.00 per pound. The company begins the year with 9,500 pounds of material in Raw Materials Inventory. Management desires an ending inventory of 25% of next month's materials requirements Prepare a Direct Materials Budget. (When entering answers in the direct materials budget, use the production budget for your cell references. Enter all values as positive--without a minus sign--in row 31.) 2018 Jan Feb Q1 Total April Budget #3: Direct Materials Budget Budgeted units to be produced Mar 30,800 25,200 19,200 2.00 Direct materials (pounds) per unit 2.00 Direct materials needed for production 50,400 38,400 12,600 2.00 61,600 8,600 Plus: Desired direct materials in ending inventory (pounds) 15,400 Total direct materials needed 51,000 65,800 70,200 Less: Direct materials in beginning inventory (pounds) 9,500 12,600 15,400 Budgeted purchase of direct materials 41,500 53,200 54,800 Direct material…

Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 2% if paid within 10 days of purchase. Because of the purchase policy, 85% of its payments are made in the month of purchase and 15% are made the following month. The direct materials budget provides for purchases of $133,000 in November, $298,000 in December, $240,000 in January, and $225,000 in February. What is the balance in accounts payable for January 31, and February 28?     Ending Balance January   $fill in the blank 1 February   fill in the blank 2

Paula Corporation reports the following for this month: The beginning inventory is 30 units. It produces 140 units during this month. And 150 units are sold at $3,000 each. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 200 units, the same every month. Variable costs: manufacturing cost per unit = $100; the operating cost per unit = $20 Total Fixed costs: budgeted manufacturing costs = $7,000; operating costs = $36,000 How much is the unit product cost if the company uses absorption costing? $100 $120 $150 $335 $315 $135

Becker Bikes manufactures tricycles. The company expects to sell 440 units in May and 570 units in June. Beginning and ending finished goods for May are expected to be 140 and 105 units, respectively. June's ending finished goods are expected to be 115 units. Each unit requires 1.5 direct labor hours and Becker's hourly labor rate is $66 per hour. Compute Becker's direct labor budget for May and June. Note: Do not round intermediate calculations. Budgeted direct labor cost May June