The following materials standards have been established for raw material used in the company's sole product:               Standard quantity per unit of output.......... 0.5 pound   Standard price............................................ $16.60 per pound   The following data pertain to operations concerning the product for the last month:     Actual cost of materials............................. $34,650   Actual materials used in production.......... 1,900 pounds   Actual output............................................. 4,200 units               What is the materials price variance for the month?     $3,320 F     $3,320 U     $3,110 F     $3,110 U     $6,430 F

A partial listing of costs incurred during February at Urfer Corporation appears below: Factory supplies...... $9,000 Administrative wages and salaries.... Direct materials....... Sales staff salaries Factory depreciation.......... Corporate headquarters building rent Indirect labor ........ Marketing... Direct labor...... O $379,000 O $277,000 O $61,000 O $318,000 C Previous GEORHIGHWA permane HON D O DELICIO FEINHE avere Junien C The total of the period costs listed above for February is: CONTA F A $106.000 $142.000 $53,000 $28.000 $30.000 $24.000 $129,000 $74,000 Next

Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (39,500 units): Direct materials (93% completed) Conversion (57% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (93% completed) Conversion (57% completed) Cost incurred during July: Direct materials Conversion costs $ 122,750 77,200 $ 199,950 93,500 108,300 24,700 $ 183,500 291,500 Total equivalent units for materials under the weighted-average method are calculated to be:

Make or by product.Montrose incorportaion manufactures part 345 for use in one of its main products. normal annual production for part 345 is 100,000 units. the cost for 100 units lot for the part follows: Direct direct labor............100 Factory overhead: material.…….…….……....$260 variable............ 120 fixed...............160 total cost per 100 units....640 kalispel incorporation has offered to sell Montrose all 100,000 units it will need during coming year for $600 per 100 units. if montrose accepts the offer from kalispiel, the facilities used to manufacure part 345 can be used in production of part 789. this change would save montrose $90000 in fixed cost related to the rental of capacity neccessary to produce part 789. in addition a $50000 cost item included in factory overhead which specifically related to part 345( rental of special equipment not usable in manufacturing of other products) would be eliminated. Required. determine whether or not Montrose incorporataion make…

The following data relate to M4 Engineering: Anticipated sales.….......... 100,000 units Normal sales price/unit........... Variable manufacturing cost/unit...... $10 Variable selling cost/unit............. $5 Fixed manufacturing cost.….............. $800,000 ($8.00/unit) $32 Fixed selling cost. Total cost/unit (full absorption)....... $25.00 M4 Engineering has the opportunity to take a one-time special order from a customer who wants to buy 20,000 units, but is only willing to pay $18.00 per unit. The special order will not affect M4's anticipated sales to other customers or the company's fixed costs. $200,000 ($2.00/unit) Should M4 Engineering accept the special order? Why or why not? Show your calculations.

f. Income statement; cost of goods sold statement; factory overhead analysis. Ou October 1, the accountant of Columbus Company prepared a trial balance from which the following accounts were extracted: $9,800 4,070 Finished Goods (2,800 units).... Work in Process (1,200 units)..... Materials and Supplies........... Buildings.................... 40,700 ................ *********** 48,000 Accumulated Depreciation-Buildings... ****** $ 6,000 Machinery and Equipmen................................. Accumulated Depreciation-Machinery and Equipment........ 96,000 37,500 Office Equipment.......... ..………….….…….. 3,200 Accumulated Depreciation Office Equipment........ Accrued Payroll... 1,000 650

Prepare a schedule of cost of goods manufactured.

Tt.11.

1. Cabaret Corporation produces a single product. Data concerning the company's operations last year appear below: Units in beginning inventory... Units produced. Units sold....... Selling price per unit.. Variable costs per unit: Direct materials. Direct labor. Variable manufacturing overhead.. Variable selling and administrative. Fixed costs in total: Fixed manufacturing overhead... Fixed selling and administrative... Assume direct labor is a variable cost. 10,000 9,000 $60 $15 $5 $2 $4 $200,00 0 $70,000 Required: a. Compute the unit product cost under both absorption and variable costing. b. Prepare an income statement for the year using absorption costing. c. Prepare an income statement for the year using variable costing. d. Prepare a report reconciling the difference in net operating income between absorption and variable costing for the year.

Selected sales and operating data for three divisions of different structural engineering firms are given asfollows:Division A Division B Division CSales ........................................................... $12,000,000 $14,000,000 $25,000,000Average operating assets ............................ $3,000,000 $7,000,000 $5,000,000Net operating income .................................. $600,000 $560,000 $800,000Minimum required rate of return .................. 14% 10% 16%Required:1. Compute the return on investment (ROI) for each division using the formula stated in terms of marginand turnover.2. Compute the residual income for each division.