The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours Standard Price or Rate Direct materials 12 feet $ ? per foot $12 per hour $ 8 per hour Direct labor 1.5 hours Variable manufacturing overhead 1.5 hours If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is:

The standard cost sheet for a product is shown. Standard Cost Manufacturing Costs Standard price Standard Quantity per unit Direct materials $4.50 per pound 5.70 pounds $ 25.65 Direct labor $11.87 per hour 2.00 hours $ 23.74 Overhead $2.20 per hour 2.00 hours $ 4.40 $ 53.79 The company produced 3,000 units that required: 17,600 pounds of material purchased at $4.35 per pound • 5,910 hours of labor at an hourly rate of $12.17 per hour • Actual overhead in the period was $13,540 Fill in the Budget Performance Report for the period. Some amounts are provided. Round your answers to the ne Budget Performance Report Variance Manufacturing Costs: Actual Standard (Favorable)/ 3,000 units Costs Costs Unfavorable Direct materials $76,560 Direct labor 71,220 Overhead 13,540 $655

The XYZ Company uses Standard costing system. Following data are taken from its cost record.STANDARD ACTUALDirect Material Rate per unit Rs. 10 Rate per unit Rs. 12Total Cost Rs. 80,000 Quantity 8,600 unitsDirect Labour Wages per hour Rs. 40 Wages per hour Rs. 30Total labour hours 600 Total labour cost Rs. 16,500Factory Overhead 90% of Direct labour Rs. 20,000Required:1] Compute the Following. a) Material Price Varianceb) Material Quantity Variance c) Labour Rate Varianced) Labour efficiency variance e) Overhead Variance

Assume the following: • The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. • The variable overhead efficiency variance is $1,500 F. • The company produced 15,000 units of finished goods during the period. What is the actual quantity of direct labor-hours worked during the period? Multiple Choice о о O O 44,000 hours 44,500 hours 43,500 hours 43,000 hours

Benoit Company produces three products—A, B, and C. Data concerning the three products follow (per unit):           Product A B C         Selling price $ 92.00 $ 66.00 $ 82.00 Variable expenses:       Direct materials 27.60 18.00 12.00 Other variable expenses 27.60 31.50 45.40 Total variable expenses 55.20 49.50 57.40 Contribution margin $ 36.80 $ 16.50 $ 24.60 Contribution margin ratio 40% 25% 30%   The company estimates that it can sell 950 units of each product per month. The same raw material is used in each product. The material costs $3 per pound with a maximum of 6,100 pounds available each month.   Required: 1. Calculate the contribution margin per pound of the constraining resource for each product. 2. Which orders would you advise the company to accept first, those for A, B, or C? Which orders second? Third? 3. What is the maximum contribution margin that the company can earn per month if it makes optimal use of its 6,100 pounds of materials?

Subject: Accounting

Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Multiple Choice O $14,750 Variable administrative expense Fixed selling and administrative expense If 4,500 units are produced, the total amount of manufacturing overhead cost is closest to:

The following standard costs were developed for one of the products of Razzmatazz Corporation:    STANDARD COST CARD PER UNIT    Materials: 4 feet × $14.25 per foot                                         $  57.00 Direct labor: 8 hours × $10 per hour                                          80.00 Variable overhead: 8 direct labor hours × $8 per hour               64.00 Fixed overhead: 8 direct labor hours × $12 per hour                 96.00 Total standard cost per unit                                                    $297.00   The following information is available regarding the company's operations for the period:    Units produced: 11,000 Materials purchased: 52,000 feet at $13.95 per foot Materials used: 40,000 feet Direct labor: 84,000 hours costing $840,000       Manufacturing overhead incurred:        Variable $756,000     Fixed $1,000,000   Budgeted fixed manufacturing overhead for the period is $960,000, and the standard…

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Multiple versus Single Kates, Activity Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $490,440 Number of setups 610 Ordering costs 313,500 Number of orders Machine costs 917,700 Machine hours Receiving 382,200 Receiving hours Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B $610,000 451,000 15,500 6,400 360 Direct materials Direct labor Units completed Direct labor hours Number of setups Number of orders Machine hours Receiving hours 5,400 24,900 2,700 $766,000 499,000 7,000 2,300 250 11,100 18,800 7,100 16,500 43,700 9,800