/1Question 2View PoliciesCurrent Attempt in ProgressThe per unit standards for direct labor are 2 direct laborhours per unit at $12 per hour. If the actual direct laborpayroll cost was $25,600 for 2,000 direct labor hoursworked to produce 1,200 units, the total direct laborvariance isO $1,000 unfavorable.O $3,200 unfavorable.O $960 unfavorable.O $3.200 favorable.Chp

Total Direct labor VarianceThe total direct labor variance equal the difference between the total…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question 14 fannual overthead costs are apected to be s800,000 and direct labor costa are epected to be $1.000,000, then if the acivity base is diret labor cost O $1.25 is the predetermined overhead rate. O for every dollar of manufacturing overhead, 80 cents of direct labor will be assigned. O for every dollar of direct labor, 80 cents of manufacturing overhead will be assigned. a predetermined overhead rate cannot be determined.
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7 The following direct labor standards have been established for a particular product: Standard direct labor-hours: 6.25 hours per unit $14.25 per hour Standard direct labor wage rate: The following data pertains to last month's operations: Actual out of product: Actual direct labor hours worked: Actual direct labor wages paid: 1,600 units 9,500 $132,050 REQUIRED: Using the standard cost model, compute each of the following, show all your calculations 7a What was the labor rate variance for the month? Is this variance favorable or unfavorable?
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TB MC Qu. 14-77 Newton Manufacturing has... Newton Manufacturing has 71,900 labor hours available for producing M and N. Consider the following information: Required labor time per unit (hours) Maximum demand (units) Contribution margin per unit Contribution margin per labor hour Multiple Choice O If Newton follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate? O $41,600 $98,750. $99,150. $101,750. Product M None of the answers is correct. 7,100 $ 6.00 $ 1.50 Product N 5 9,100 $ 6.50 $ 1.30
Average Cost per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. For financial accounting purposes, what is the total amount of perlod costs incurred to sell 20,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units? 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs
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Need help with this question from the prior chapter this is one of them I'm stuck on
Period Ccb Home | bartl... O O of 15 2 £ Required information [The following information applies to the questions displayed below.] 22 my.post.edu... Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Total fixed manufacturing cost Okay 3 Y x 10- Unit 1 -... 4 10. If 12,500 units are produced, what is the total amount of fixed manufacturing cost incurred to support this level of production? LO 5 G what is the h... 6 7 Average Cost per Unit $ 7.00 $ 4.50 $ 1.40 $ 4.00 $ 4.00 $ 2.10 $ 1.10 $ 0.55 You 8 Init 1 - C... 9 ct 0 dele
Task 6. The following are consumed for the production of one unit: ➤ 18 kg of material A (price 1 € / kg and 3 m²) material B (price 2 € / m²) Direct labour per unit of product Estimated (planned) variable overheads per year Responsibility centre 14,000, € 1: Direct labour 70,000 h ===== ===== Responsibility centre 21 000, € Responsibility centre 1: 20 hours; rate 0,30€/h Responsibility centre 2: 30 hours; rate 0,50€/h Calculates: 1. variable production costs per unit 2. unit cost of production 3. full cost of one unit 2: Direct labour 180 000 h Estimated (planned)fixed overheads and general operating expenses per year Production costs - 100,000 € Selling expenses -30 000 € Administration expenses -15 000 €
A5
Direct labor 17 per unit 11 per unit 2$ Direct materials 24 Overhead Total variable overhead Total fixed overhead Expected units to be produced $ 30,000 $100, e00 50,e00 units Product cost per unit under absorption costing

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