-/1Question 21View PoliciesCurrent Attempt in ProgressOriole has a standard of 1.5 pounds of materials per unit, at$6 per pound. In producing 2200 units, Oriole used 3500pounds of materials at a total cost of $20475. Oriole'smaterials quantity variance isO $2100 U.O $675 F.O $525 U.O $1200 U.hpinsprt scf12f11f1of9f5f817f6080%3D117

Calculate the standard quantify for 2,200 units.

Answered: -/1 Question 21 View Policies Current…

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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sions Question 10 --/1 ences View Policies prations Current Attempt in Progress LUS Support Vaughn Manufacturing's budgeted manufacturing costs for 40000 squares of shingles are: S. entral 365 Fixed manufacturing costs $12000 Variable manufacturing costs $16 per square Vaughnproduced 30000 squares of shingles during March. How much are budgeted total manufacturing costs in March? O $652000 O $492000 O $640000 O $480000 search
QUESTION 8 Avery Company has compiled the following data for the upcoming year: Sales are expected to be 13300 units at $31 each. • Each unit requires 2.1 pounds of direct materials at $2.1 per pound. • Each unit requires 0.7 hours of direct labor at $14 per hour. Manufacturing overhead is $6 per unit. Selling and administrative costs are $6 per unit What is Avery's budgeted cost of goods sold? M Az
S Proctoring Enabled: Test 2 6 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced Req 1 11,000 Each unit requires 0.30 direct labor-hours and direct laborers are paid $12.50 per hour. In addition, the variable manufacturing overhead rate is $2.05 per direct labor-hour. The fixed manufacturing overhead is $90,000 p quarter. The only noncash element of manufacturing overhead is depreciation, which is $30,000 per quarter. Req 2 and 3 Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole 2&3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhe for each quarter of the upcoming fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. 10,000 Total direct labor cost…
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Standard Cost of Product A: Php Materials (5kgs x Php10 per kg) 50 Labor (4 hrs. x Php 5 per hour) 20 Variable Overheads (4 hrs. x Php 2 per hour) 8 Fixed Overheads (4 hrs x Php 6 per hour) 24 102 Budgeted Results: Production 1,000 units Sales 1,000 units Selling Price Php 150 per unit Actual Results: Production 1,200 units Sales 900 units Materials 4,850 kgs. At Php 46.075 Labor 4.200 hrs at Php 21.210 Determine the material price variance. O Pho195425 (Unfavourable) O Php196425 (Favourable O PhoZ425 (Unfavourable) Pho2425 Favourable)
A product requires the following to make 12 kg: Ingredient P 5 kg at £3 Ingredient Q 7 kg at £2 In January, 960 kg of product used 420 kg of P and 560 kg of Q. Are the material mix and material yield variances favourable or adverse?
Lean Accounting
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Chec The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 3rd Quarter 27,000 4th Quarter 26,000 2nd Quarter Units to be produced 1st Quarter 25,000 28,000 In addition, 50,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $8.800. Each unit requires 8 grams of raw material that costs $1.20 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 8,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% In the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are pald $11.50 per hour. nces Required: 1.&2. Calculate the estimated grams of raw material that need to be purchased and the cost of raw…
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