--/1Question 3View PoliciesCurrent Attempt in ProgressThe standard rate of pay is $10 per direct labor hour. If theactual direct labor payroll was $39,200 for 4,000 directlabor hours worked, the direct labor price variance isO $1,000 favorable.O $800 unfavorable.O $1,000 unfavorable.O $800 favorable.hpfg181716

Calculation of direct labor price variance:

Answered: --/1 Question 3 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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47 ces At a break-even point of 450 units, variable costs were $675 and fixed costs were $405. What will the 451st unit sold contribute to operating profits before income taxes? here to search Multiple Choice O O O $3.30 $2.40 $0.90 $1.50 37°F Cloudy la 4 7:33 F 12/12/2
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Exercise 11-10A (Algo) Fixed versus variable cost behavior LO 11-1, 11-2 Jordan Entertainment sponsors rock concerts. The company is considering a contract to hire a band at a cost of $85,000 per concert. Required a. What are the total band cost and the cost per person if concert attendance is 5,000, 5,500, 6,000, 6,500, or 7,000? b. Is the cost of hiring the band a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B What are the total band cost and the cost per person if concert attendance is 5,000, 5,500, 6,000, 6,500, or 7,000? Note: Round "Cost per person" answers to 2 decimal places. Number attending Total cost of concert Cost per person 5,000 5,500 6,000 6,500 7,000
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Kimmel, Accounting, 7e Help | System Announcements 16 PM/ Remaining: 23 min. CALCULATOR PRINTER VERSION 1 BACK NEXT Problem 21-01A National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Total Unit Direct materials Direct labor $44 Variable manufacturing overhead $15 Fixed manufacturing overhead $1,377,000 Variable selling and administrative expenses $ 5 Fixed selling and administrative expenses $ 1,053,000 These costs are based on a budgeted volume of 81,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. GMX
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QUESTION 4 (S) 20 Direct material cost: ($) 20 Direct labor cost: 10 The following anticipated data are for the next year of operations: Per unit Variable production overhead 10 Variable nonproduction overhead 5 They are estimated the fixed production overhead; fixed nonproduction overhead of 5'mil 0.9 and 5'mil 0.1 respectively. There is no opening inventory; budgeted production and sales volume is 120,000 units. Requirements: 1. Compute product cost under absorption costing and unit selling price if the markup percentage is 50% of product cost. 2. If the company want to achieve target net income of $'mil 3.6, how many percentages of margin on variable cost should be applied
File P18 12 13 14 15 A B Function: IF; Subtract; Multiply; Cell Referencing 16 17 18 19 20 Home Insert Page Layout Formulas :X ✓ fx V 21 22 23 24 25 ExcelAssignmentChapter 10 Question2 ✓ BE10.8-Using Excel to Calculate Direct Labor Variances 120 PROBLEM Ready Rob, the production manager, was pleased at the company's income statement results, even though actual sales volume came in below. original projections. Information concerning the budgeted and 3 actual amounts for direct labor are provided here. 3 _0 11 Data Review Actual direct labor cost Budgeted direct labor cost Actual direct labor hours used Actual units produced and sold Units below budget for sales volume Budgeted direct labor hours per unit Budgeted direct labor rate per hour 75°F Clear Enter Answer Accessibility: Investigate C $ 55,000 $ 63,000 $ 2,500 1,200 200 2 22.50 D ▬▬▬ View O Search Developer Help Acrobat E Search (Alt+Q) F G H 1 Actual Calculate the company's DL price and DL efficiency variances. $ L Student Work…

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