### Cost Analysis for Preble Company Product**Standard Cost Card per Unit:**- **Direct Material:** 4 pounds at $9.00 per pound = **$36.00**- **Direct Labor:** 3 hours at $15 per hour = **$45.00**- **Variable Overhead:** 3 hours at $6 per hour = **$18.00**- **Total Standard Variable Cost per Unit:** **$99.00**---**Cost Formulas for Selling Expenses:**- **Advertising:** - Fixed Cost per Month: **$210,000**- **Sales Salaries and Commissions:** - Fixed Cost per Month: **$120,000** - Variable Cost per Unit Sold: **$13.00**- **Shipping Expenses:** - Variable Cost per Unit Sold: **$4.00**---### Budget and Actual Data for March- **Planning Budget:** Based on producing and selling 26,000 units.- **Actual Production and Sales:** 31,000 units.- **Incurred Costs:** a. **Raw Materials:** 155,000 pounds purchased at $7.20 per pound, all used in production. b. **Direct Labor:** 56,000 hours at $16.00 per hour. c. **Total Variable Manufacturing Overhead:** **$524,720** d. **Expenses:** - Advertising: **$220,000** - Sales Salaries and Commissions: **$460,000** - Shipping Expenses: **$125,000**---### Direct Labor Efficiency Variance for March**Question:** What is the direct labor efficiency variance for March? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect. Input the amount as a positive value.) - **Direct Labor Efficiency Variance**: [Input Box]This information provides a comprehensive overview of the manufacturing costs, budgeted versus actual production, and efficiency variance.

Answer :Direct labor efficiency variance = (Standard hours - Actual hours) * Standard rate Standard…

Answered: 3 hours a able cost

Business

Accounting

3 hours a able cost

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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what is the break even sales dollars if the fixed expenses are 7,000 and the contribution ratio is 40%
Consider the following production and cost data for two products, H and C: Product H $120 10 minutes Product C $112 8 minutes Contribution margin per unit Machine minutes needed per unit A total of 60,000 machine minutes are available each period and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period? Multiple Choice O $780,000 $1,560,000 $840,000 $720,000
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Cycle Time and Velocity Bemidii Company has the following data for one of its production departments: Theoretical velocity: 620 units per hour Productive minutes available per year: 31,000,000 Annual conversion costs: $186,000,000 Actual velocity: 310 units per hour Required: 1. Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute. Round your actual cycle time answer to three decimal places and your cost per unit answer to the nearest cent. Actual cycle time Standard cost per minute Conversion cost per unit 2. Calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute. If required, round your intermediate calculations and final answers to two decimal places. Theoretical cycle time minutes per unit per unit Conversion cost per unit What incentive exists for managers when cycle time costing is used? minutes per unit $ per minute per unit 3. What if the actual velocity is 434 units per hour?…
calculate the break leven sales dellas it the Fixed expenses are $7000 + the contribution ratio is 40%
When Isaiah Company has fixed costs of $115,440 and the contribution margin is $26, the break-even point is a. 13,020 units b. 5,870 units Oc. 8,880 units d. 4,440 units
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