3 -t 1 of 2 5 ts Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH Direct materials Direct labor Skipped Overhead 2 DLH @ $12 per DLH Units manufactured eBook Compute the 201 Actual Results 48,500 pounds @ $8.10 per pound 15,700 hours @ $16.50 per hour $ 198,000 8,000 units Hint Print eferences (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. AQ Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Actual Cost $ 0 $ EA 0 0 $ 0 Standard Cost S ----

3 -t 1 of 2 5 ts Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH Direct materials Direct labor Skipped Overhead 2 DLH @ $12 per DLH Units manufactured eBook Compute the 201 Actual Results 48,500 pounds @ $8.10 per pound 15,700 hours @ $16.50 per hour $ 198,000 8,000 units Hint Print eferences (1) direct materials price variance and (2) direct materials quantity variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places. AQ Actual Quantity SQ Standard Quantity AP = Actual Price SP Standard Price Actual Cost $ 0 $ EA 0 0 $ 0 Standard Cost S ----

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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A department had the following information for the month: Total materials costs P45,000 Conversion cost per unit P3.00 Total manufacturing cost per unit P5.50 What are the equivalent units of production for materials?
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $16 per DLH 3 DLH @ $12 per DLH Direct materials Direct labor Overhead Units manufactured (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Direct materials Direct labor Overhead Total Required 3 Prepare the standard cost card showing standard cost per unit. $ Required 4 Actual Results 46,100 pounds @ $8.20 per pound 22,500 hours @ $16.50 per hour $ 278,600 7,600 units < Required 1 Required 2
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Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @ $7 per pound 3 DLH @ $15 per DLH 3 DLH @ $12 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Actual Results 42,400 pounds @ $7.20 per pound 25,000 hours @ $15.60 per hour $ 307,700 8,400 units
JIngredient A12H is a material used to make Calvin Corporation's major product. The standard cost of Ingredient A12H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below: a) debit of $3,680. b) credit of $3,680. c) credit of $4,140. d) debit of $4,140.
5. The following data refer to the units processed by the Grinding Department for a recent month: Beginning WIP 12,000 units Units started 200,000 units Units completed Ending WIP 192,000 units 20,000 units The beginning work-in-process was 60% complete, and the ending work-in-process is 70% complete. What are the EUP for the month? FIFO Average FIFO Average a. 206,000 198,800 с. 206,000 206,000 b. 198,800 206,000 d. 198,800 198,800
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