(31) A company reports these cost data:Actual Results• Total labor cost: $570,000• Number of units produced: 5,000• Number of labor hours worked: 12,000The company has established these standards:⚫Number of labor hours to produce one unit: 2• Standard labor rate: $50What is the labor rate variance?○ $30,000 F$30,000 U$100,000 F○ $100,000 UO Copy

Step 1: Determine the formula:• Labor Rate Variance = (Actual Rate per Hour - Standard Rate per…

Answered: (31) A company reports these cost data:…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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Assume that the moving activity has an expected cost of 80,000. Expected direct labor hours are 20,000, and expected number of moves is 40,000. The best activity for moving is a. 4 per move. b. 1.33 per hour-move. c. 4 per hour. d. 2 per move. e. e None of these.
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Bush Manufacturing has 31,000 labor hours available for producing M and N. Consider the following information: Product M Product N Required labor time (hrs) 2Maximum demand 6,500 8,000 Contribution margin per unit $5.00 $5.70 If Bush follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate? A. $31,450.B. $63,100.C.$66,700.D. $78,100.E. None of these.
[Fact Pattern #1] The standard direct labor cost to produce 1 pound of output for Not Company is presented below. Related data regarding the planned and actual production activities for the current month for the company are also given below. (DLH = Direct Labor Hours) Direct Labor Standard: .4 DLH @ $12.00 per DLH Planned production Actual production 15,000 pounds 15,500 pounds Actual direct labor costs (6,250 DLH) $75,250 [2] ( Refers to Fact Pattern #1 ) Not Company's direct labor efficiency variance for the current month would be A. $600 unfavorable. B. $3,000 unfavorable. C. $602 unfavorable. D. $2,400 unfavorable.
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Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10060. All amounts are in OMR. |Total Costs |500000 Variable Cost ? | 400000 Fixed Cost |Direct material cost |Total labor cost |Manufacturing Overhead ? 100000 90000 30000 Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y =f+ vX, D. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the month
Identify cost graphsThe following cost graphs illustrate various types of cost behavior: a. Total direct materials costb. Electricity costs of $1,000 per month plus 50.10 per kilowatt-hour c. Per-unit cost of straight-line depreciation on factory equipmentd. Salary of quality control supervisor, 520,000 per monthe. Per-unit direct labor cost
According to following information, which of the following is the total cost function in the form of Y = F+V*X? Number of units produced is 18,000. Fixed Variable Cost Cost Material used in Production 88,000 40,000 Labour used in Production 42,000 38,500 Production Facilities cost 37,000 29,500 TOTAL COST 167,000 108,0OC Select one: • a. Y = 167,000+V*6 Ob. Y 167,000+V*18 c. Y = 275,000+V*108 O d. Y = 108,000+V*275
5. Suppose that Dara manufactures 4 products: A, B, C and D. output and cost data for period just ended are as follows: A B с D Output units 10 10 100 100 Number of production runs in the period hour rate) 2 2 5 Direct labor cost per hours: $5 Overhead costs Short-run variable costs Set-up costs Expediting and scheduling costs Materials handling costs 2. ABC 5 14 Material cost per unit 20 80 20 80 Direct labor hours per unit 1 3 1 3 Machine hours per unit $ 3,080 10,920 9,100 7,700 30,800 ▪ Required Prepare unit costs for each product using: 1. Conventional absorption costing, (Assume that, in the traditional absorption costing system, overheads are a direct labor 1 3 1 3
Provide an answer for question A and B
2.Given the following data, calculate the total product cost per unit under variable costing. Direct labor $3.50 per unit Direct materials $1.25 per unit Overhead Total variable overhead $41,400 Total fixed overhead $150,000 Expected units to be produced 18,000 units a.$4.75 per unit b.$7.05 per unit c.$15.38 per unit d.$13.08 per unit e.$16 per unit
ok int erences Required information [The following information applies to the questions displayed below.] 1 T Mc Graw Hill 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: A Q N Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Total manufacturing overhead cost Manufacturing overhead per unit 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) @ 2 W S X H 7316 command #3 E D 3 C $ 4 - M 2023-01...0.40 PM 2023-01...2.52 PM 2022-12.6.4 ( - C 9 K O ) LO < H L 4) I' P V CO - CA { I + [ E command optio:

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