A partial listing of costs incurred during March at Febbo Corporation appears be Factory supplies$ 9,000Administrative wages and salaries$ 85,000Direct material staff salaries$ 30,000Factory depreciation$ 33,000Corporate headquarters buildi 43,000Indirect labor$ 26,000 Marketing$ 65,000Direct labor$ 99,000 The total of the product costs listed above for March is: Select one: a. $516,000 b.

A partial listing of costs incurred during March at Febbo Corporation appears be Factory supplies$ 9,000Administrative wages and salaries$ 85,000Direct material staff salaries$ 30,000Factory depreciation$ 33,000Corporate headquarters buildi 43,000Indirect labor$ 26,000 Marketing$ 65,000Direct labor$ 99,000 The total of the product costs listed above for March is: Select one: a. $516,000 b.

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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For the month of January, Vista Corporation produced and sold 12,000 units of a product. Manufacturing and selling costs incurred during January were: Direct material and direct labor 4,800,000 Variable factory overhead 1,080,000 Fixed factory overhead 2,400,000 Variable selling costs 1,200,000 How much is the product’s unit cost under absorption costing ? Group of answer choices P 490 P 500 P510 P 520
Assume the following information appears in the standard cost card for a business that makes only one product: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 5 pounds $ 11.00 per pound $ 55.00 Direct labor 2 hours $ 17.00 per hour $ 34.00 Variable manufacturing overhead 2 hours $ 3.00 per hour $ 6.00 During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. The actual variable overhead cost incurred during the period was $25,000. Assuming a business uses direct labor-hours to compute its predetermined overhead rate, what is the variable overhead spending variance? Multiple Choice $1,600 F $1,600 U $1,000 U $1,000 F
PROVIDE Answer with calculation
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Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 5 pounds $ 11.00 per pound $ 55.00 Direct labor 2 hours $ 17.00 per hour $ 34.00 Variable manufacturing overhead 2 hours $ 3.80 per hour $ 7.60 During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. The actual variable overhead cost incurred during the period was $25,000. Assuming the company uses direct labor-hours to compute its predetermined overhead rate, what is the variable overhead efficiency variance?
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