Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $4,959,300 and materials costs were $26 per unit. Planned production included 5,856 hours to produce 18,300 motor drives. Actual production for August was 1,800 units, and motor drives shipped amounted to 1,470 units. Conversion costs are applied based on units of production From the foregoing information, determine the production costs transferred to Finished Goods during August. Oa. $534,600 Ob. $436,590 Oc. $489,626 Od. $199,238
Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $4,959,300 and materials costs were $26 per unit. Planned production included 5,856 hours to produce 18,300 motor drives. Actual production for August was 1,800 units, and motor drives shipped amounted to 1,470 units. Conversion costs are applied based on units of production From the foregoing information, determine the production costs transferred to Finished Goods during August. Oa. $534,600 Ob. $436,590 Oc. $489,626 Od. $199,238
Chapter1: Financial Statements And Business Decisions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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