Brightline Electronics manufactures wireless headphones. During the past quarter, the company purchased 42,500,000 feet of copper wire at a cost of $0.32 per foot. per foot. The standard The standard direct material specification allows 6.75 feet of copper wire per headphone at a standard price of $0.30 per foot. During the quarter, Brightline Electronics used a total of 396,250 feet of copper wire to produce 62,000 headphones. Calculate Brightline Electronics' direct materials quantity variance for the quarter.
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- Need answerRogers Rods & Reels Ltd. manufactures and sells various types of fishing equipment. At the end of 2011, Rogers had estimated for the production and sale of 15,000 bass fishing rods. Each rod has a standard calling for 1.5 pounds of direct material at a standard rate of $800 per pound and 15 minutes of direct labor time at a standard rate of $.18 per minute. During 2012, Rogers actually produced and sold 16,000 rods. These 16,000 rods had an actual direct materials cost of $179,200 (25,600 pounds at $7.00 per pound) and an actual direct labor cost of $44,800 (224,000 minutes at $.20 per minute). Each rod sells for $50. Refer to the Rogers Rods & Reels Ltd. information above. What is Rogers' flexible budget variance? О 11,200 F О011,200 U 3,500 F 3,500 UJones Products manufactures and sells to wholesalers approximately 200,000 packages per year of underwater markers at $3.84 per package. Annual costs for the production and sale of this quantity are shown in the table. Direct materials $ 256,000 Direct labor 64,000 Overhead 192,000 Selling expenses 80,000 Administrative expenses 53,000 Total costs and expenses $ 645,000 A new wholesaler has offered to buy 33,000 packages for $3.37 each. These markers would be marketed under the wholesaler’s name and would not affect Jones Products’s sales through its normal channels. A study of the costs of this additional business reveals the following: Direct materials costs are 100% variable. Per unit direct labor costs for the additional units would be 50% higher than normal because their production would require overtime pay at 1½ times the usual labor rate. 25% of the normal annual overhead costs are fixed at any production level from 150,000…
- Johnson Electrical produces industrial ventilation fans. The company plans to manufacture 87,000 fans evenly over the next quarter at the following costs direct material, $1,740,000, direct labor, $522,000, variable production overhead, $639,450, and fixed production overhead. $960,000. The $960,000 amount includes $84,000 of straight-line depreciation and $105,000 of supervisory salaries Shortly after the conclusion of the quarter's first month, Johnson reported the following costs: Direct material Direct labor $ 554,600 159,300 Variable production overhead Depreciation 220,000 28,000 Supervisory salaries 37,600 Other fixed production overhead Total 252,000 $1,251,500 Dave Kellerman and his crews turned out 25,000 fans during the month a remarkable feat given that the firm's manufacturing plant was closed for several days because of storm damage and flooding Kellerman was especially pleased with the fact that overall financial performance for the period was favorable when compared…Johnson Electrical produces industrial ventilation fans. The company plans to manufacture 84,000 fans evenly over the next quarter at the following costs: direct material, $1,932,000; direct labor, $588,000; variable production overhead, $659,400; and fixed production overhead, $951,000. The $951,000 amount includes $96,000 of straight-line depreciation and $108,000 of supervisory salaries. Shortly after the conclusion of the quarter’s first month, Johnson reported the following costs: Direct material $ 601,500 Direct labor 187,600 Variable production overhead 225,000 Depreciation 32,000 Supervisory salaries 38,700 Other fixed production overhead 248,000 Total $ 1,332,800 Dave Kellerman and his crews turned out 25,000 fans during the month—a remarkable feat given that the firm’s manufacturing plant was closed for several days because of storm damage and flooding. Kellerman was especially pleased with the fact that overall…Sprocket Partners (SP) produces specialty sprocket products. The company expects to pay $12.20 per kilogram for their raw materials. SP purchased 4,257 kilograms of materials during the month of December for $13.20 per kilogram. A standard of 1.50 kilograms of material is expected to be used for each specialty sprocket product produced. Even though SP expected to produce 988 finished products, they actually produced 954 finished specialty sprocket products during the month of December and used 1,454.0 kilograms of raw materials. Round your final answers to the nearest whole dollar/input code 0 ● Enter a favorable variance as a positive number (no sign needed) ● Enter an unfavorable variances as a negative number (minus sign in front of the digits) How much is the Price Variance? $ How much is the Quantity Variance? $
- Sala pipe fittings produce pipe elbows and reducers from stainless steel. The company can process up to 20923 tonnes of stainless steel sheets in a year. The company pays the steel company $1318 per tonne of stainless steel sheets and each tonne is used to manufacture $3906 worth of elbows and reducers. Variable processing costs are $438 per tonne and fixed processing costs $4 million per year at all production levels. Administrative overhead is $2 million per year regardless of the volume of the production. Marketing and transportation costs work out to be $393 per tonne. Determine the break-even volume in terms of percent capacity utilization. Answer to two decimals without a % sign. Ex, 14.25% is entered as 14.25 Hint: The fixed costs need to be mulitplied by 1,000,000 Answer: ?Harcourt Manufacturing (HM) has the capacity to produce 11,800 fax machines per year. HM currently produces and sells 8,800 units per year. The fax machines normally sell for $280 each. Modem Products has offered to buy 3,800 fax machines from HM for $150 each. Unit-level costs associated with manufacturing the fax machines are $51 each for direct labor and $76 each for direct materials. Product-level and facility-level costs are $68,000 and $83,000, respectively. How much would profit increase (decrease) if HM accepted this special order?Vintage Audio Inc. manufactures audio speakers. Each speaker requires $96 per unit of direct materials. The speaker manufacturing assembly cell includes the following estimated costs for the period: Speaker assembly cell, estimated costs: Labor Depreciation Supplies Power Total cell costs for the period The operating plan calls for 195 operating hours for the period. Each speaker requires 12 minutes of cell process time. The unit selling price for ach speaker is $260. During the period, the following transactions occurred: 1. Purchased materials to produce 650 speaker units. 2. Applied conversion costs to production of 620 speaker units. 3. Completed and transferred 590 speaker units to finished goods. 4. Sold 565 speaker units. There were no inventories at the beginning of the period. a. Journalize the summary transactions (1)-(4) for the period. Round the per unit cost to the nearest cent and use in subsequent computations. If an amount box does not require an entry, leave it blank.…
- Magic Realm, Inc., has developed a new fantasy board game. The company sold 15,000 games last year at a selling price of $20 per game. Fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor.Required:1. Prepare a contribution format income statement for the game last year and compute the degree of operating leverage.2. Management is confident that the company can sell 18,000 games next year (an increase of 3,000 games, or 20%, over last year). Given this assumption:a. What is the expected percentage increase in net operating income for next year?b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.)Caldwell Supply, a wholesaler, has determined that its operations have three primary activities: purchasing, warehousing, and distributing. The firm reports the following operating data for the year just completed: Caldwell buys 100,900 units at an average unit cost of $19 and sells them at an average unit price of $29. The firm also has fixed operating costs of $250,900 for the year. Caldwell's customers are demanding a 19% discount for the coming year. The company expects to sell the same amount if the demand for price reduction can be met. Caldwell's suppliers, however, are willing to give only a 14% discount. Required: Caldwell has estimated that it can reduce the number of purchase orders to 770 and can decrease the cost of shipment by $12 with minor changes in its operations. Any further cost savings must come from reengineering the warehousing processes. What is the maximum cost (i.e., target cost) for warehousing if the firm desires to earn the same amount of profit next year?Advance Auto purchases a component used in the manufacture of automobile generators directly from the supplier. Advance Auto’s generator production operation, which is operated at a constant rate will require 1000 components per month throughout the year (12,000 units annually). Assume the ordering costs are $25 per order, the unit cost is $2.50 per component, and annual holding costs are 20% of the value of the inventory. Advance Auto has 250 working days per year and a lead time of 5 days. Answer the following inventory policy questions: What is the EOQ for this component? What is the reorder point? What is the cycle time? What are the total annual holding and ordering costs associated with your recommended EOQ?

