Hello tutor answer these general accounting question not use chatgpt Brown Protein Powder produces a dietary supplement. The standard costof producing one unit is:Material (1.30 pounds x $2.30) $2.99Labor (1.20 hours x $10.00)Overhead12.00?Standard variable overhead is $8.00 per unit, and fixed annual overhead is$100,800. At the start of 2014, expected production was 25,200 units. During2014, 30,000 units were produced. The following information, related toactual costs incurred in 2014, is available:1. Purchased 40,000 pounds of material for $84,400.2. Used 39,010 pounds of material.3. Worked 32,455 labor hours costing $371,700.4. Actual overhead incurred was $325,600.Compute the standard overhead rate per unit.

Step 1: Define Standard Costing The standard costing method helps the company know the expectations…

Answered: Brown Protein Powder produces a dietary…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 6PA: Gent Designs requires three units of part A for every unit of Al that it produces. Currently, part A...

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Rumington Popcorn uses a standard cost system and applies overhead on a per unit basis. The company estimated that 40,000 units would be produced in 2020 and uses this quantity to establish its standard overhead cost per unit. The cost formula for overhead costs used to develop the standard overhead cost per unit was: Overhead = $120,000 + $6 per unit During the year, actual overhead cost was $340,000. Actual units produced were 39,000. How much is the overhead volume variance for 2020? $3,250 unfavorable $3,850 unfavorable $4,000 unfavorable $3,000 unfavorable $2,700 unfavorable
Eminem, Inc. manufactures music CDs. At the start of 2021, Eminem planned to produce 110,000 CDs for which the standard cost for each CD is: Plastic (0.25 pounds at $6.00 per pound) $1.50 Labor (0.10 hour at $12.00 per hour) 1.20 Overhead ($0.70 fixed and $0.90 variable) 1.60 Total $4.30 Overhead is allocated based on the number of units produced. Eminem isolates material purchase variances at the point of purchase. The following information summarizes Eminem’s results for 2021: Actual production 112,000 CDs Actual variable overhead $91,000 Actual fixed overhead $85,500 How much is the controllable overhead variance for 2021? $4,400 favorable $1,300 favorable $1,600 favorable $5,000 favorable $1,800 favorable
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The Molis Corporation has the capacity to produce 15,000 hats each month. Current regular production and sales are 10,000 hats per month at a selling price of $15 each. Based on this level of activity, the following unit costs are incurred: Per Unit Direct Material $5.00 Direct Labor $3.00 Variable manufacturing overhead $0.75 Fixed manufacturing overhead $1.05 Variable selling expenses $0.75 Fixed SG&A expense $1.00 Unit product cost $12.00 The Molis Corporation has received a special order from a customer who wants to pay a reduced price of $10 per hat. There would be no selling expense in connection with this special order. And, this order would have no effect on the company's other sales. Suppose the special order is for 4,500 hats this month. If this offer is accepted by Molis, what is the impact on the company's operating income.
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Scotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.70 Total $10.85 At the start of 2021, Scotch Brand planned to produce 20,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $18,000 and the variable overhead costs are budgeted at $1.80 per case. The following information summarizes the results for 2021: Actual production, 21,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…
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