Please help me with show all calculation thanku Chapter 16 question 6Information about direct materials cost follows for Jennings Chemicals:Standard price per gallon$ 56Actual quantity usedStandard quantity allowed for productionPrice varianceRequired:What was the actual purchase price per gallon?Note: Round your answer to 2 decimal places.I need this answered asap.4,7604,790$ 24,752gallonsgallonsU

Variance analysis is method of getting comparison actual data with budgeted data. There are various…

Chapter 16 question 6 Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon $56 Actual quantity used 4,760 Standard quantity allowed for production Price variance Required: What was the actual purchase price per gallon? Note: Round your answer to 2 decimal places. I need this answered asap 4,790 $ 24,752 gallons gallons U

Chapter 16 question 6 Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon $56 Actual quantity used 4,760 Standard quantity allowed for production Price variance Required: What was the actual purchase price per gallon? Note: Round your answer to 2 decimal places. I need this answered asap 4,790 $ 24,752 gallons gallons U

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 5BE

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Multiple Choice $2,371 U $7,700 U $10,800 U $16,320 U
Question 26
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QUESTION 7 The following cost details relate to one unit of product C. £ per unit 23.52 20.88 Variable materials Variable labour Production overheads Variable Fixed Selling and distribution overheads Vanable Fixed 3.24 22.46 17.98 8.16 96.24 Total cost In a marginal costing system what will the value of a closing inventory of 3.400 units of C be? Oa f161,976 Ob£223,107 Oc £238.339 Od £327,216
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QUESTION 9 Cost AccountingChoose the answer from the choices
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Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,000 units, is as follows: Direct materials Direct labor Overhead (2/3 of which is variable) Mazeppa has been approached by a distributor in Montana offering to buy a special order consisting of 30,000 relays. Mazeppa has the capacity to fill the order. However, it will incur an additional shipping cost of $2 for each relay it sells to the distributor.
Table 13-1 Price Total Revenue Quantity (dollars) (dollars) 12 345 $7.50 $7.50 7.00 14.00 6.50 19.50 6.00 24.00 5.50 27.50 6 5.00 30.00 Refer to Table 13-1. What portion of the marginal revenue of the 5th unit is due to the output effect and what portion is due to the price effect? O output effect = $5.50; price effect = -$2.00 O output effect = $3.00; price effect = $0.50 O output effect = $1.50; price effect = $2.00 O output effect = $4.00; price effect = -$0.50
8 Eliezrie, Incorporated, manufactures and sells two products: Product G8 and Product 00. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required to produce that output appear below. Product G8 Product 00 Direct Materials. Cost per Unit $ 130.10 $ 130.50 Product G8 Product 00. Total direct labor-hours The direct labor rate is $23.80 per DLH. The direct materials cost per unit for each product is given below: Activity Cost Pools Labor-related Machine setups Order size Expected Hours Per Production Unit 870 6.7 470 3.7 Direct Labor- The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Measures DLHS setups Mis Total Direct Labor- Estimated Overhead Cost Hours 5,829 1,739 7,568 $ 64,055 62,890 374,008 $ 500,953 Expected Activity Product G8 Product 00 5,829 1,739 1,250 685 5,650 6,800 Total 7,568 1,935 12,450 100% e EL
Print Item Question Content Area High-Low Method The manufacturing costs of Kellam Industries for the first three months of the year follow: Total Costs Units Produced January $425,700 2,365 units February 565,710 4,420 March 662,200 6,665 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $fill in the blank 1 b. Total fixed cost $fill in the blank 2
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