Fleck's standard quantities for 1 unit of the product include 2 pounds of materials and 1.5 labor hours. The standard rates are $4 per pound and $14 per hour. The standard overhead rate is $16 per direct labor hour. The total standard cost of Fleck's product is: A) $29 B) $34 C) $45 D) $53
Q: Solve this financial accounting problem
A: Return on Total Assets (ROA) is calculated using the formula: ROA=Average Total AssetsNet…
Q: Under variable costing total period costs are?
A: Step 1: Formula Under variable costing, the fixed production costs are period costs. Only the…
Q: What is the direct material price variance on these general accounting question?
A: The Direct Material Price Variance measures the difference between the actual cost of materials and…
Q: Calculate the amount of gross profit
A: Explanation of Perpetual Inventory System: A perpetual inventory system continuously tracks…
Q: Gross profit ratio is??
A: Step 1: Information givenNet sales = $1,350,000Cost of goods sold = $1,026,000Step 2: Calculation of…
Q: Determine the depreciation for the month
A: Explanation of Units-of-Production Depreciation Method: This is a depreciation method that allocates…
Q: How much greater or less is this than the cost that was incurred ?
A: Explanation of Standard Cost:The standard cost represents the expected cost of direct materials,…
Q: Financial Accounting Question
A: The question requires the determination of the required rate of return.The required rate of return…
Q: Determine their respective contribution margin
A: Formula for Degree of Operating Leverage (DOL):DOL = Contribution Margin / Net Income We are given…
Q: General Accounting question
A: Step 1: DefinitionFICA Tax (Federal Insurance Contributions Act Tax) is a payroll tax that funds…
Q: i want to this question answer General accounting
A: Step 1: Define Simple interest grows linearly, while compound interest grows exponentially. The…
Q: Direct labor cost was
A: Concept of Total Manufacturing CostTotal Manufacturing Cost represents the total expenses incurred…
Q: Hi expert please help this question
A: To calculate the after-tax income from the special project, follow these steps: 1. Determine the…
Q: Cost incurred 60500 , standard proces 65000 direct material
A: The spending variance for materials measures the total difference between actual costs and expected…
Q: What are impaired assets and its pros and cons?
A: An impaired asset is a company's asset that has a market price less than the value listed on the…
Q: 4 POINT
A: The question pertains to an amortized loan. An amortized loan is a loan in which the principal…
Q: ??
A: a) Operating LeverageOperating Leverage = Contribution Margin / Operating ProfitOperating Leverage =…
Q: Nitin Sweets believes its advertising expenditures are too high and wants to cut $600,000 from the…
A: Final Recommendation: Since the decision results in a neutral short-term financial impact,…
Q: hi expert please help me
A: Step 1: Definition of Adjusting EntriesAdjusting entries are necessary in accounting to recognize…
Q: Calculate the direct labor rate variance
A: Step 1: First, we calculate the direct labor rate variance. Actual rate = $37,980 / 4,120 hours…
Q: can you please solve this?? general account
A: We can calculate the book value per share and earnings per share (EPS) using the given market value…
Q: Cash flow cycle accounting
A: Step 1: Information givenAverage Age of Inventory = 90 daysAverage Age of Accounts Receivable = 65…
Q: Parsons Company is planning to produce 2, 100 units of product in 2017. Each unit requires 2.20…
A: The question requires the determination of the total direct materials, direct labor and overhead…
Q: What is the variable overhead expenditure variance for the period?
A: Step 1: Definition of Variable Overhead Expenditure VarianceThe Variable Overhead Expenditure…
Q: Compute the spending variance for materials
A: Explanation of Spending Variance:Spending variance measures the difference between the actual cost…
Q: MCQ
A: Explanation of Variable Costing: Variable costing is a method of product costing that only includes…
Q: What is the net income for the year?
A: Explanation of Net Income: This represents the company's profit calculated by subtracting all…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Dividend PayoutThe Dividend Payout refers to the portion of a company's earnings that…
Q: hi expert please help me
A: To determine the Return on Equity (ROE) for both financing scenarios, we use the formula:ROE = Net…
Q: Financial Accounting Question
A: Step 1: Define Return on Investment (ROI)The Return on Investment (ROI) measures the profitability…
Q: Financial accounting question
A: Actual Output = 150 calls per dayDesign Capacity = 200 calls per dayUtilization = (Actual Output /…
Q: What is the capital gain yield?
A: 1. Understand the components of Total ReturnTotal Return = Dividend Yield + Capital Gains Yield2.…
Q: PLEASE HELP ME WITH THIS
A: Detailed explanation:Note: Instructions say round final answer to 0 decimal answer places. January…
Q: What was the allocation to product? Accounting
A: Step 1: Define Plantwide AllocationIn plantwide allocation, the company uses one allocation base in…
Q: Solve this financial accounting Problem
A: Explanation of Return on Equity (ROE): Return on Equity (ROE) measures a company's ability to…
Q: What is the labor rate variance for the month
A: The labor rate variance refers to the difference between standard cost and actual cost, brought…
Q: Ans plz accounting
A: To calculate the cash flow cycle, we use the formula:Cash Flow Cycle = Average Age of Inventory +…
Q: What is the annual future cash flow for this investment on these financial accounting question?
A: Step 1: Define Annual Future Cash FlowAnnual future cash flow represents the expected cash inflows…
Q: Direct labor hour for variable overhead?
A: Step 1: Definition of Standard Cost per Direct Labor Hour for Variable OverheadThe standard cost per…
Q: How much net operating income will be reported for the period?
A: Calculation of Total Operating ExpensesTotal Operating Expenses = Selling Expenses + Administrative…
Q: Gross profit? & General Account
A: To calculate the gross profit and the gross profit ratio for the year, use the following formulas:…
Q: Need answer the financial accounting question
A: Step 1: Define Debt-to-Equity RatioThe ratio measures the extent to which a company is financed by…
Q: provide correct answer general accounting
A: Step 1: Definition of Job Order Costing SystemA job order costing system is used by businesses that…
Q: provide correct answer general accounting
A: Step 1: Definition of Cash Conversion CycleThe time length between the payment for raw material…
Q: plz answer
A: To find the book value per share and earnings per share (EPS) based on the given market value…
Q: 4 POINTS
A: 1. Calculate Gross ProfitGross Profit = Sales - Cost of Goods Sold (COGS)Gross Profit = $300,000 -…
Q: hello teacher please answer
A: Step 1: Definition of Accounting EquationThe elements of accounting are impacted each time a…
Q: 4 POINTS
A: Explanation of Net Income:The Net Income represents the profit a company earns after subtracting all…
Q: Ans?? General Accounting
A: Step 1: Define Zero-Coupon Bond with Semiannual CompoundingA zero-coupon bond does not make periodic…
Q: Need help with this general accounting question
A: Step 1: Define Materials Quantity VarianceThe Materials Quantity Variance measures the difference…
Step by step
Solved in 2 steps
- Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours
- Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?
- Rocks Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: Â What is the activity rate for each cost pool?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
- Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?Green Bay Cheese Company estimates its overhead to be $375,000. It expects to have 125,000 direct labor hours costing $1,500,000 in labor and utilizing 15,000 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hoursRex Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: What is the activity rate for each cost pool?