Drifblim Fine Furniture Manufacturing Inc regularly produces 1,200 kitchen sets per month. The following per unit data apply for sales to regular dealers: Direct Materials P 21,000 Direct Labor 18,250 Variable manufacturing overhead 6,500 Fixed manufacturing overhead 4,125 Total Manufacturing Costs P 49 875

Q: Variable cost per uni

A: The total cost of production of a good comprises of the total fixed cost of production and the total…

Q: K A furniture corporation manufactures two models of furniture Standard and Deluxe. The total…

A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Q: Total Direct Direct Labor- Hours Labor-Hours Expected Production Per Unit Product H2 130 6.3 819…

A: OAR stands for Overhead absorption rate refers to the rate which is charged to the cost unit that is…

Q: Rollins Company manufactures two products—S500 and T750. The company provided the following…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: A company's standard cost system requires 7,000 direct labor hours per month jg. qtler taproduce…

A: The objective of this question is to calculate the direct materials price variance and direct labor…

Q: Flint Corporation makes a commercial-grade cooking griddle. The following information is available…

A: Fixed manufacturing overhead per unit = Fixed manufacturing overhead/Annual volume Fixed selling and…

Q: The Wes Company manufactures several different products. Unit costs associated with Produc follows:…

A: The overall cost of closing inventory (also known as the cost of goods sold) is referred to as…

Q: Buena Company manufactures a single product and has the following cost structure: Variable costing…

A: Under variable costing , only variable manufacturing cost is taken as product cost and not the fixed…

Q: COVID 19 Co has provided the following data from its activity-based costing system: Activity Cost…

A: Cost per activity = Total cost / Total activity Assembly = $1,443,140/59,000 hours = $24.46…

Q: Bohol Corporation makes a product with the following standard costs. Standard Quantity or Hours…

A: Variances are the difference between a standard cost and and the comparable actual cost incurred…

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A: Calculation of activity rate : Activity Cost Pool ( A )  Total Activity ( B ) Total Cost ( C )…

Q: Alpha Company manufactures a single product, the Whiz Mixer kitchen appliance, which it sells for…

A: Absorption costingUnder absorption costing, both direct and indirect manufacturing costs are…

Q: Martinez Company's relevant range of production is 7,500 units to 12,500 units. V ts average costs…

A: Lets understand the basics.Costs are mainly divided into,(1) Variable costs(2) Fixed costs The…

Q: Celebes Corporation makes a product with the following standard costs: Direct Materials Direct Labor…

A: Material price variance :Difference between the actual costs and standard costs for the actual…

Q: IronBallon Co.makes two beverages: ZIPA and Zager. The following data is summarized: Cost ZIPA…

A: Under activity-based costing method, the cost is allocated to each activity based on its…

Q: BagitUp Company manufactures paper bags. Consider the following selected data: Direct Materials…

A: The objective of the question is to calculate the price variance for direct materials, quantity…

Q: Please accurately answer ASAP Andretti Company has a single product called a Dak. The company…

A: As per the Bartleby Guidelines if multiple sub-parts are posted then we need to answer the first…

Q: Andretti Company has a single product called a Dak. The company normally produces and sells 86,000…

A: The decision related to whether to continue producing the goods or let the business be closed for…

Q: Puritan Apparels is a clothing retailer. Unit costs associated with one of its products, Product DCF…

A: Indirect non-manufacturing variable costs mean the costs which are not directly related to the…

Q: Grover Company has the following data for the production and sale of 2,200 units. Sales price per…

A: Prime costs are the product cost which consists of direct material and direct labor cost.Direct…

Q: Robin Company reported the following costs for the current month: Direct materials used $ 8,500…

A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a Product. Total Cost Includes…

Q: a. If R uses FIFO inventory accounting, what would be the gross profit for the period? Gross profit…

A: The inventory method, which is to be used, is the FIFO method of inventory accounting.The cost of…

Q: Smoky Mountain Corporation makes two types of hiking boots-Xtreme and Pathfinder. Data concerning…

A: The process or strategy used by companies to ascertain the expenses related to creating a good or…

Q: 1. Sunshine Company manufactures and sells a single product. Cost data for the product are given…

A: Since we answer up to three subparts, I'm answering the first three parts. Please resubmit the…

Q: Allocating activity cost pools to products

A: Manufacturing overheads are indirect costs .  Indirect costs [ here power…

Q: Product X Product Y Sales price per unit $52 $40 Direct materials cost per unit $18 $8…

A: Consider the following production and cost data for two products, X and Y, manufactured by Company.…

Q: BettaFish Inc. applies factory overhead as follows: * Department Per Machine Hour Fabricating…

A: Overheads means all type of indirect costs that are being incurred in the business and these costs…

Q: Marshall Grocery Delivery Service reports the following information:   Direct labor rate per hour $…

A: Markup Means The Value Added To The Cost Price Of Product. The Value Added Is Known As Markup.

Q: A company manufacturing two products furnishes the following data Annual output Product Output…

A: 1. Machine hour rate =  total Volume related activity cost                           total  machine…

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A: Traditional Costing MethodThe traditional costing methodology, which is focused on assigning…

Q: 13,5 Tukwila Company uses activity-based costing system and has the following activity cost pools:…

A: Activity overhead Cost Producing Units Processing Units Customer Support Other Indirect Factory…

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A: Contribution Margin is a measure of the amount of revenue left over after subtracting the variable…

Q: Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost…

A: Direct materials $   12   Direct labor $   10   Indirect material $     2   Variable…

Q: BFAR Company currently produces 1,000 tires per month. The following per unit data apply for sales…

A: Variable costs are the costs that directly change with the varying level of business activity.

Q: Linden Company manufactures and sells a single product. Cost data for the product follow: Variable…

A: Answer a)

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A: The costs which is directly related to the production or manufacturing of goods refer to the…

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.