Omega Corp. has a material standard of 1.8 pounds per unit of output. Each pound has a standard price of $12 per pound. During March, Omega Corp. paid $48,600 for 4,050 pounds, which were used to produce 2,300 units. What is the direct materials quantity variance?
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- Assume the following: . The standard price per pound Is $2.35. . The standard quantity of pounds allowed per unit of finished goods is 4 pounds, • The actual quantity of materlals purchased was 53,000 pounds, whereas the quantity of materlals used In production was 51,000 pounds. The actual purchase price per pound of materlals was $2.25. • The company produced 13,000 units of finlshed goods during the perlod. What Is the materlals quantity varlance? Multiple Choice $4.700 F $2,250 F $2,350 F $4,500 FIf a company expects to produce 1,778 units of Finished Goods; and Each Finished Good is expected to get 7 pounds of Raw Material; and Raw Material is expected to cost $ 5.00 per pound. (Round answers to the nearest whole dollar/input code: 0): Part 1: If all expectations are met without deviation, how much will the company expect for total raw materials cost Part 2: If the company ends up producing 1,662 units of Finished Goods, what would their updated expectation of total raw materials cost be? $Erkkila Inc. reports that at an activity level of 6,100 machine-hours in a month, its total variable inspection cost is $425,480 and its total fixed inspection cost is $166,656. What would be the total variable inspection cost at an activity level of 6,400 machine-hours in a month? Assume that this level of activity is within the relevant range.
- A company expects to manufacture 7,000 units. Its direct material costs are $10 per unit, direct labor is $9 per unit, and variable overhead is $3 per unit. The fixed overhead is estimated at $49,000. How much would each unit cost under both the variable method and the absorption method?Sierra Company produces its product at a total cost of $120 per unit. Of this amount, $40 per unit is selling and administrative costs. The total variable cost is $96 per unit, and the desired profit is $24.00 per unit. Determine the markup percentage using the (a) total cost, (b) product cost, and (c) variable cost methods. Round your answers to one decimal place. a. Total cost b. Product cost c. Variable cost % % %Fleurant, Inc., manufactures and sells two products: Product W2 and Product P8. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product W2 400 4 1,600 Product P8 800 2 1,600 Total direct labor-hours 3,200 The direct labor rate is $31.10 per DLH. The direct materials cost per unit is $197.60 for Product W2 and $134.30 for Product P8. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product W2 Product P8 Total Labor-related DLHs $ 212,576 1,600 1,600 3,200 Production orders orders 17,938 420 320 740 Order size MHs 236,686 3,820 3,620 7,440 $ 467,200 If the company…
- Eckhart Corp. reports that at an activity level of 5,800 machine-hours in a month, its total variable inspection cost is $348,240 and its total fixed inspection cost is $128,500. What would be the total variable inspection cost at an activity level of 6,100 machine-hours in a month? Assume that this level of activity is within the relevant range.What would be the total production enginnering cost per unitRubber and Steel Company is planning to manufacture a new product. The variable manufacturing costs will be $66 per unit and the fixed costs are estimated to be $6490. The selling price of the product is to be $137 per unit. Variable selling expense is expected to be $16 per unit. (a) Calculate the contribution margin per unit. (b) Determine the contribution rate. (c) Calculate the break-even point in units. (d) Determine the break-even point in sales dollars. (a) The contribution margin per unit is S. (Type a whole number.) (b) The contribution rate is %. (Round to two decimal places as needed.) (c) The break-even point is units. (Round up to the nearest unit.) (d) The break-even point in sales dollars is $. (Type a whole number.)
- Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3 is 1,100 units and of Product N0 is 400 units. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product R3 1,100 10.0 11,000 Product N0 400 5.0 2,000 Total direct labor-hours 13,000 The direct labor rate is $20.60 per DLH. The direct materials cost per unit is $211.00 for Product R3 and $287.00 for Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product R3 Product N0 Total Labor-related DLHs $ 40,636 11,000 2,000 13,000 Production orders orders 65,880…Company XYZ is currently producing AND selling 10,000 units of product A. At this level, the total product cost was $60,000. This included $10,000 direct materials, $20,000 direct labor and $30,000 manufacturing overhead cost, which included 20% variable manufacturing overhead cost. The selling and administrative expenses were $100,000, which included $60,000 fixed selling and administrative costs. Assume that the selling price per unit $20, how much was the total contribution margin?Rondeau, Incorporated, manufactures and sells two products: Product V9 and Product M6. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product V9 Product M6 Total direct labor-hours Product V9 Product M6 The direct labor rate is $24.20 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit $275.60 $ 168.80 Activity Cost Pools Labor-related Product testing Order size The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Required: Calculate the difference betwee the unit Expected Production 340 440 Traditional unit product cost ABC unit product cost Difference $ DLHs Tests MHS Product V9 Activity Measures Estimated Overhead Cost Direct Labor-Hours Per Unit 9.4 6.4 Product M6 0.00 $ Total Direct Labor-Hours 3,196 2,816 6,012 0.00 $ 95,656…
