Need help with these two problems. Thanks! Philadelphia Company has the following information for March:SalesVariable cost of goods soldFixed manufacturing costsVariable selling and administrative expensesFixed selling and administrative expensesDetermine the March:a. Manufacturing marginb. Contribution marginc. Operating income for Philadelphia Company$477,871202,54276,83850,32933,942 Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of $16.90 per hour. Production of 3,800 units required 7,370 hours at an hourlyrate of $16.40 per hour.What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers.a. Direct labor rate varianceb. Direct labor time variancec. Total direct labor cost varianceFavorableUnfavorable

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Philadelphia Company has the following information for March: Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Determine the March: a. Manufacturing margin b. Contribution margin c. Operating income for Philadelphia Company $477,871 202,542 76,838 50,329 33,942 000

Philadelphia Company has the following information for March: Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Determine the March: a. Manufacturing margin b. Contribution margin c. Operating income for Philadelphia Company $477,871 202,542 76,838 50,329 33,942 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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