Question 6 Happy Cupboards Ltd uses two kinds of material to produce its bathroom cupboards; hardwood and plywood. The standard information for one unit of the material is as follows: Selling price per unit $24,900 Budgeted sales 27,500 Cost price per unit Actual sales $17,800 25,000 The standard information relating to each unit of cupboard are as follows: Hardwood Plywood 30 sq. ft at $5 per sq. ft $150 70 sq. ft at $6 per sq. ft $420 $570 In a particular period, 25000 cupboards were produced, using 800,000 sq. ft of hardwood and 1,600,000 sq. ft. of plywood. Required: (a) Calculate the traditional sales volume variance. (b) Compute the material usage, mix and yield variances.

Question 6 Happy Cupboards Ltd uses two kinds of material to produce its bathroom cupboards; hardwood and plywood. The standard information for one unit of the material is as follows: Selling price per unit $24,900 Budgeted sales 27,500 Cost price per unit Actual sales $17,800 25,000 The standard information relating to each unit of cupboard are as follows: Hardwood Plywood 30 sq. ft at $5 per sq. ft $150 70 sq. ft at $6 per sq. ft $420 $570 In a particular period, 25000 cupboards were produced, using 800,000 sq. ft of hardwood and 1,600,000 sq. ft. of plywood. Required: (a) Calculate the traditional sales volume variance. (b) Compute the material usage, mix and yield variances.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 1CE: Thomas Corporation produces heating units. The following values apply for a part used in their...

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v2.cengagenow.com Standard Direct Materials Cost per Unit Truly Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,810 bars) are as follows: Ingredient Price Cocoa Sugar Milk Quantity 600 lbs. $0.30 per lb. 180 lbs. $0.60 per lb. 150 gal. $1.70 per gal. Determine the standard direct materials cost per bar of chocolate. Round to two decimal places. X per bar Feedback Check My Work Remember the process discussed in chapter for calculating standard direct materials cost per unit.
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Home CengageNOWV2| Online teachin x takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=D&inprogress-false Rusty Co. sells two products: X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y Related data are as follows: Unit Selling Unit Variable Unit Contribution Product Price Cost Margin $110 $70 $40 70 50 20 For break-even analysis, the unit contribution margin of E was Oa. $22.50 Ob. $60.00 Oc. $40.00 d. $20.00
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Question 1 Use the following standard cost card for 1 gallon of ice cream to answer the questions. STANDARD COST CARD Product: Gallon of Ice Cream Manufacturing Cost Information Standard Standard Cost Cost Quantity per Unit Summary Direct Materials Cream 5 quarts $1.15 per quart $0.08 per ounce $36.00 per hour $5.75 $1.28 Sugar Direct Labor 16 ounces 3 minutes $1.80 Total Direct Costs $8.83 Actual direct costs incurred to make 50 gallons of ice cream: 275 quarts of cream at $1.05 per quart 832 ounces of sugar at $0.075 per ounce 165 minutes of labor at $37 per hour All material used was bought during the current period. А. Compute the material and labor variances. В. possible causes of the variances. Comment on the results and