Question: Flapjack Corporation had 7,809 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 970 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.79 per hour. The direct labor rate variance is?
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- Which answer is correct?The quarterly production and overhead costs for the year are shown below. Quarter Production (units) Overheads 14,900 $66,000 2 5,200 $69,000 3 5,400 $70,000 4 4,400 $60,000 What is the variable overhead cost per unit according to the high-low method?Williams Company has variable costs of $0.60 per unit of product. In August, the volume of production was 24,000 units and units sold were 20,000. The total production costs incurred were $31,900. What are the fixed costs per month?
- Assume the following: • The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. • The variable overhead efficiency variance is $1,500 F. • The company produced 15,000 units of finished goods during the period. What is the actual quantity of direct labor-hours worked during the period? Multiple Choice о о O O 44,000 hours 44,500 hours 43,500 hours 43,000 hoursErkkila 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.If fixed costs are $234,000, the unit selling price is $123, and the unit variable costs are $80, what is the break-even sales (units)? a.5,442 units b.1,902 units c.1,153 units d.2,925 units At the end of the year, overhead applied was $3,728,000. Actual overhead was $3,377,000. Closing over/underapplied overhead into Cost of Goods Sold would cause net income to a.decrease by $702,000 b.increase by $351,000 c.decrease by $351,000 d.increase by $702,000 Bryce Co. sales are $881,000, variable costs are $460,800, and operating income is $288,000. What is the contribution margin ratio? a.47.7% b.52.3% c.57.5% d.43.4%
- Cheng Co. reports the following information for the coming year. Determine its (a) rate per hour of direct labor (in $) and (b) materials markup (in %). Direct labor rate, including fringe benefits . $50 per DLH Annual direct labor hours . 3,800 hours Annual direct materials purchases $560,000 Annual overhead costs: Materials purchasing, handling, and storage . $39,200 Non-materials related overhead . $114,000 Target profit margin (on both labor and materials) . 30%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?Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. What is the break-even point in sales dollars?
- What is the answer to Required 1 (the financial disadvantage in dollars) AND the level of unit sales for the two-month period required and Birch to be indifferent (in units sales)?Solar Corporation's total variable production cost is $14,757.34 and its total fixed production cost is $8,728.83 at an activity level of 473 direct labor hours for a month. Assuming that this level of activity is within the relevant range, what would be the total production cost per unit, both fixed and variable, at an activity level of 784 direct labor hours for a month? a. $37.28 b. $49.65 c. $31.20 d. $18.82 e. $42.33Solution for this