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?
Q: Need help with this accounting question not use ai
A: Step 1: Define GoodwillGoodwill can be defined as an intangible asset that is calculated by…
Q: Predetermined OH Rates; Capacity MeasuresAlberton Electronics makes inexpensive GPS navigation…
A: a. Predetermined VOH RateVariable overhead cost per machine hour = (Variable overhead at 150,000…
Q: (15) Data for Kretsmart Company are as follows: ด Direct Percent Conversion Units Materials…
A: This question involves cost accounting for a manufacturing process using the FIFO (First-In,…
Q: Arcadia, Incorporated, acquired 100 percent of the voting shares of Bruno Company on January 1,…
A: Part (a): Journal Entry to Record the Acquisition on January 1, 2023To record the acquisition, we…
Q: Current Attempt in Progress Use the following single-step income statement of Wildhorse Company to…
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: 2 points mcq general accounting
A: Explanation of Business Combinations Under Common Control: Business combinations under common…
Q: Give answer to this Question
A: Option d) is correct because a standard master budget is typically designed to cover a one-year…
Q: Read the financial accounting Question & provide answer
A: Explanation of Investment Property: Investment property is real estate (land or buildings) held to…
Q: A jeans maker is designing this question solution general accounting
A: Step 1: Define Contribution MarginThe contribution margin format of an income statement segregates…
Q: Accounting question
A: Step 1: Define Retained EarningsThe retained earnings balance represents the undistributed portion…
Q: I need answer of this question solution general accounting
A: Step 1: Define InventoryInventory cost at the end of the period is adjusted using the…
Q: Please provide answer the accounting question only experts answer excepted
A: Step 1:Cost allocation is a method of allocation of overhead cost to respective departments,…
Q: Financial accounting q-29
A: Explanation of Segment Reporting: Segment reporting is a method of presenting financial information…
Q: Michael and Petunia have lived in a home from 1973 to today. They purchased the home for $180,000…
A: Step 1: Determine the gain on the sale: • Gain = Selling Price − Purchase Price Step 2: Check…
Q: Accounting
A: Step 1: Define Operating Cash FlowThe majority of the cash flow generated by a company comes from…
Q: I need answer of this question solution general accounting
A: Step 1: Define Accounts ReceivableAccounts receivable is the total amount of money the customer owes…
Q: Want Correct Answer
A: The economic entity assumption states that business transactions should be kept separate from the…
Q: Need help financial accounting
A: Step 1: Define Residual IncomeThe residual income is the extra income that a business earns over the…
Q: I need answer of this question solution general accounting
A: Step 1: Define Intangible AssetAn intangible asset does not have a physical existence such as…
Q: Please give me answer general accounting
A: Step 1: Define Market Value Per StockIn accounting and finance, the market value per stock, also…
Q: Provide this question solution general accounting
A: Step 1: This question is related to the concept of the break-even point - At the breakeven point,…
Q: Solve this Question step by step
A: Explanation of Direct Material (DM): A manufacturing cost component that becomes part of the…
Q: In business goodwill is: combinations under common control, a) Calculated as in regular business…
A: Option a: Calculated as in regular business combinationsThis option is incorrect because, in…
Q: Provide this question solution general accounting
A: Step 1: First, calculate the contribution margin per unit, then calculate the variable expenses per…
Q: Please give me answer accounting..memes industries uses...
A: Step 1: Define Overhead AllocationIn cost accounting, the overhead, which is the indirect product…
Q: Green Corporation produces microwave units. The following per unit cost information is available:…
A: Answer 1:Computation of markup percentage under the absorption costing system by dividing the…
Q: I need answer of this question solution general accounting
A: Step 1: Define Variance AnalysisThe variance analysis is a crucial analysis in cost accounting that…
Q: Paige...accounting question
A: Step 1: Define Plant ExpansionPlant expansion involves acquiring equipment and machinery by a…
Q: Give me answer to this financial accounting Question
A: Explanation of Deficit:A deficit occurs when a government's expenditures exceed its revenues within…
Q: General Accounting No 1
A: Step 1: Define Long term Debt:A company can raise capital by issuing long terms debt such as bank…
Q: How much overhead should be applied to Job No. B12 on this financial accounting question?
A: Step 1: Define Manufacturing CostsThe manufacturing costs are the costs incurred to convert the raw…
Q: An advantage of the sales value at splitoff method is Select one: a. it always yields the same…
A: The sales value at splitoff method is a cost allocation method used in accounting, particularly in…
Q: Need Your help expert
A: Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by…
Q: I need answer of this question solution general accounting
A: Step 1: Define Material Price VarianceMaterial price variance calculates the difference between the…
Q: I need answer of this question general accounting
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the total cost related to the production…
Q: “Raw milk for dairy processing” can be classified as Select one: a. scrap b.main product…
A: Raw milk intended for dairy processing is the primary input used to create various dairy products,…
Q: LO3 E8-6 Computing Materials Variances D-List Calendar Co. specializes in manufacturing calendars…
A: 1Total cost of purchases=Actual quantity purchased Actual purchase price Total cost of…
Q: Please Provide Answer Of this General Finance Question
A: Explanation:The dealership sold 2 more cars than planned, which positively impacts revenue at the…
Q: General Accounting Question please answer do fast
A: Step 1:Ratio analysis is a process of comparison of data with previous year and with compatitive…
Q: Horse Corporation acquires all of Pony, Inc. Please solve these accounting problem
A: Step 1: Define GoodwillGoodwill is a type of intangible asset that is associated with a company…
Q: Can you please give correct answer for this accounting question?
A: Cash Conversion Cycle (CCC) CalculationGiven Data:Sales: $6,800Cost of Goods Sold (COGS):…
Q: ??
A: Role of the Matching Principle in Recording ExpensesThe matching principle is a fundamental…
Q: What is the total contract value of these booking?
A: To calculate the total contract value of the bookings, follow these steps: Step 1: Understand the…
Q: Provide correct answer the accounting question
A: Given information:- Debt ratio = 30% (therefore Equity ratio = 70%)- Cost of debt = 9%- Return on…
Q: Financial analysis of American eagle outfitters
A: The first step in financial analysis is to obtain the financial statements of American Eagle…
Q: Provide correct answer the accounting question only experts answer give
A: Step 1: Define Exchange of Fixed AssetIn exchange of a fixed asset, if the transaction has…
Q: Hi expart Provide solution this accounting question
A: Step 1: Define CVPCVP or Cost - Volume - Profit analysis is a useful tool in decision making that…
Q: On March 1, Bunker Hill Company purchased a new stamping machine with a list price of $78,000.…
A: Step 1:The cost recorded for the machine is calculated as follows: Machine cost = Purchase price +…
Q: Need help with this accounting question not use ai
A: Step 1:Accounts receivable is an current asset for a business. It is credit sale given to customers…
Q: On January 1, 2020, QuickPort Company acquired 90 percent of the outstanding voting stock of…
A: Required B: Worksheet Adjustments (Journal Entries)DateAccountDebit ($)Credit…
I want answer
Step by step
Solved in 2 steps
- 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