Shimano Company makes a product that is expected to require 6 hours of labor per unit of product. The standard cost of labor is $5.30. Shimano actually used 5.90 hours of labor per unit of product. The actual cost of labor was $5.20 per hour. Shimano made 1,600 units of product during the period. Based on this information alone, the labor price variance is: a. $848 favorable. b. $848 unfavorable. c. $944 unfavorable. d. $944 favorable.
Q: Allison Corporation acquired all of the outstanding voting stock of Mathias, Incorporated, on…
A:
Q: Answer give me Fast As Possible
A: Compute the cost-to-retail percentage first.Cost-to-retail percentage = Cost / Retail Cost-to-retail…
Q: General accounting. Cordinal company purchased land in 2014
A: Step 1:- Define Capitalizing Fixed AssetsLand acquired by a firm should be recorded in the books of…
Q: Please provide real life numbers for an example problem to see the math. Thank you!
A: Imagine you own a small retail business, ABC Electronics Store, that sells various household items.…
Q: In pushdown accounting, the acquired company's assets are? a) Kept at book value b) Averaged between…
A: Explanation of Pushdown Accounting: Pushdown accounting is a method where the new cost basis and…
Q: Give true answer this accounting question not use ai
A: Step 1: Define Cost-Volume-Profit Analysis Cost-Volume-Profit Analysis is used to figure out how…
Q: Correct Option
A: Explanation of Cost Basis:Cost basis refers to the total cost of acquiring an asset, including the…
Q: Ai answer will be rejected
A: Step 1:To calculate the total cost recorded on the job cost sheet for Job 915, we need to add up the…
Q: The following information pertains to Ball Company: Manufacturing costs $24,00,000 Units…
A: Step 1: Definition of Gross MarginGross Margin is the difference between a company's sales revenue…
Q: Give me answer please
A: Explanation of Functional Currency: Functional currency is the primary currency in which an entity…
Q: I need detailed answer
A: When a company uses financial instruments to manage risks such as changes in interest rates or…
Q: Please give me answer accounting
A: Straight-line depreciation method:Step 1: Determine the depreciable cost.Depreciable cost = Cost of…
Q: Financial accounting
A: Since the firm has a market-to-book value of 1.0, the total equity of the firm is equal to the…
Q: Answer with explanation & give short summary
A: Definitions:1. Segment DisclosureSegment disclosure refers to the practice of presenting financial…
Q: Question financial accounting please answer
A: Step 1: Calculating the marginal income per unit.Marginal income per unit = Selling price per unit -…
Q: 5 Any goods in transit which are shipped FOB shipping point should be included Select one: a. in…
A: a. In no one's inventory until they arrive at their destination.Incorrect: Depending on the…
Q: ___ is the after tax return?
A: Explanation of Marginal Tax Rate:The marginal tax rate is the percentage of tax applied to a…
Q: What is its ROE on these financial Accounting Question? Do not use ai
A: Step 1: Define Return on EquityReturn on equity is a financial ratio that shows the ability of a…
Q: Please provide step by step solution or in excel format
A: The shift from Just-in-Time (JIT) strategies to carrying stock is driven by global supply chain…
Q: Use table information to answer
A: Explanation of Variable Cost: Variable cost is an expense that changes in proportion to the level of…
Q: I need correct answer
A: Step 1:Activity-Based Costing (ABC) systems assign overhead expenses to products or services based…
Q: Provide correct answer the accounting question please do fast
A: Step 1: Define Overhead ApplicationIn the domain of accounting, indirect costs are the overhead…
Q: In 2024, Bratten Fitness Company made the following cash purchases: 1. The exclusive right to…
A: Step 1: Analyze Each TransactionTransaction 1:Details: Bratten Fitness purchased the exclusive right…
Q: Answer this accounting Question
A: Step 1:Calculating the marginal income per unit. Marginal income per unit = Selling price per unit -…
Q: What are the total fixed costs on these general accounting question?
A: Step 1: Define Cost AccountingKeeping track of and calculating the costs involved in producing…
Q: Assume that Juicy reports the following costs to make 17.5 oz. bottles for its Juice Cocktails:…
A: Step 1:The schedule that compares the total costs to make and buy the 17.5 oz. bottles is prepared…
Q: Job Order
A: A. Custom manufacturingBecause job order costing tracks expenses for each individual order or…
Q: Work
A: To calculate the company's working capital, we use the formula:Working Capital=Total Current…
Q: Get correct answer general accounting
A: Step 1: Define Labor VarianceThe labor variance in cost accounting is the difference between the…
Q: Can you answer this accounting question?
A: Step 1: Define Reconciled Balance for CashA company's reconciled balance for cash is the amount…
Q: I need answer of this question accounting
A: Retained earnings include the adjustment of net income and dividends declared during the year to the…
Q: General Accounting
A: Step 1: Define Operating leverageOperating leverage is calculated to identify how well the company…
Q: Joint venture
A: Accounting Treatment for Joint VenturesJoint ventures are arrangements where two or more parties…
Q: General accounting
A: Explanation of Process Cost System: A process cost system is an accounting method used to allocate…
Q: Use the high low method & provide answer
A: Explanation of High-Low Method:The high-low method is a technique used to separate variable and…
Q: Solve these accounting question problem
A: ROE = Return On Sales (ROS) × Asset Turnover × Equity MultiplierThis formula for Return on Equity…
Q: Please provide this question green company Accounting solution
A: Step 1: Define Accumulated DepreciationAccumulated depreciation is a contra asset account that shows…
Q: Target costing calculates cost as
A: Explanation of Target Costing:Target costing is a pricing approach where a company determines the…
Q: tutor please help me in this account questions
A:
Q: Answer it
A: Explanation of Bond DiscountA bond discount arises when bonds are issued for an amount less than…
Q: General Accounting
A: Step 1: Define High-Low MethodThe high-low method is an accounting approach to estimate the variable…
Q: 1 To decide on an appropriate selling price for a special-order product” is an example of which…
A: a. To motivate managers and other employeesBy establishing accountability and coordinating…
Q: Please give me answer accounting....
A: Step 1: Define AssetAn asset is a type of wealth or capital possessed or bought by a person or…
Q: Solve these general accounting question not use ai
A: The price/Earnings ratio is computed by dividing the stock price (market stock price) by Earnings…
Q: Do fast and step by step calculation with explanation for this accounting question
A: Step 1: Define Standard CostStandard cost can be defined as the estimated cost that will be incurred…
Q: Need Answer of this Question
A: Referencehttps://www.investopedia.com/terms/b/breakevenanalysis.asp
Q: Answer do fast and step by step calculation with explanation on these accounting question not use ai
A: Step 1: Define Return on EquityReturn on Equity (ROE) is a ratio that represents the amount of…
Q: In 2025, Nash Inc. issued 800 shares of $10 par value common stock for land worth $47,500. (a)…
A: a. Journal entry to record the issuance of common stock for land: Debit land account with $47,500…
Q: General Accounting
A: Adjusted cash balance per bank = Balance per bank statement + Deposit in transit - Outstanding…
Q: Calculate the net cash provided f accounting
A: Explanation of Net Cash from Operating Activities: Net cash from operating activities represents the…
Please need answer
Step by step
Solved in 2 steps
- Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?Jax Inc., which uses a volume-based cost system, produces dog houses, and has a gross profit margin of 24%. Direct materials cost $3 per unit, and direct labor costs $5 per unit. Manufacturing overhead is applied at a rate of 142% of direct labor cost. Non manufacturing costs are $8 per unit. How much does each dog house sell for? (Round your answer to 2 decimals)
- 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 5 2,000 Product P8 500 4 2,000 Total direct labor-hours 4,000 The direct labor rate is $37.10 per DLH. The direct materials cost per unit is $203.60 for Product W2 and $140.30 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 $ 218,576 2,000 2,000 4,000 Production orders orders 18,538 400 380 780 Order size MHs 202,886 3,880 3,680 7,560 $ 440,000 Which of the…Last year, Bagger Company had sales revenue of $1,250,000, direct materials of $280,000, directlabor of $310,700, overhead of $449,300 (30% is variable). Bagger calculates sales price using a markup on cost of goods sold. Required1. Calculate the markup Bagger will use.2. If a job has manufacturing cost of $43,000, what is Bagger’s price?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…Suppose that Larimer Company sells a product for $20. Unit costs are as follows: Direct materials $1.70 Direct labor 1.60 Variable factory overhead 2.00 Variable selling and administrative expense 1.50 Total fixed factory overhead is $55,240 per year, and total fixed selling and administrative expense is $38,480. Required: 1. Calculate the variable cost per unit and the contribution margin per unit. 2. Calculate the contribution margin ratio and the variable cost ratio. 3. Calculate the break-even units. 4. Prepare a contribution margin income statement at the break-even number of units. Enter all amounts as positive numbers.Jamison Company produces and sells Product X at a total cost of $1,300 per unit, of which $880 is product cost and $420 is selling and administrative expenses. In addition, the total cost of $1,300 is made up of $740 variable cost and $560 fixed cost. The desired profit is $169 per unit. Determine the markup percentage on total cost.fill in the blank 1 %
- The total prime cost of a product was OMR3,900. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is five times the direct labor cost per hour. The fixed manufacturing overhead was OMR2,500. Assuming that direct labor hours were 400 and that the direct labor cost was 30% of direct materials cost, how much is the total manufacturing cost? Select one: O a OMR25,900 Ob. OMR23,400 O COMR6,400 d. OMR10,900 e. OMR25,000The total prime cost of a product was OMR7,000. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead hour is four times the direct labor cost per hour. The fixed manufacturing overhead was OMR4,000. Assuming that direct labor hours were 550 and that the direct labor cost was 40% of direct materials cost, how much is the total manufacturing cost? cost per Select one: O a. OMR35,000 O b. OMR39,000 O COMR20,000 O d. OMR19,000 O e. OMR11,000 The total prime cost of a product was OMR7,000. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead hour is four times the direct labor cost per hour. The fixed manufacturing overhead was OMR4,000. Assuming that direct labor hours were 550 and that the direct labor cost was 40% of direct materials cost, how much is the total manufacturing cost? cost per Select one: O a. OMR35,000 O b. OMR39,000 O…The company makes 230 units of product of WD40 a year, requiring a total of 480 machine-hour, 50 orders, and 30 inspection-hours per year. The products direct materials costs are P12.70 per unit and its direct labor is P45.93 per units. The product sells for 126.60 per unit. Using activity-based costing system, compute the product margin of WD40 per unit. Activity Cost Pool Total Cost Total ActivityInspection P82,767 1,410 inspection hoursProcessing Orders P60,896 1,600 ordersAssembly P436,240 28,000 machine hours