Standish Company manufactures consumer products and provided the following information for the month of February:Units produced132,000Standard direct labor hours per unit0.2Standard variable overhead rate (per direct labor hour)$3.40$88,65026,450Actual variable overhead costsActual hours workedRequired:1. Calculate the variable overhead spending variance using the formula approach. (If you compute the actual variable overhead rate, carry your computations out to five significantdigits and round the variance to the nearest dollar.)2. Calculate the variable overhead efficiency variance using the formula approach.3. What if 26,100 direct labor hours were actually worked in February? What impact would that have had on the variable overhead spending variance?The variable overhead spending varianceWhat impact would that have had on the variable overhead efficiency variance?The variable overhead efficiency variance

Data Provided:Units Produced: 132,000 unitsStandard Direct Labor Hours Per Unit: 0.2 hoursStandard…

Answered: Standish Company manufactures consumer…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A certain company has a selling price of for their product of 1500-3/4x dollars per unit and fixed costs of $800 and variable costs of 1/4x+1210 dollars per unit, where x is the total number of units produced. A.) FInd the Break even point? B.) When will the company make profit? C.) What is the make profit and the corresponding production level?
None
Solomon Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $ 3.30 per unit $ 2,200 total $ 900 total Solomon planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 units. Required a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). d. Determine the amount of fixed cost that will appear in the flexible budget. e. Determine the fixed cost per unit based on planned activity and the fixed cost per unit based on actual activity. Complete this question by entering your answers in the tabs below. Req A and B Req D Req E a. Determine the sales and variable cost volume variances. b. Classify the variances as favorable (F) or unfavorable (U). Note: Select "None" if there is no effect (i.e., zero variance). Sales Variable manufacturing Volume Variances
The 24-Hour Mart operates a chain of supermarkets. Its best-selling soft drink is Fruitslice. Demand (D) in April for Fruitslice at its Regina supermarket is estimated to be 7,200 cases (24 cans in each case). In March, the Regina supermarket estimated the ordering costs per purchase order (P) for Fruitslice to be $36. The carrying costs (C) of each case of Fruitslice in inventory for a month were estimated to be $1.20. At the end of March, the Regina 24-Hour Mart reestimated its carrying costs to be 1.80 per case per month to take into account an increase in warehouse-related costs. (Click the icon to view additional information.) Requirements 1. Calculate the economic order quantity in April for Fruitslice. Use the EOQ model, and assume in turn that a. D=7,200; P= $36; C = $1.20 b. D=7,200; P= $36; C = 1.80 c. D=7,200; P= $6; C = 1.80 2. How does your answer to requirement 1 give insight into the retailer's movement toward JIT purchasing policies? Data table × (Round your answer up…
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
AM Instrument Company manufactures miniature calculators, which it sells to a limited number of exclusive dealers. AM’s normal production rate is 260 units per week at a total cost of $3,200. At full capacity it can produce 340 units per week at a total cost of $3,800. What is the average cost per calculator under normal operating conditions? What is the average variable cost per calculator? What is the total fixed cost? What is the average fixed cost per calculator under normal operating conditions? A foreign distributor offers to buy 50 calculators per week from AM over a one month period, to be marketed under a different brand name. The distributor offers a price of $10 per calculator. Should AM accept the offer? What is the least price AM should accept for this kind of arrangement?
Mirtha owns an online jewelry store that specializes in earrings. In March, she sells 50 pairs of earrings priced at $15. The cost of materials to create the 50 pairs of earrings was $100. The website she uses to sell her wares costs her $10 a month, and she is also charged 4% on each sale by the company that processes debit/credit card purchases. Which of the following best represents Mirth’s total cost? Group of answer choices A)The $750 Mirtha earned from earring sales minus the materials ($100), online website charge ($10), and payment processing charge (4%) B)The sum of the materials ($100), website charge ($10), and 4% payment processing charge (4%) C)The cost of all the materials used to create the earrings, $100 D)The costs of materials minus the costs it takes to run her business through the online store, in this case the $10 website charges and the 4% payment processing charge

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