The production cost for a waterproof phone case is $9 per unit and fixed costs are $28,000 per month. How much is the favorable or unfavorable variance if 5,800 units were produced for a total of $79,500? Enter the amount as positive number. D variance $ Favorable
Q: the DL Time Variance, given the following info: Actual Costs = 6,000 hours at $12.00 Standard…
A: Direct labor time variance = Standard rate per hour × (Standard hours - Actual hours)
Q: Japan Company produces lamps that require 2 standard hours per unit at a standard hourly rate of…
A: Direct labor cost variance = Direct labor rate variance + Direct labor time variance
Q: ACE CORP HAS THE FOLLOWING DL STANDARDS: DLHRS/UNIT 1.25 DL COST/HR $32 ACE USED 21,780 DLHRS TO…
A: Variance arises when the actual costs differ from the standard costs. The results are favorable…
Q: Bandar Industries manufactures sporting equipment. One of the company's products is a football…
A: Since we answer upto three sub-parts, we shall answer 1st three. Please resubmit a new question…
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Q: If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is…
A: The concept of cost variance indicates the difference between the actual cost incurred and budgeted…
Q: Direct Labor Variances Tip Top Corp. produces a product that requires 10 standard hours per unit at…
A: a. Calculate direct labor rate variance.
Q: Assume the following: • The standard price per pound is $3.00. • The actual quantity of materials…
A: The variance is the difference between the actual and standard cost of production data. The variance…
Q: The production cost for a waterproof phone case is $5 per unit and fixed costs are $23,515 per…
A: The standard is set beforehand, and actual performance is judged on the basis of standard set.…
Q: What is the DM Price Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50…
A: Direct Material price variance can be calculated as below Standard price * Actual Quantity - Actual…
Q: Assume the following information for one of a company's variable expenses: • The actual amount of…
A: Variance: The difference between the actual cost or price and the budgeted (standard) cost or price…
Q: Variances Spending Efficiency Volume…
A: The difference between the actual and standard costs is defined as variance. The total cost…
Q: Question 1: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e.…
A: Formula: Total Cost Variance= Standard Cost for Actual Output- Actual Cost Given: Standard Cost…
Q: ume the following information for one of a company’s variable expenses: The activity variance is…
A: Answer : Activity variance = (Planned level of activity - Actual level of activity) * Variable…
Q: Assume that a company's planned level of activity is 1,000 hours and its actual level of activity is…
A: Revenue for higher level of activity is likely to be higher because of the tendency of getting more…
Q: The actual margin per unit and margin per unit estimated in the plan are $6 and $8, respectively.…
A: The margin variance is computed by deducting the actual margin from the budgeted margin. The formula…
Q: Japan Company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15.00…
A: Answer a) Direct labour rate variance =(Standard rate -Actual rate) x Actual hour=($15 -$14.90) x…
Q: What is the sales margin variance? a.(3,075,000) b.3,480,000 c.(3,480,000) d.3,075,000 5.What…
A: Variance analysis :— Analysis of variance is a collection of statistical models and their associated…
Q: A company has established 6 pounds of Materlal J at $3 per pound as the standard for the material in…
A: Solution: Direct materials price variance is the variance in standard cost of materials and actual…
Q: 1. Compute the total sales-volume variance, the total sales-mix variance, and the total…
A: Sales variances.Sales variance is a static budgeted sales. That is the difference between static…
Q: ippi Company produces lamps that require 2.25 standard hours per unit at a standard hourly rate of…
A: Standard cost means the cost which the company is expecting to be incurred on the basis of estimate…
Q: 2.2 Use the information provided below to calculate the following variances for May 2021. Each…
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Q: A company has the following standard cost card for a product: £ Selling price 2.50 Variable…
A: Variance: It implies to a change in the standardized and actual results. It refers to a change or…
Q: is the DM Quantity Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50 Standard…
A: Direct material quantity variance = (Standard quantity - Actual quantity)×standard rate
Q: The following direct materials variance computations are incomplete Price variance (37-54)×10 800 kg…
A: Variance is a measurement of variability . it is the difference between the standard or budgeted…
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A: The disparity between being an expense's actual and estimated (or budgeted) sum is known as just a…
Q: Calculate the value of A. Enter Favourable variances as a positive number and Unfavourable variances…
A: Flexible budget is prepared for various levels within the relevant range. In Flexible budget…
Q: The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per…
A: Variance is the difference between the actual costs and the standard costs. If the standard cost is…
Q: The production cost for a waterproof phone case is $9 per unit and fixed costs are $27,000 per…
A: Standard cost = Total fixed costs + No. of units produced x Variable cost per unit = 27000 + 5000*9…
Q: Planned sales are 10,000 units at $7.00 per unit. Actual sales are 11,000 units at $6.50 per unit.…
A: Standard costs are estimates of the actual costs in a company’s production process Then, the…
Q: The production cost for a waterproof phone case is $5 per unit and fixed costs are $27,110 per…
A: Standard cost=Variable cost per unit×Units+Fixed costs=$5×5,216+$27,110=$53,190
Q: Woody Company produces a product that requires 2 standard gallons per unit. The standard price is…
A: The variance is the difference between actual value and budgeted value.
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- The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance If 5,500 units were produced for a total of $61,000?ACE CORP HAS THE FOLLOWING DL STANDARDS: DLHRS/UNIT 1.25 DL COST/HR $32 ACE USED 21,780 DLHRS TO PRODUCE 18,000 UNITS. ACTUAL DL COSTS = $713,295. WHAT IS THE AMOUNT OF THE DL PRICE VARIANCE? ___________ IS THE VARIANCE FAVORABLE OR UNFAVORABLE? ___________ REFER TO QUESTION 1. WHAT IS THE AMOUNT OF THE DL EFFICIENCY VARIANCE? _________ IS THE VARIANCE FAVORABLE OR UNFAVORABLE__________What is the DL Time Variance, given the following info: Actual Costs = 6,000 hours at $12.00 Standard Costs = 7,500 hours at $11.60 Group of answer choices $2,400.00 favorable $3,000.00 favorable $15,000.00 unfavorable $17,400.00 favorable
- A producer of pens has received a forecast of 25,000. Fixed Cost = $30,000 and Total Variable Cost = $50,000 at this level. What is the total variable cost if volume is 40,000. a. P80 b. P78 c. P75 d. P70If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project? A. The cost variance is 1.05 B. The cost variance is 5,000 C. The cost variance is 0.95 D. The cost variance is -5,000 Your company has temporarily assigned you to serve as a project manager at a company location outside your home country. While meeting with a vendor your first day on the job, you are presented with a gift. The corporate policy at the headquarters in your home country prohibits employees from accepting these types of gifts. However, as you are new to this location, you believe- but are not sure-that the local policy, as well as local custom may differ. How should you respond? A. Provide a gift of similar value to the vendor at your next meeting. B. Accept the gift but do not tell anyone. C. Respectfully tell the vendor you are not sure of corporate policy, and will need to ask your management before you can accept giftsThe actual margin per unit and margin per unit estimated in the plan are $6 and $8, respectively. The actual volume and the volume estimated in the plan are 5,000 units and 10,000 units, respectively. What is the margin variance of the business? O-$10,000 $5,000 -$20,000 $10,000 O$20,000
- What is the DM Price Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50 Standard Costs = 4,500 lbs. at $6.00 Group of answer choices $1,700.00 unfavorable $2,250.00 favorable $2,300.00 favorable $2,250.00 unfavorableİzmir Forwarding’s transport price for one pallet of paint is TL80/km. in a certain route. Variable costs per unit equal TL32. The company expects total fixed costs to be TL72,000 for the next month at the projected transport level of 2,000 pallets. In an attempt to improve performance, management is considering a number of alternative actions. Each situation is to be evaluated separately. a) Suppose management believes that a TL16,000 increase in the monthly advertising expense will result in a considerable increase in sales. Sales must increase by how much to cover additional expenditure? b) Suppose that management believes that a 10% decrease in the selling price will result in a 10% increase in sales. If this proposed decrease in selling price is implemented, compute the change in the operating income. c) Write an alternative action for the company your own, to improve the performance, compute the change in the operating income. d) Which alternative (A, B, C) should be chosen?…Saved gnment-Variance Analysis i Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 3,600 helmets, using 2,592 kilograms of plastic. The plastic cost the company $17,107. According to the standard cost card, each helmet should require 0.65 kilograms of plastic, at a cost of $700 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,600 helmets? 2. What is the standard materials cost allowed (SQ x SP) to make 3,600 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1.…
- Assume that a company's planned level of activity is 1,000 hours and its actual level of activity is 1,100 hours. Based on this information, the company's activity variance for revenue will be: Multiple Choice either favorable or unfavorable depending on the cost formula. zero. unfavorable. favorable.24. Which of the following is a possible reason for a sales volume variance? A. Direct material prices per unit were different than expected B. The quantity of labor hours used per unit were different than expected C. The actual number of units sold were different than expected D. Both A & B 25. You have won the lottery and you have been given the following options. Which one should you choose if the current interest rate is 5% annually? A. $3,000,000 today B. $290,000 per year at the end of each of the next 15 years C. $6,000,000 at the end of 15 years. D. $350,000 per year at the end of each of the next 10 years 26. You have received a settlement from an insurance company which will pay you $100,000 per year for 12 years at the end of each year and J.G. Wentworth wants to buy your annuity. What is JG Wentworth's annual rate of return (interest rate) if they are willing to pay you $500,000 today? A. 7.56% B. 18.21% C. 16.94% D. Interest rate cannot be calculated. 27. The Merrymount…What is the DM Quantity Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50 Standard Costs = 4,500 lbs. at $6.00 Group of answer choices $600.00 favorable $550.00 favorable $600.00 unfavorable $550.00 unfavorable