Total production of 2,000 units of finished goods required 8,800 actual hours at $16.20 per hour. The standard is 4.3 hours per unit of finished goods, at a standard rate of $16.50 per hour. Which of the following statements is true?
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Which of the following statements in true
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- Step by step answerAssume the following: . The standard price per pound Is $2.35. . The standard quantity of pounds allowed per unit of finished goods is 4 pounds. • The actual quantity of materlals purchased was 53,000 pounds, whereas the quantity of materlals used in production was 51,000 pounds. • The actual purchase price per pound of materlals was $2.25. • The company produced 13,000 units of finished goods during the perlod. What Is the materlals quantity varlance? Multiple Choice $4,700 F $2.250 F $2.350 F $4,500 FAssume the following: . The standard price per pound Is $2.00. . The standard quantity of pounds allowed per unit of finished goods Is 4 pounds. The actual quantity of materlals purchased and used In production Is 50,000 pounds. The materlals price varlance is $12,000 U. • The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materlals Is closest to: Multiple Choice $2.24 $214. $1.74. $1.84.
- 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?At an activity level of 9,700 machine-hours in a month, Falks Corporation's total variable production engineering cost is $810,435 and its total fixed production engineering cost is $193,050. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 9,900 machine- hours in a month? Assume that this level of activity is within the relevant range. (Round intermediate calculations to 2 decimal places.) Multiple Choice $102.16 $103.23 $103.05 $102.70Assume the following: . The standard price per pound Is $2.35. . The standard quantity of pounds allowed per unit of finished goods is 4 pounds, • The actual quantity of materlals purchased was 53,000 pounds, whereas the quantity of materlals used In production was 51,000 pounds. The actual purchase price per pound of materlals was $2.25. • The company produced 13,000 units of finlshed goods during the perlod. What Is the materlals quantity varlance? Multiple Choice $4.700 F $2,250 F $2,350 F $4,500 F
- At an activity level of 8,700 machine-hours in a month, Falks Corporation’s total variable production engineering cost is $728,190 and its total fixed production engineering cost is $232,290. What would be the total production engineering cost per machine-hour, both fixed and variable, at an activity level of 8,900 machine-hours in a month? Assume that this level of activity is within the relevant range. (Round intermediate calculations to 2 decimal places.)If a company expects to produce 1,778 units of Finished Goods; and Each Finished Good is expected to get 7 pounds of Raw Material; and Raw Material is expected to cost $ 5.00 per pound. (Round answers to the nearest whole dollar/input code: 0): Part 1: If all expectations are met without deviation, how much will the company expect for total raw materials cost Part 2: If the company ends up producing 1,662 units of Finished Goods, what would their updated expectation of total raw materials cost be? $The variable production cost per unit of product B is £2 and the fixed production overhead is £4,000. The total production cost of producing 3,000 units of B in a period is £ ____________.
- Hofburg's standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor hours. The standard rates are $2 per pound and $7 per hour. The standard overhead rate is $8 per direct labor hour. The total standard cost of Hofburg's product is Round your answer to two decimals.What is the planned production ?Jessup Company expects to incur overhead costs of $20,000 per month and direct production costs of $125 per unit. The estimated production activity for the upcoming year is 1,000 units. If the company desires to earn a gross profit of $50 per unit, the sales price per unit would be which of the following amounts?