Basic Variance Analysis and the Impact of Variances on Unit Costs - ExcelSign InFILEHOMEINSERTPAGE LAYOUTFORMULASDATAREVIEWVIEWCalibri11A A%Alignment Number Conditional Format asFormatting Table StylesPasteВ I UCellCellsEditingClipboardFontStylesG26feABEGH3 Direct materials:4 Standard$2.75 per yard$2.70 per yard2.4 yards @$6.605 Actual3 yards @$8.106 Direct labor:7 Standard8 Actual9 Variable overhead:10 Standard0.6 hours @$18.00 per hour$22.00 per hour10.800.5 hours @11.000.6 hours @$7.00 per hour$7.10 per hour4.2011 Actual0.5 hours @3.551213 Total cost per unit$21.60$22.651415 Excess of actual cost over standard cost per unit$1.051617 Actual production for the month18 Variable overhead is assigned to products based on direct labor hours. There19 was no beginning or ending inventory of materials for the month.13,500 units2021 Using formulas, compute the following. Input all numbers as positive amounts.Indicate whether the variances are F or U. Write if statements for variance cells F30 to F47. Use cell22references (formulas) for cells D53 - D60. Enter an For U to indicate the correct variance in cellsF54 to F62.2324Sheeti> |日Basic Variance Analysis and the Impact of Variances on Unit Costs - ExcelFILEINSERTVIEWSign InHOMEPAGE LAYOUTFORMULASDATAREVIEWCalibri11A A%Alignment Number Conditional Format asFormatting- Table StylesPasteBIU -CllCellsEditingClipboardFontStylesG26feA.DEFGH26 | Standard Quantity Allowed for Actual Output at Standard Price27 Actual Quantity of Input, at Standard Price28 Actual Quantity of Input, at Actual Price2930Materials quantity variance31Materials price variance3233 Standard Cost Variance Analysis - Direct Labor34 Standard Hours Allowed for Actual Output at Standard Rate35 Actual Hours of Input, at Standard Rate36 Actual Hours of Input, at Actual Rate3738Labor efficiency variance39Labor rate variance4041 Standard Cost Variance Analysis - Variable Manufacturing Overhead42 Standard Hours Allowed for Actual Output at Standard Rate43 Actual Hours of Input, at Standard Rate44 Actual Hours of Input, at Actual Rate4546Variable overhead efficiency variance47Variable overhead rate variance4849 Using formulas, compute the amount of the unit cost differenceSheet1>..

Variance Analysis: Variance analysiis is the study of deviations of actual behaviiour versus…

Answered: yards @ $2.75 yards @ $2.70 nours @…

Business

Accounting

yards @ $2.75 yards @ $2.70 nours @ $18.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Grove Media plans to acquire production equipment for $845,000 that will be depreciated for tax purposes as follows: year 1, $329,000; year 2, $189,000; and in each of years 3 through 5, $109,000 per year. A 10 percent discount rate is appropriate for this asset, and the company's tax rate is 20 percent. Use Exhibit A.8 and Exhibit A.9. Required: a. Compute the present value of the tax shield resulting from depreciation. b. Compute the present value of the tax shield from depreciation assuming straight-line depreciation ($169,000 per year). Complete this question by entering your answers in the tabs below. Required A Required B Compute the present value of the tax shield resulting from depreciation. Note: Round PV factor to 3 decimal places. Present value of the tax shield
UT Purded d66 3 573 3)reced as Cr Suppose that you decide to buy a car for $25,767, including taxes and license fees. You saved $8000 for a down payment and can get a 5-year loan at 6.57%. (a) Find the monthly payment for the loan. (b) Find the total interest for the loan. (Round to the nearest dollar. For example, $247) 12.
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A Moving to another question will save this response. Question 9 How much less is a perpetuity of $2,000 worth than an annuity due of the same amount for 30 payments (in $ dollars)? Assume an interest rate of 1096. $ A Moving to another question will save this response. search F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 Home Enc 41I & 5 6 8. W R Y D F G H J. K
Compound Interest In Exercises 71 and 72, youinvest $2500 in an account at interest rate r, compoundedcontinuously. Find the time required for the amount to(a) double and (b) triple.71. r = 0.025 72. r = 0.0375
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Tait is entering high school and is determined to save money for college. Tait feels he can save $2,500 each year for the next four years from his part-time job. If Tait is able to invest at 6%, how much will he have when he starts college? (Click the icon to view Present Value of $1 table.) E (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) E (Click the icon to view Future Value of Ordinary Annuity of $1 table.) - X Reference (Round your answer to the nearest dollar.) Reference When Tait starts college he will have Present Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Future Value of $1 0.990 0.980 0.971 0.962 0.952 0.943 0.980 0.961 0.943 0.925 0.907 0.971 0.942 0.915 0.889 0.864 0.840 0.961 0.924 0.888 0.855 0.823 0.792 0.951 0.906 0.863 0.822 0.784 0.747 0.917 0.909 0.893 | 0.877 0.870 0.862 0.847 0.833 0.826 0.797 0.769 0.756 0.743…
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QUESTION 5 Katharine Bartle will receive an annuity of $4,090.00 every month for 23 years. How much is this cash flow worth to them today if the payments begin today? Assume a discount rate of 5.00%. Oa. $55,398.13 b. $2,119,880.47 c. $672,837.73 Od. $170,156.69
a) Loan Amount = $300 Advance amount=$160 Remaining Amount To be paid = $300-160 = $140 Time=2 weeks Calculate interest rate?
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$7.60 fer harx 40 hours