Cole laboratories makes and sells a lawn fertilizer called

Reference no: EM13573916

Cole Laboratories makes and sells a lawn fertilizer called Fastgro. The company developed standard costs for one bag of Fastgro as follows: Standard Quantity Standard Cost per bag Direct material 20 pounds $8.00 Direct labor 0.1 hours 1.10 Variable overhead 0.1 hours 0.40 The company had no beginning inventories of any kind on January

1. Variable overhead is applied to production on the basis of standard direct-labor hours. During January, the company recorded the activity: Production of Fastgro: 4,000 bags Direct materials purchased: 85,000 pounds at a accost of $32,300 Direct-labor worked: 390 hours at a cost of $4,875 Variable overhead incurred: $1,475 Inventory of direct materials on January 31: 3,000 pounds The labor efficiency variance for January is?

Reference no: EM13573916

Questions Cloud

To complete the unit sales forecast use your student : the bear corporation will begin business operations on january 1 2012. below is the anticipated sales budget in

How often do you look at a clock or watch during the day is : answer both questions with a minimum of 70 words per question1how often do you look at a clock or watch during the day?

Would theactivities at a manufacturer of canned soup be : would theactivities at a manufacturer of canned soup be best classified as unit-level batch-level product-level or

Due to merger negotiations company r offers 50 a share the : acquisition by exchanging stock. company r wishes to acquire company s. company rs stock sells for 100 per share.

Cole laboratories makes and sells a lawn fertilizer called : cole laboratories makes and sells a lawn fertilizer called fastgro. the company developed standard costs for one bag of

It is anticipated that the after-tax cash inflows from the : acquisition of assets for cash. master corporation wants to buy certain fixed assets of smith corporation. however

Using excel prepare a new segmented income statement : a contribution format income statement for the most recent year for big bear consumer electronics inc. is shown

Please submit a 1000 word essay on the following title the : please submit a 1000 word essay on the following titlethe role of youth in promoting the asean-korea

Sibble corporation uses activity-based costing to assign : sibble corporation uses activity-based costing to assign overhead costs to products. overhead costs have already been

User Account

All Pages