Reference no: EM132541996
Actual results
Total cost of purchasing material $58,000
Number of labor hours worked 1,000 hours
Number of material pounds used in production 5,850 pounds
Total labor cost $48,000
Number of units produced 300 units
Number of material pounds purchased 6,250 pounds
Leslie Company has established the following standards.
Price per pound of materials $10.00 per pound
Number of pounds of material to produce one unit 20 pounds
Standard labor rate $50.00 per hour
Number of labor hours to produce one unit 3 hours
Question 1: Compute Leslie's Materials Price Variance.
|
What will be the expected cash collections for the quarter
: What will be the expected cash collections for this quarter? 30% of the sales each month are in cash and the rest are on account.
|
|
Decreasing and increasing
: Marginal cost curves have the same shape, though this may be harder to see since most of the marginal cost curve is increasing.
|
|
Methodology and information literacy
: Critique the journal article, including assumptions, clarity, interpretation of data, relevance, methodology, and information literacy.
|
|
Some ways that time was wasted during the project
: Describe some ways that time was wasted during the project that you are thinking of and how the project's schedule was adjusted
|
|
Compute leslie materials price variance
: Compute Leslie's Materials Price Variance. Number of pounds of material to produce one unit 20 pounds,Total cost of purchasing material $58,000
|
|
What was the conversion cost per unit in january
: What was the conversion cost per unit in January? What was the total conversion cost in January? What was the total prime cost in January?
|
|
Ppf and opportunity cost
: A company producing laptops and decoders has introduced new technology to improve production of laptops using lesser/fewer resources.
|
|
Long-term investment goal
: If you want to reach a long-term investment (savings) goal, a good strategy to consider is... If you want to become a millionaire in 30 years...
|
|
Describe the types of goods country
: Describe the types of goods that each country should export and import (capital- intensive, labour-intensive, etc.).
|