Reference no: EM13341826
Exercise 21-16 Direct materials and direct labor variances L.O. P2
The following information describes production activities of Truzor Manufacturing for the year:
Actual raw materials used 35,000 lbs. at $3.45 per lb.
Actual factory payroll 2,300 hours for a total of $20,700
Actual units produced 24,000
Budgeted standards for each unit produced are 1.45 pounds of raw material at $3.60 per pound and 10 minutes of direct labor at $8.50 per hour.
(1) Compute the direct materials price and quantity variances.(Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Omit the "tiny_mce_markerquot; sign in your response)
Price variance $
Quantity variance $
(2) Compute the direct labor rate and efficiency variances. (Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Omit the "tiny_mce_markerquot; sign in your response)
Rate variance $
Efficiency variance $
Santana Rey has found that her line of computer desks and chairs has become very popular and she is finding it hard to keep up with demand. She knows that she cannot fill all of her orders for both items, so she decides she must determine the optimal sales mix given the resources she has available. Information about the desks and chairs follows.
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Desks
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Chairs
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Selling price per unit
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$
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1,022.50
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$
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375.00
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Variable costs per unit
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420.00
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190.00
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Contribution margin per unit
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$
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602.50
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$
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185.00
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Direct labor hours per unit
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5
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hours
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4
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hours
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Expected demand for next quarter
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176
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desks
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42
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chairs
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Santana has determined that she only has 1,004 direct labor hours available for the next quarter and wants to optimize her contribution margin given the limited number of direct labor hours available.
Required:
Determine the optimal sales mix and the contribution margin the business will earn at that sales mix. (Input all amounts as positive values. Do not round intermediate calculations and round your final answers to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response).
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Illustrates the steps in the accounting cycle
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Explain the larger hydronium ion concentration
: Solution A has a hydronium ion concentration of 3.8 X 10-8 M. Solution B has a hydronium ion concentration of 2.5 X 10-4 M. which solution has the larger hydronium ion concentration. and which solution has the larger pH.
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What mass of stone is required if temperature is not droped
: The thermal mass can be a large quantity of stone (with specific heat 800 J/kg °C) in the floor and the interior walls exposed to sunlight. What mass of stone is required if the temperature is not to drop below 18°C overnight
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First big case is a multiple murder
: First big case is a multiple murder
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Compute the direct materials price and quantity variances
: Compute the direct materials price and quantity variances.(Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect.
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What is the potential difference across the birds feet
: A certain copper power line carries a current of 52.7 A, and its resistance per unit length is 1.15 10-5 /m. If a bird is standing on this line with its feet 4.0 cm apart,
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Explain butanol and 3-methyl-1-butanol
: 3-methyl-1butyne yields 2-methyl-2- butanol and 3-methyl-1-butanol by different mechanisms. In each case, a second alcohol would also be obtained. What alcohol would it be
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Determine how many electrons were transferred
: The two items attract one another with a force of strength 0.6 N when they are 1 cm apart. If they have equal but opposite charges, a) what is the magnitude of the charge
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Explain dihydrogen citrate
: Can the five percent approximation be applied in determining the pH of the following solutions? Yes No 8.07×10-3 M dihydrogen citrate ion Yes No 7.51×10-5 M chlorous acid Yes No 4.38×10-2 M carbonic acid Yes No 1.44×10-2 M hydrocyanic acid
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