Reference no: EM13510079
The Beal Manufacturing Company's job-costing system has two-direct cost categories; direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2012, Beal adopted the following standards for its manufacturing costs:
INPUT Cost per output unit
Direct Materials 3 lbs. @ $5 per lb. $ 15.00
Direct Manufacturing Labor 5 hrs. @ $15 per hr. $ 75.00
Manufacturing Overhead
Variable $6 per DLH $ 30.00
Fixed $8 per DLH $ 40.00
Std. Cost per output unit $ 160.000
The denominator level for total manufacturing overhead per month in 2012 is 40,000 direct manufacturing labor-hours. Bell's actual budget for January indicated the following:
Direct Materials purchased 25,000 lbs. @$5.20 per lb.
Direct Materials used 23,100 lbs.
Direct Manufacturing Labor 40,100 hrs. @$14.60 per hr.
Total Actual Manufacturing Overhead (variable and fixed) $600,000
Actual Production 7,800 output units
Prepare a schedule of total standard manufacturing costs for the 7,800 units in January 2012.
For the month of January 2012, compute the following variances, indicating whether each is favorable (F) or unfavorable (U):
a. Direct materials price variance, based on purchases
b. Direct materials efficiency variance
c. Direct manufacturing labor price variance
d. Direct manufacturing labor efficiency variance
e. Total manufacturing overhead spending variance
f. Variable manufacturing overhead efficiency variance
g. Production-volume variance
|
According to the lecture-dominant group places the blame
: The dominant group places the blame for disadvantage on the disadvantaged, based on assumptions about group characteristics such as lack of motivation, cultural preferences, or other victim-blaming ideas.
|
|
Find the average force of the block of wood on the bullet
: A 5.00 gram bullet has a velocity of 300 m/s. It strikes a block of wood and penetrates to a distance of 2.00 cm. The average force of the block of wood on the bullet is
|
|
Prepare the journal entries to record tax collections
: Prepare the journal entries to record tax collections and remittances for the Kirby County Tax Agency Fund and what percentage interest in the pool is held by the town and the school district
|
|
Calculate how much work is done on the capacitor
: A large parallel plate capacitor has plate separation of 0.90 cm and plate area of 361 cm2. How much work is done on the capacitor as the plate separation is increased to 1.80 cm
|
|
Compute the following variances
: The Beal Manufacturing Company's job-costing system has two-direct cost categories; direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufact..
|
|
What is the speed of the blue dot
: A bicycle with 0.8-m-diameter tires is coasting on a level road at 5.6m/s. What is the speed of the blue dot when it is 0.4 m above the road
|
|
How much energy did the hanging mass lose
: A box (m1=1.2 kg) is being pulled up an (not necessarily frictionless) incline by another mass (m2=0.85 kg), which is descending straight down. How much energy did the hanging mass lose
|
|
Perceptions of the world and cultural diversity
: Think about your job, upper management and your colleagues. Is it diverse or not? How do you feel about it? How would this affect your daily interactions and perceptions of the world and cultural diversity.
|
|
What are intels projected obligations on long-term debt
: What are the maturities on Intel's Long-term debt, what are Intel's projected obligations on Long-Term Debt and Payments due by period and what is the par or stated value of Intel's preference shares?
|