Reference no: EM133124452
Question - Dawson Toys, limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy:
Direct materials: 7 microns per toy at $0.34 per micron
Direct labor: 1.3 hours per toy at $6.80 per hour
During July, the company produced 4.600 Maze toys. The toy's production data for the month are as follows:
Direct materials: 79,000 microns were purchased at a cost of $0.32 per micron. 38,750 of these microns were still in inventory at the end of the month.
Direct labor: 6,580 direct labor-hours were worked at a cost of $47,376.
Required - Compute the following variances for July:
a. The materials price and quantity variances.
b. The labor rate and efficiency variances.
|
Explain main ucc risk considerations
: Explain main UCC risk considerations. In your answer, you may contrast UCC principles and FAR principles, as long as that helps the explanation
|
|
Calculate the arc elasticity of demand
: For two-person urban households with no children, demand is very price inelastic. Calculate the arc elasticity of demand by using the mid-point rule formula
|
|
At what amount should gephardt record the equipment
: Gephardt's incremental borrowing rate is 14 percent. At what amount should Gephardt record the equipment on the books
|
|
What was the firm taxable or pre-tax income
: ABC Corp. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, What was the firm's taxable or pre-tax income
|
|
Compute the labor rate and efficiency variances july
: Direct materials: 79,000 microns were purchased at a cost of $0.32 per micron. Compute the labor rate and efficiency variances July
|
|
Record Cullumber entries related to the note on July
: Cullumber Financial Services loaned Sharp Inc. $120,000 cash in exchange for a one-year, Record Cullumber entries related to the note on July
|
|
Explain why you streaked both cultures
: Describe the process by which the vio gene was transferred from the donor to the recipient - Explain why you streaked both cultures
|
|
Basic molecular biology of bacteria
: Basic Molecular Biology of Bacteria - Mechanisms of Gene Transfer - Prepare a suspension by obtaining a fresh, pure culture of the organism and inoculating
|
|
Cobalt mining marginal environmental damage curve
: As more cobalt is used globally, mining operations open in areas that are exponentially more environmentally sensitive. What does this tell you about the slope
|