Reference no: EM133037811
Question - Dawson Toys, Ltd., 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: 8 microns per toy at $0.33 per micron
Direct labor: 1.5 hours per toy at $6.60 per hour
During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows:
Direct materials: 76,000 microns were purchased at a cost of $0.31 per micron. 22,000 of these microns were still in inventory at the end of the month.
Direct labor: 8,600 direct labor-hours were worked at a cost of $62,780.
Required -
a. Compute the materials price and quantity variances.
b. Compute the labor rate and efficiency variances.
|
Discusses the importance of basic office etiquette
: Discusses the importance of basic office etiquette and Discuss why a company needs an email disclaimer
|
|
How much money do you invest in Stock B
: You want to create a portfolio equally as risky as the market, and you have $1,000,000 to invest. How much money do you invest in Stock B
|
|
Elements of a data mining strategy
: What are important factors to consider when evaluating a data mining project? Why is it important to understand the problem statement and objective before imple
|
|
What is ending equity
: Sigma co had net income of $160, paid $17 in dividends and sold new stock for $34. Beginning equity of the year was $600. What is ending equity
|
|
Compute the materials price and quantity variances
: Direct labor: 8,600 direct labor-hours were worked at a cost of $62,780. Compute the materials price and quantity variances
|
|
Explain the concept of click and brick e-commerce
: 1. Using specific examples, briefly explain the concept of click -and - brick e- commerce.
|
|
Discuss types of filing systems
: Discuss the importance of computer security in the workplace and Discuss types of filing systems
|
|
Find the margin of error and construct confidence interval
: Question: What is the Margin of Error and construct confidence interval that corresponds to the given statistics and confidence level? These are randomly select
|
|
What is the initial cost of the investment
: The bonds are quoted on December 31, 2019, 2020, and 2021, at 95, 99 and 91, respectively. What is the initial cost of the investment
|