Reference no: EM131786632
Question - Sharp Company manufactures a product for which the following standards have been set: standard quantity or hours Standard price or rate Standard cost
direct materials 3feet $5 per foot $15
direct labor ?hours ? per hour ?
During March, the company purchased direct materials at a cost of $55,650, all of which were used in the production of 3,200 units of product In addition, 4,900 hours of direct labor time were worked on the product during the month. The cost of this labor time was $36,750. The following variances have been computed for the month:
direct materials quantity variance $4,500u
total direct labor variance $1,650F
direct labor efficiency variance $800U
Required:
1. For direct materials:
(a) Compute the actual cost per foot for materials for March.
(b) Compute the materials price variance and a total variance for materials.
2. For direct labor:
(a) Compute the standard direct labor rate per hour.
(b) Compute the standard hours allowed for the month's production.
(c) Compute the standard hours allowed per unit ofproduct.
|
What are the portfolio weights of each stock
: An investor owns $6,000 of Adobe Systems stock, $7,000 of Dow Chemical, and $7,000 of Office Depot. What are the portfolio weights of each stock?
|
|
Determine the amount of the components of pension expense
: Determine the amount of the components of pension expense that should be recognized by the company in 2010
|
|
Prepare the journal entries to record the pension expense
: Prepare the journal entries to record the pension expense and the company's funding of the pension plan for both years
|
|
What will be tapdance wacc
: Suppose that TapDance, Inc.'s, capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 10 percent.
|
|
Compute the standard direct labor rate per hour
: During March, the company purchased direct materials at a cost of $55,650, Compute the standard direct labor rate per hour
|
|
Diversified company that operates in multiple markets
: Altria is a diversified company that operates in multiple markets – Tobacco, Beer, Processed Food and Financial Services.
|
|
Prepare the journal entry to record income tax expense
: Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2010
|
|
Norsk management in redesign logistics system
: List and classify decisions faced by Norsk management in a redesign logistics system.
|
|
Uniform commercial code governs the sale
: Article 2 of the Uniform Commercial Code governs the sale of. Which of the following contracts is NOT covered by article 2 of the UCC?
|