Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Computing and journalizing standard cost variances Java manfactures coffee mugs that it sells to other companies for customizing with their own logos. Jav prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 60, 200 coffee mugs per month: Direct materials (0.2 lbs @ $0.25 per lb) $0.05 Direct labor (3 minutes @ $0.12 per minute) 0.36 Manufacturing overhead: Variable (3 minutes @ $0.05 per minute) $0.15 Fixed (3 minutes @ $0.14 per minute) 0.42 0.57 Total cost per coffee mug $0.98 Actual cost and production information for July 2012 follow: a. Actual production and sales were 62,900 coffee mugs. b. Actual direct materials usuage was 10,000 lbs., at an actual price of $0.17 per lb. c. Actual direct labor usuage was 202,000 minutes at a total cost of $30, 300. d. Actual overhead cost was $10,000 variable and $30, 500 fixed. e. Marketing and administrative costs were $115, 000.
Requirements.Compute the price and efficiency variances for direct materials and direct labor.
the charter of a corporation provides for the issuance of 100000 shares of common stock. assume that 45000 shares were
question you own widgets r us and are considering the future direction of your company. one choice is to fund expansion
army-navy surplus began march with 70 tents that cost 20each. during the month amy-navy surplus made the following
How many distinct steps or requirements are contained in the language of IRC Section 351 (a) for non-recognition treatment, and what are they?
the zenith manufacturing corporation sells a certain product at a price of 50 each. the variable costs involved in the
universal products has experienced a number of out-of-stock situations with respect to its finished-goods inventories.
Conversion costs related to the beginning work-in-process inventory amounted to $231,000, and amounts incurred during the current month totaled $900,000. If conversion is incurred uniformly throughout manufacturing, Flagston's equivalent-unit cost..
grieg landscaping began construction of a new plant on december 1 2014. on this date the company purchased a parcel of
there were 8000 workers in a factory on 1st january 2012. new entrants in service during the year were 400 and leaves
during the month of march wang company sold merchandise on account for 9100. the merchandise had cost wang 4900. which
my company sells household cleaning products. the research department has developed a new cleaner for which a standard
refer to the balance sheet and statement of shareholders equity of the company youve selected to analyze. research and
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd