Connor companys budgeted prices for direct materials direct

Assignment Help Accounting Basics
Reference no: EM13590194

Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $ 40, $ 8, and $ 12, respectively. The president is pleased with the following performance report:


Actual Costs

Static Budget

Variance

Direct materials

$ 370,000

$ 400,000

$ 30,000

Direct manufacturing labor

80,000

80,000

0

Direct marketing ( distribution) labor

108,000

120,000

12,000

Actual output was 8,700 attaché cases. Assume all three direct-cost items shown are variable costs. Required is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget.

Reference no: EM13590194

Questions Cloud

Georgie is a us citizen who is employed by hawk enterprises : georgie is a u.s. citizen who is employed by hawk enterprises a global company. beginning on june 1 2013 george began
Del ray imports sold a depreciable plant asset for cash of : del ray imports sold a depreciable plant asset for cash of 425000. the accumulated depreciation amounted to 60000 and a
However if 5 is added to the denominator of the original : if 5 is subtracted from the numerator of a fraction the value of the resulting fraction is 13. however if 5 is added
Mary willis is the advertising manager for bargain shoe : mary willis is the advertising manager for bargain shoe store. she is currently working on a major promotional
Connor companys budgeted prices for direct materials direct : connor companys budgeted prices for direct materials direct manufacturing labor and direct marketing distribution labor
You are given a spreadsheet with daily sales numbers : you are given a spreadsheet with daily sales numbers ordered by date from january 1st to december 31st. you have been
Calculate the dividends per share on each class of stock : wallace inc. a developer of radiology equipment has stock outstanding as follows 30000 shares of cumulative preferred 2
Horizontal and vertical analysis of the income statements : complete the following for the communications company centurylink in an excel spreadsheet1. horizontal and vertical
Grunewald company manufacturers a professional grade vacuum : grunewald company manufacturers a professional grade vacuum cleaner and began operations in 2011. for 2011 grunewald

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd