Reference no: EM132946509
Questions -
Q1. The following labor standards have been established for a particular product:
Standard labor hours per unit of output 0.3 hours
Standard labor rate $15.50 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 3,800 hours
Actual total labor cost $59,470
Actual output 12,800 units
Determine the Spending variance.
A. $620F
B. $50U
C. $570U
D. $50F
Q2. The standards for product J35 call for 1.0 pounds of a raw material that costs $15.60 per pound. Last month, 5,700 pounds of the raw material were purchased for $90,345. The actual output of the month was 5,280 units of product J35. A total of 5,200 pounds of the raw material were used to produce this output. The Spending variance is?
A. $2,673U
B. $177U
C. $9,225F
D. $177F
|
Offering valuable products
: Advanced Auto Parts: It is the Mission of Advance Auto Parts to provide personal vehicle owners and enthusiasts with the vehicle related products and knowledge
|
|
Prepare a production budget for january and february
: Prepare a production budget for January and February 2020. Tyson Chandler Company's sales budget projects unit sales of part 198Z of 9,700 units in January
|
|
How a radical with a computer can cause
: Share some examples on how "a radical with a computer can cause more harm today than a radical with a gun. "
|
|
Prepare a cash budget for the first quarter
: Prepare a cash budget for the first quarter. Pink Martini Corporation is projecting a cash balance of $30,000 in its December 31, 2019, balance sheet.
|
|
Determine the Spending variance
: The following labor standards have been established for a particular product: Standard labor rate $15.50 per hour.Determine the Spending variance
|
|
Prepare the bank reconciliation for rose company as of july
: Prepare the bank reconciliation for Rose Company as of July 31, 2023, and prepare journal entries as needed based on the Deposits in transit, $2,875.
|
|
Prepare an Adjusted Trial Balance
: 1. December 1 - Issued capital stock for $100,000 to start a house painting business. Prepare an Adjusted Trial Balance
|
|
What measures would take to manage rate risk
: In a rising interest rate environment, how would bond values change over time? As a bond investor, what measures would you take to manage rate risk?
|
|
Describe how you would measure the selection criteria
: Describe how you would measure the selection criteria you have nominated
|