During 2011 actual number of units produced and sold was

Reference no: EM13600536

During 2011, actual number of units produced and sold was 5,500. Actual cost of direct materials used was $668,800, based on 70,400 pounds purchased at $9.50 per pound. Direct manufacturing labor-hours actually used were 18,500, at the rate of $51.50 per hour. As a result, actual direct manufacturing labor costs were $952,750. Actual fixed costs were $1,180,000. There were no beginning or ending inventories.

Required

1. Calculate the sales-volume variance and flexible-budget variance for operating income.
2. Compute price and efficiency variances for direct materials and direct manufacturing labor.

Reference no: EM13600536

Questions Cloud

In the item 7 of nikes 2008 10-k review the section titled : in the item 7 of nikes 2008 10-k review the section titled operating segments. prepared a table that compares the

Panarude airfreight is an international air freight hauler : panarude airfreight is an international air freight hauler with more than 45 jet aircraft operating in the united

Alpaca corporation had revenues of 240000 in its first year : alpaca corporation had revenues of 240000 in its first year of operations. they have not collected on 19700 of their

Panarude airfreight is an international air freight hauler : panarude airfreight is an international air freight hauler with more than 45 jet aircraft operating in the united

During 2011 actual number of units produced and sold was : during 2011 actual number of units produced and sold was 5500. actual cost of direct materials used was 668800 based on

Sonimad sawmill manufactures two lumber products from a : sonimad sawmill manufactures two lumber products from a joint milling process. the two products developed are mine

How do the percent of revenue method and the percent of : how do the percent of revenue method and the percent of receivables method to estimate uncollectible accounts expense

Stamper manufacturing cos management is considering a : a cost analyst for stamper manufacturing co. has assembled the following data about the model 24 stamp pad the piece

At the beginning of the yearhernandez company had total : at the beginning of the yearhernandez company had total assets of 800000 and total liabillities of 500000. if total

User Account

All Pages