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!
Question - Plastic Company manufactures one product, called XXY, used in the plastic industry. The company prepares its budget on the basis of standard costs. The following planned and actual data are for December 2018.
XXY
Standard Data:
Direct Materials
4 kg @ £ 1.10/Kg
Direct Labor
6 hs @ £5/hour
Variable Overhead (per DL hour)
£ 3.50
Fixed Overhead
£ 26,520
Expected Activity (in DL hours)
7,800 DL hours
Actual Data:
4,700 Kg @ £ 1.15/Kg
7,400 hours @ £ 5.10/hour
Variable Overhead
£ 25,234
£ 26,400
Units Produced
1,200
Required -
1. Prepare a variance analysis for each variable cost component of XXY (hint: actual quantities of direct materials that were purchased equal the actual direct material quantities used into production).
2. Prepare a fixed overhead variance analysis, assuming that Plastic Company applies fixed overhead based on expected volumes (i.e., units).
If were the owner of an Accounting Firm, how you would use budgets in your company and how you would use budgets to hold each manager accountable?
In a simple linear regression model, the standard error of the estimate of y represents: The proportion of the variance explained by the independent variable.
Make in journal form the entries necessary to record the stock transactions of the Hamilton Corp. during 2019. July 1 Retired the remaining shares.
Explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility
Coca plc is a profitable business that produces a single product. What would be the net benefit (or loss) to the business if the order is accepted?
What account is credited when overhead cost is applied to Work in Process? Would you expect the amount of overhead applied for a period to equal actual overhead
Calculate the gross profit and gross margin as % of each product , using alternative methods to share the joint cost,They were no opening or closing stock.
The cost to transport the sundial to the auction is $150. What is the lowest price Time to Live should accept for the sundial
Prepare cash budget for the month of May-2017. 30% of Sales are on cash, company past experience suggest credit sales are collected 40% in the month of sales
Outsourcing and Offshoring have been hot topics in the past. Discuss tax issues, international transactions, as well as non-financial issues
Which method would you recommend for your company, and why? How could the costs differ if one method is chosen over the other?
Determine the labor efficiency variance for March is. A total of 19,400 pounds of material were purchased at a cost of $13,580.
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