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!
Spine Line is a manufacturer of high-quality products designed to help support healthy spines. Their newest product offering is a massage chart. Below is the standard cost structure for the chair:Standard Cost Sheet: Massage ChairMetal tubing6 meters @ $3$18.00Leather2 square meters @ $7$14.00Padding3 kilograms @$4$12.00Direct labor4 hours @ $15$60.00Total standard cost$104.00This month, Spine Line manufactured 500 massage chairs. The following costs were incurred:Actual Costs Incurred for the Month: Massage ChairMetal tubing3,100 meters$9,455Leather1,100 square meters$7,722Padding1,600 kilograms$6,560Direct Labor1,800 hours$27,270Total cost$51,007Adapted from: Zimmerman, J. L. (2014). Accounting for decision making and control (8th ed.). New York: NY: McGraw-Hill, "Healing Touch", p. 565.Suppose you are the senior controller for Spine Line and you plan to perform a variance analysis of the massage chairs manufactured to determine if the standards are being met. Once you have completed the analysis, you plan to show it to the production department manager and ask for an explanation of any variances that you believe should be examined. The Assignment:?Part 1: Calculate all materials and labor variances in a spreadsheet by using a program like Excel. Be sure to include price, quantity, wage rate, and labor efficiency variances.?Summarize and analyze the actual costs in relation to the standard costs incurred for the month.?Ask for clarification of any variances that need to be investigated.
prepare a return on investment analysis for the regional manager of Out-and-In Burgers. This growing chain is trying to decide which outlet of two alternatives to open. The first location (A) requires a $500,000 investment and is expected to yield an..
Spock Corporation's unadjusted trial balance at Dec 31, 2007, included the following accounts. Spock Corporation estimates its bad debt expense to be 1.5% of net sales.
Assume you purchased a corporate bond at its current market price of $850 on January 2, 2002. It pays 9 percent interest and it will mature on December 31, 2011, at which time the corporation will pay you the face value of $1,000. a. Determine the..
In recent years, the treatment of the intangible asset "goodwill" has undergone significant change as a result of the implementation of FASB 142. Goodwill is the value of a going concern. You cannot touch it.
Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.
The company expects to sell 10% of its merchandise for cash. Of sales on account, 58% are expected to be collected in the month of the sale, 38% in the month following the sale, and the remainder in the second month following the sale. Prepare a s..
The following costs were incurred in August: Direct materials $37,000 Direct labor 14,000 Manufacturing overhead 38,000 Selling expenses 10,000 Administrative expenses 28,000 Conversion costs during the month totaled:
Determine the amount of cash Janice's Dress Delivery expects to collect from accounts receivable during January.
The underlying rationale for the alimony rules is that: 1. The fruit and tree metaphor should be rigorously applied.
The income statement is an integral part of all financial statements presentations. There are two ways of creating the income statement, the single-step and the multiple-step methods.
How much amortization expense will be on the consolidated financial statements for the year ended December 31, 2009 related to the acquisition of Green?
Based on these data, the per-unit dollar advantage or disadvantage of purchasing from the outside supplier would be:
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