Topaz company makes one product and has set the following

Reference no: EM13566346

Topaz Company makes one product and has set the following standards for materials and labor: Direct Materials Direct Labor Standard quantity or hours per unit ? pounds 2.20 hours Standard price or rate? per pound $ 8.50 per hour Standard cost per unit ? $ 18.70 - During the past month, the company purchased 6,100 pounds of direct materials at a cost of $16,470. All of this material was used in the production of 1,200 units of product. Direct labor cost totaled $19,260 for the month. The following variances have been computed: Materials quantity variance $ 1,180 U Total materials spending variance $ 345 F Labor efficiency variance $ 4,250 F

Reference no: EM13566346

Questions Cloud

The payments of 1 continue forever that annual effective : you are given an annuity immediate paying 22 annually for twenty years. after the twenty years the payments decrease by

You invest in an ordinary annuity of 3000 annually at 7 : you invest in an ordinary annuity of 3000 annually at 7 annual interest. what is the future value of the annuity at

Prepare the current assets section of the balance sheet for : prepare the current assets section of the balance sheet for gehrig company assuming that in addition to the receivables

Consider a retail firm with a net profit margin of 35 a : consider a retail firm with a net profit margin of 3.5 a total asset turnover of 1.8 total assets of 44 million and a

Topaz company makes one product and has set the following : topaz company makes one product and has set the following standards for materials and labor direct materials direct

Explain briefly the dividend irrelevance theory that was : explain briefly the dividend irrelevance theory that was put forward by modigliani and miller. what were the key

A machine costing 257500 with a four-year life and an : a machine costing 257500 with a four-year life and an estimated 20000 salvage value is installed in luther companys

The current ratio of a company is 61 and its acid-test : a the current ratio of a company is 61 and its acid-test ratio is 11. if the inventories and prepaid items amount to

Find the amount that should be set aside today to yield the : find the amount that should be set aside today to yield the desired future amountfuture amount needed 14000interest

User Account

All Pages