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!
A small local Covid Supply company produces a variety of cloth facemasks in an automated process. Expected production per month is 120,000 units. The company budgets to produce 400 facemasks per direct manufacturing labour hour (DMLH). The budgeted labour rate is $.08 per mask.
Actual direct manufacturing labour was $9,240 with an actual labour rate of $33.00 per hour. Plant utility costs were an additional $.15 per mask. Variable sales and marketing costs were $.10 per unit sold. The company produced 110,000 units based on customer orders, so all production was sold as it was produced.
Required:
Problem 1: What is the Rate and Efficiency variance for Direct Manufacturing Labour?
A) Rate Variance $280 F; Efficiency Variance $160 FB) Rate Variance $280 U; Efficiency Variance $160UC) Rate Variance $280 U; Efficiency Variance $640 FD) Rate Variance $280 U; Efficiency Variance $640UE) None of the other answers.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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