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Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget.
For the first quarter of the? year, direct materials and direct labor standards for one of their popular products were as? follows:
Direct? materials: 1 pound per? unit; $11 per poundDirect? labor: 2 hours per? unit; $18 per hour
Problem 1: What is the direct materials cost? variance? (Round any intermediate calculations to the nearest? cent, and your final answer to the nearest? dollar.)
A. $16,800 FavorableB. $16,800 UnfavorableC. $8,960 UnfavorableD. $8,960 Favorable
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During the current month, a company that uses a job order cost accounting system incurred a monthly factory payroll of $ 175,000, paid in cash.
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Will this method yield a valid estimate of incremental cost?Explain. What were the costs per equivalent unit for May?
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Find what is the number of additional rooms must Hunderland sell beyond the breakeven point to reach the desired profit level of $80,000?
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