Reference no: EM132916485
Questions -
Q1. Calma Company uses a standard cost system. The following budget, at normal capacity, and the actual results are summarized for the month of December:
Budgeted data:
Direct labor hours 24,000
Variable factory OH P 48,000
Fixed factory OH P108,000
Total factory OH per DLH P 6.50
Actual data for December were as follows:
Direct labor hours worked 22,000
Total factory OH P147,000
Standard DLHs allowed for capacity attained 21,000
Using the two-way analysis of overhead variance, what is the uncontrollable variance for December?
Q2. Edco Company produced and sold 45,000 units of a single product last year, with the following results:
Sales revenue $1,350,000
Manufacturing costs:
Variable 585,000
Fixed 270,000
Selling costs:
Variable 40,500
Fixed 54,000
Administrative costs:
Variable 184,500
Fixed 108,000
Edco's operating leverage factor was?
Q3. The Bohol Company uses standard costing. The following data are available for October:
Actual quantity of direct materials used 23,500 pounds
Standard price of direct materials P2 per pound
Material quantity variance P1,000 U
The standard quantity of materials allowed for October production is?
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