Reference no: EM133021558
Questions -
Q1 Lucky Company's direct labor information for the month of February is as follows:
Actual direct labor hours worked (AQ) 61,500
Standard direct labor hours allowed (SQ) 63,000
Total payroll for direct labor $774,900
Direct labor efficiency variance $18,000
Determine the standard direct labor rate per hour (SP) for February?
Q2. The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The following data are available for a proposed model:
Variable manufacturing costs $270
Applied fixed manufacturing overhead 135
Variable selling and administrative costs 90
Applied fixed selling and administrative costs 105
What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 150%?
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Record a journal entry for the original transaction
: For the transactions above, record a journal entry for the original transaction and record the required year-end adjustment
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Calculate the profit of the company month by month
: Calculate the profit of the company month by month and in total for the quarter using absorption costing and then marginal costing
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Determine the amount of dividends
: Determine the amount of dividends that was paid each year (2015-2019) for the preference shareholders and ordinary shareholders
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Determine the earnings per share on common stock
: Income before income tax was $342,000, and income taxes were $50,800 for the current year. Determine the earnings per share on common stock
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What price will the company charge
: What price will the company charge if the firm uses cost-plus pricing based on total variable cost and a markup percentage of 150%
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How many units were completed and transferred
: Department 2 had 4000 units, which were 20 percent are to conversion costs. How many units were completed and transferred from Department 2
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Find the number of equivalent units of production
: Material cost was $15,400., direct labor was $32,450 and factory overhead was $18,710. Find the number of equivalent units of production
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How much is the book value of the equipment
: After two years, the fair value of the equipment is $82,000. How much is the book value of the equipment at the end of the second year
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What is the firm cash conversion cycle
: Shulman Inc. has the following data, in thousands: Annual sales = $45,000. Assuming a 365-day year, what is the firm's cash conversion cycle
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