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!
You have recently accepted a position with Vitex, Inc., the manufacturer of a popular consumer product. During your first week on the job, the vice president has been favorably impressed with your work. She has been so impressed, in fact, that yesterday she called you into her office and asked you to attend the executive committee meeting this morning for the purpose of leading a discussion on the variances reported for last period. Anxious to favorably impress the executive committee, you took the variances and supporting data home last night to study.
On your way to work this morning, the papers were laying on the seat of your new, red convertible. As you were crossing a bridge on the highway, a sudden gust of wind caught the papers and blew them over the edge of the bridge and into the stream below. You managed to retrieve only one page, which contains the following information:
Variances Reported
You recall that manufacturing overhead cost is applied to production on the basis of direct labor-hours and that all of the materials purchased during the period were used in production. Work in process inventories are insignificant and can be ignored.
It is now 8:30 a.m. The executive committee meeting starts in just one hour; you realize that to avoid looking like a bungling fool you must somehow generate the necessary "backup" data for the variances before the meeting begins. Without backup data it will be impossible to lead the discussion or answer any questions.
What was the actual cost per pound of material? (Round your answer to 2 decimal places.)
What was the actual rate paid per direct labor-hour? (Round your answer to 2 decimal places.)
How much actual variable manufacturing overhead cost was incurred during the period?
a certain production process employs only labor l. output q is a function of labor given by the following relationship
The paid-in capital in excess of par value on the preferred stock was $12,000. Retained earnings at December 31, 2010 was $172,000. Prepare the stockholder's equity section of the balance sheet, as of December 31, 2010. If need be, prepare in an E..
write a 350- to 500-word paper in which you differentiate between valuation depreciation amortization and depletion. is
the sales policy at st. falls dictates that job bids be calculated by adding 24 percent to total manufacturing costs.
in january the knox comapny requisitions raw materials for production as follows job 1 900 job 2 1400 job 3 700 and
the ledger of montgomery company at the end of the current year shows accounts receivable 78000 credit sales 996000 and
A university's meal plan for students provides that 40% of a student's meal fee is made available to the student to purchase food at "cost." At the end of the term, the student receives a refund for any of this amount that has not been spent. The ..
in 2010 the sales revenue was 100 cost of goods sold 60 depreciation 15 and net income 12. 1110 balances on current
The Ice Corporation issues 30,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to Cash for $1,800,000 and a credit or credits to:
tonga toys manufactures and distributes a number of products to retailers. one of these products playclay requires
you have started a business that has now been going for a couple of years. due to the increased volume in sales you
a company has identified the following overhead costs and cost drivers for the coming year budgeted direct labor cost
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