Problem 25-2a ayala corporation accumulates the following data relative to jobs started and finished during the month of june 2017. costs and production data actual standard raw materials unit cost $2.20 $2.10 raw materials units used 11,400 10,700 direct labor payroll $175,500 $167,200 direct labor hours worked 15,000 15,200 manufacturing overhead incurred $202,600 manufacturing overhead applied $205,200 machine hours expected to be used at normal capacity 43,500 budgeted fixed overhead for june $65,250 variable overhead rate per machine hour $3.00 fixed overhead rate per machine hour $1.50 overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. the jobs were sold for $492,000. selling and administrative expenses were $39,500. assume that the amount of raw materials purchased equaled the amount used. compute all of the variances for (1) direct materials and (2) direct labor. (round answers to 0 decimal places, e. g. 125.) (1) total materials variance $ materials price variance $ materials quantity variance $ (2) total labor variance $ labor price variance $ labor quantity variance $ link to text link to text link to text compute the total overhead variance. total overhead variance $ link to text link to text link to text prepare an income statement for management. (ignore income taxes.) (round answers to 0 decimal places, e. g. 125.) ayala corporation income statement $ $ $

Required information problem 15-1a production costs computed and recorded; reports prepared lo c2, p1, p2, p3, p4 [the following information applies to the questions displayed below. marcelino co.'s march 31 inventory of raw materials is $84,000. raw materials purchases in april are $540,000, and factory payroll cost in april is $364,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $26,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $58,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $30,000 $36,000 direct labor 25,000 14,000 applied overhead 12,500 7,000 costs during april direct materials 133,000 210,000 $100,000 direct labor 105,000 150,000 101,000 applied overhead ? ? ? status on april 30 finished (sold) finished in process (unsold) required: 1. determine the total of each production cost incurred for april (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from march 31). a-materials purchases (on credit). b-direct materials used in production. c-direct labor paid and assigned to work in process inventory. d-indirect labor paid and assigned to factory overhead. e-overhead costs applied to work in process inventory. f-actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) g-transfer of jobs 306 and 307 to finished goods inventory. h-cost of goods sold for job 306. i-revenue from the sale of job 306. j-assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions. 3. prepare a schedule of cost of goods manufactured. 4.1 compute gross profit for april. 4.2 show how to present the inventories on the april 30 balance sheet.

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.

Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?