Business, 26.09.2019 16:30 litwork1726

Material, labor, and variable overhead variances the following summarized manufacturing data relate to thomas corporation’s april operations, during which 2,000 finished units of product were produced. normal monthly capacity is 1,100 direct labor hours. standard units costs total actual costs direct material standard (2 lb. @ $9.00/lb.) $18 actual (4,200 lb. @ $10.20/lb.) $42,840 direct labor standard (0.5 hr. @ $24/hr.) $12 actual (950 hrs. @ $23.40/hr.) 22,230 variable overhead standard (0.5 hr. @ $6/hr.) $3 actual - 6,450 total $33 $71,520 determine the following variances: do not use negative signs with any of your answers. next to each variance answer, select either "f" for favorable or "u" for unfavorable. materials variances actual cost: answer split cost: answer standard cost: answer materials price answer answer materials efficiency answer answer labor variances actual cost: answer split cost: answer standard cost: answer labor rate answer answer labor efficiency answer answer variable overhead variances actual cost: answer split cost: answer standard cost: answer variable overhead spending answer answer variable overhead efficiency answer answer

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 15:20

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Answers: 2

Answer

Business, 22.06.2019 16:00

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

Answers: 1

Answer

Business, 22.06.2019 22:30

Aresearcher developing scanners to search for hidden weapons at airports has concluded that a new scanner isis significantly better than the current scanner. he made his decision based on a test using alpha equals 0.025 .α=0.025. would he have made the same decision at alpha equals 0.10 question mark α=0.10? how about alpha equals 0.01 question mark α=0.01? explain

Answers: 3

Answer

Business, 22.06.2019 23:20

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?

Answers: 3

Answer

You know the right answer?

Material, labor, and variable overhead variances the following summarized manufacturing data relate...

Questions