Business, 14.10.2020 14:01 triciamarler
Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of direct labor hours. The following information is given: Standard costs per unit: Raw materials (1.5 grams at $16 per gram) Direct labor (0.75 hours at $8 per hour) Variable overhead (0.75 hours at $3 per hour) Actual experience for current year: Units produced Purchases of raw materials (21,000 grams at $17 per gram) .. Raw materials used Direct labor (16,750 hours at $8 per hour) Variable overhead cost incurred Required: $24.00 $6.00 $2.25 22,400 units $357,000 33,400 grams $134,000 $48,575 Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase: a. Direct materials price variance. b. Direct materials quantity variance. c. Direct labor rate variance. d. Direct labor efficiency variance. e. Variable overhead spending variance. f. Variable overhead efficiency variance. g. As a manager, why is variance analysis important
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Business, 22.06.2019 03:00
Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit
Answers: 1
Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
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Business, 22.06.2019 14:40
Which of the following would classify as a general education requirement
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Business, 22.06.2019 16:30
En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?
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Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is...
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