Business, 10.03.2020 00:00 sampurple123
At the beginning of June, Kimber Toy Company budgeted 23,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows:
Direct materials $23,000
Direct labor 10,350
Total $33,350
The standard materials price is $0.50 per pound. The standard direct labor rate is $9.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows:
Actual direct materials $21,100
Actual direct labor 9,500
Total $30,600
There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Kimber Toy Company actually produced 20,500 units during June.
Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answers: 3
Business, 22.06.2019 20:20, cjp271
Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine
Answers: 1
Business, 22.06.2019 21:20, fespinoza019
Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
Answers: 2
Business, 23.06.2019 02:00, christiannpettyy
Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that
Answers: 1
At the beginning of June, Kimber Toy Company budgeted 23,000 toy action figures to be manufactured i...
French, 02.02.2021 22:10
Mathematics, 02.02.2021 22:10
Mathematics, 02.02.2021 22:10
English, 02.02.2021 22:10
English, 02.02.2021 22:10