The standards for one case of springfever tonic are: direct materials 5.50 lbs @ $4.50/lb = $ 24.75 direct labor 4.50 hrs @ $11.50/hr = 51.75 variable overhead (based on direct labor hours) 4.50 hrs. @ $5.50/hr = 24.75 during the week ended march 28, the following activity took place: 18,500 lbs. of raw materials were purchased for inventory at a cost of $4.45 per pound. 2,900 cases of finished product were produced. 17,000 lbs. of raw materials were used. 12,900 direct labor hours were worked at a total cost of $167,700. $76,110 of actual variable overhead costs were incurred. required: calculate each of the following variances. (do not round intermediate calculations. indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable.) a. price variance for raw material purchased b. raw materials usage variance c. direct labor rate variance d. direct labor efficiency variance e. variance overhead spending variance f. variable overhead efficiency variance.
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Business, 22.06.2019 02:20
Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.
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Business, 22.06.2019 12:20
In terms of precent, beer has more alcohol than whiskey true or false
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Business, 22.06.2019 19:20
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as
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Business, 23.06.2019 00:20
Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?
Answers: 1
The standards for one case of springfever tonic are: direct materials 5.50 lbs @ $4.50/lb = $ 24.75...
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