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 05:00

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Answers: 3

Answer

Business, 22.06.2019 06:00

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Answers: 1

Answer

Business, 22.06.2019 12:20

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

Answers: 3

Answer

Business, 22.06.2019 15:00

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Answers: 2

Answer

You know the right answer?

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

Questions