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Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70

fenix001 [56]

Answer:

The answer is: The overhead variance was $1,700 and it was overapplied

Explanation:

Victryl's estimated overhead cost per labor hour was:

$700,000 / 35,000 = $20 per labor hour

If during February, Victryl had 5,000 direct labor hours, then its estimated cost should have been: $20 x 5,000 = $100,000 estimated overhead cost

The actual overhead cost was $98,300, which is $1,700 less than the estimated cost.

8 0

3 years ago

When shipments from a number of sources are combined into one larger shipment going to a single location, the operation is known

Anit [1.1K]

When shipments from a number of sources are combined into one larger shipment going to a single location, the operation is known as warehouse consolidation.

Product Shipments means, for each Performance Period, the quantitative and measurable number of units of a particular Product shipped during that Performance Period.

Cargo is a word used as a noun to describe goods being transported. Shipping is a word that is used both as a noun and as a verb. When used as a verb, it includes the word ship and thus refers to the actual transportation of goods, not necessarily by sea.

Total shipments represent the quantity shipped by regular shippers or the quantity paid by regular shippers during the base period, whichever is greater.

Learn more about shipments here:brainly.com/question/12887070

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7 0

1 year ago

A golf ball manufacturer gives us its data for the year: WIP Inventory, January 1 Units started Units completed and transferred

N76 [4]

Answer:

c. $10,106 if taken separately for Direct Material or Conversion Costs

Or None of these as total cost is $ 10,779+$ 10,081= $20860 for units transferred out

Explanation:

Units % of Eq. Units

Completion D.M Conversion

Units completed and

transferred out 6,400 units 100% 6400 6400

WIP Inventory, 3,100 units 90%,60% 2790 1860

December 31

<u>Total Units to account for 9190 8260</u>

Direct materials $15,478

Direct labor $7,400

Manufacturing Overhead $5,611

Direct Material Cost per unit= $ 15478/9190= $ 1.684

Conversion Cost per unit= $13011 / 8260= 1.575=$ 1.58

Direct Material Cost for Completed units = 6400 * $1.684= $ 10,779

Conversion Cost for Completed units = 6400 *1.575= $ 10,081

6 0

4 years ago

Rad, a manufacturer of luxury watches, charges a higher price for its products than its competitors. Despite the high prices, th

rodikova [14]

Answer:

More-for-more

Explanation:

A value proposition refers to the value a company promises to deliver to customers if they decide to purchase their product. A value proposition is also a declaration of intent or a statement that introduces a company's brand to consumers by informing the customers what the company stands for, how it is being operated, and why it deserves their patronage.

8 0

4 years ago

Portman Industries just paid a dividend of $2.40 per share. The company expects the coming year to be very profitable, and its d

Marina86 [1]

Answer:

Dividend for year one;

2.40 × (1+0.12)= 2.688

For year 2

2.40 × (1+0.12)^2 =3.01056

For year 3

2.40 ×(1+0.12)^3 = 3.3718

4 0

3 years ago