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Leto [7]
3 years ago
14

​Fender, which uses a standard cost​ system, manufactured 20 comma 000 boat fenders during 2018​, using 141 comma 000 square fee

t of extruded vinyl purchased at $ 1.45 per square foot. Production required 420 direct labor hours that cost $ 16.50 per hour. The direct materials standard was seven square feet of vinyl per​ fender, at a standard cost of $ 1.50 per square foot. The labor standard was 0.027 direct labor hour per​ fender, at a standard cost of $ 15.50 per hour.
Complete the costs and efficiency variances for Direct materials and direct labor. Does the pattern of variances suggest Fender's managers have been making trade-offs? Explain.
Business
1 answer:
jeka943 years ago
4 0

Answer:

The costs and efficiency variances for Direct materials are  7,050 F  and 1500 U  and  The costs and efficiency variances for direct labor are 1,860 F and 1440 U.

Explanation:

Materials:

Standard Budget                          Actual

Units  $ Total            Units  $    Total

140000 1.5 210,000          141000 1.45    204,450

Direct Material Variances:

Direct Material Price Variance = Standard Cost for Actual Quantity – Actual Cost

                                                  = 210,000 - 204,450

                                                  = 5,550 F

Direct Material Price Usage Variance = Actual Quantity at Actual Price - Standard Quantity at Actual price  

                                                               = 1.45 *( 141,000 - 140,000)

                                                                = 7,050 F

Direct Material Efficiency Variance

= Standard Cost of Standard Quantity for Actual Production – Standard Cost of Actual Quantity in Standard Proportion

= 1.5 * (140000 - 141000)

= 1500 U

Labor:

Standard Budget                                        Actual

Hours                        $ Total  Hours $ Total

540 (20000*0.027)     15.5 8,370  420      16.5 6,930

Direct Labor Variances:

Direct Labor Rate Variance = Actual hours worked × Actual rate – Actual hours worked × Standard rate

= 6,930 - 6,510

= 420 F

Direct Labor Usage Variance = Actual hours worked × Standard rate – Standard hours allowed × Standard rate

= 15.5 * (420 - 540)

= 1,860 F

Direct Labor Efficiency Variance = Standard Cost of Standard Quantity for Actual Production – Standard Cost of Actual Quantity in Standard Proportion

= 8,370 - 6,930

= 1440 U  

Therefore, The costs and efficiency variances for Direct materials are  7,050 F  and 1500 U  and  The costs and efficiency variances for direct labor are 1,860 F and 1440 U.

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A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve
Yakvenalex [24]

Answer:

PLAN A:

(120 * 0.39) + (40 * 0.19) + 20 = $74.40

PLAN B:

(120 * 0.49) + (40 * 0.14) + 20 = $84.40

PLAN C:

$20 + $75 = $95 ;

PLAN A is optimal from 0 to 192 minutes

PLAN C is optimal from 192 minutes onward ;

Explanation:

PLAN A :

Service charge = $20

Daytime = $0.39 per minute

Evening = $0.19 per minute

PLAN B :

Service charge = $20

Daytime = $0.49 per minute

Evening = $0.14 per minute

PLAN C :

Service charge = $20

225 minutes = $75

Minutes beyond 225 = $0.36 per minute

A.)

Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

PLAN A:

(120 * 0.39) + (40 * 0.19) + 20 = $74.40

PLAN B:

(120 * 0.49) + (40 * 0.14) + 20 = $84.40

PLAN C:

$20 + $75 = $95

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

PLAN A:

20 + 0.39D = 95

0.39D = 95 - 20

D = 75 / 0.39

D = 192.31

5 0
3 years ago
?????????????????????????
MatroZZZ [7]

I believe your answer is A: Unearned Revenue.

Because, if a business has received cash, in advance of services performed, and credits a liability account, the adjusting entry needed, after the services are performed, will be debit Unearned Revenue and credit Cash.

5 0
3 years ago
Without _____, leaders can miss important signals that something is going wrong. question 2 options:
lisabon 2012 [21]
<span>Without feedback, leaders can miss important signals that something is going wrong.
</span><span>A communication path between them and their employees (a feedback) is very important in order the leaders to be successful and to achieve the desired results and goals.</span>
4 0
3 years ago
Suppose Charlene Brewster has timesâ (in seconds) of 8.5â, 8.5â, 8.3â, 8.6â, 8.7â, 8.4 and a performance rating of 85â%.
professor190 [17]

Answer:

1. 10s

2. Slower than normal

Explanation:

1. To calculate the normal time, we first take the average of Charlene's observed times:

Average of Charlene's observed time = \frac{(8.5+8.5+8.3+8.6+8.7+8.4)}{6}= 8.5s

Her normal time is therefore: \frac{Average of Charlene's observed time}{performance rating} = \frac{8.5}{0.85} = 10s

2. Since no of Charlene's observed time is higher than normal time of 10s, we can therefore conclude that her work perfomance should be rated as slower than normal.

7 0
4 years ago
Mike started a calendar year business on September 1st of this year by paying 12 months of rent on his shop at $1,000 per month.
serious [3.7K]

Answer:

accrual method = $4000

cash method = $12000

Explanation:

given data

rent = $1000

time = 12 month

to find out

maximum amount of rent

solution

we know from 1 September mika start paying rent

so  September to December = 4 months

so by accrual method

accrual method = rent × time

accrual method = 1000 × 4

accrual method = $4000

and

by cash method

cash method  = rent × time

cash method  = 1000 × 12

cash method = $12000

6 0
3 years ago
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