Answer:
A written warranty promises replacement or refund for defective products.
Please kindly note that none of the
Options given in the question is correct.
The correct answer is calculated and explained below
Answer:
$79.92 per move.
Explanation:
Activity rate can be calculated by dividing Activity cost budgeted for the particular activity pool by the Estimated or Total Activity base for that pool
Activity rate = Budgeted activity cost ÷ Estimated or Total Activity base
In the question above,
Budgeted Activity cost for material handling = $443,500
Estimated or Total Activity base for material handling (Summation of Total moves) = 1,460 + 760 + 3,700 = 5920 moves
Activity rate = $443,500 ÷ 5920
= $79.92 per move.
Answer:
Volume variance $1,320 Favorable
Explanation:
The fixed overhead volume variance is the difference between the actual and budgeted production unit multiplied by the standard fixed production overhead cost per unit.
Standard fixed overhead cost per unit = $11×6 = 116
Units
Budgeted units 375
Actual units <u>395</u>
Volume variance 20
Standard fixed overhead cost <u>× $66
</u>
Volume variance <u> $1,320 Favorable</u>
Answer:
c. Work in Process--Department 2 375,000 Work in Process--Department 1 375,000
Explanation:
The journal entry is shown below:
Work in Process - Department 2 $375,000 ($100,000 + $125,000 + $150,000)
To Work in Proces - Department 1 $375,000
(Being the flow of cost from Dept 1 to Dept 2 is recorded)
Here the work in process for dept 2 is debited as it increased the assets and credited the work in process for dept 2 as it decreased the assets
