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kap26 [50]
3 years ago
12

Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 5 hours at $7.50

per hour 37.50 Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 $ 70,200 Direct material used 23,100 pounds at $2.70 62,370 Direct labor 40,100 hours at $7.30 292,730 Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are:
Business
1 answer:
Ainat [17]3 years ago
4 0

Answer:

Standard hours for Job C77 39,000 HOURS

Explanation:

We are asked for Direct labours, so everything else is irrelevant for now.

In the first sentence we got the stadard values for 1 units of product:

Cost Standard DL 5 hours at $37.5 for 1 unit of product

Now let's check how many units were done on job C77

Job C77 Unit Produced 7,800 units

If each units standard is 5 hours, then multiplying we get the standard hours for job C77

Standard hours for the work:

Actual units * StandardHours =$Standard Units JOB C77

7,800 * 5= 39,000

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Answer:

b) a debit to Depletion Expense for $175,000

Explanation:

The computation of the depletion expense is shown below:

Depletion expense = (Purchase of mining rights × current year mined tons of ore) ÷ (expected harvested tons of ore)

= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)

= $175,000

So the journal entry would be

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3 years ago
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Otrada [13]

Answer:

option a 13.5%

Explanation:

                       Expected

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Value Stocks           0.12             14%

Growth Stocks   0.15            24%

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Expected return on market portfolio = Weight of value stock * return of value stock + weight of growth stock * value of growth stock

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3 years ago
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by installing a new injection molding machine into its assembly line, plastic molding Inc. can decrease its production cost by a
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3 years ago
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