Answer:
a. $2,020 Favorable
Explanation:
The computation of spending variance for direct materials in April is shown below:-
For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-
Actual price per unit = Actual direct material ÷ Actual units purchased
= $49,086 ÷ $5,060
= $9.70
Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity
= ($9.70 - $10.10) × 5,060
= -$0.4 × 5,060
= $2,024 Favorable
which is closest to $2,020 Favorable.
Answer:
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Answer:
(A) Are an integral part of a company's financial statements.
Explanation:
The company financial statement involves income statement, statement of stockholder equity, balance sheet, and the cash flow statement
The disclosure notes contain the important facts and figures which are required to disclose it as it reveals the crucial information which might change the decision of the users and it cannot be shown elsewhere in the financial statement
Answer:
$5.4 and $5.4
Explanation:
The formula and the computation is shown below:
= Total setup cost ÷ total direct labor hours
= $91,800 ÷ 102,000 hours
= $0.9
For plus:
Setup cost is
= $0.9 × 6
= $5.4
And,
For Max:
= $0.9 × 6
= $5.4
We simply multiplied the per unit with the direct labor per unit so that the allocation to each unit could come
