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larisa86 [58]
3 years ago
12

Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l

abor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Quantity Standard Price or Rate Standard Cost Direct materials 6.50 pounds $ 1.30 per pound $ 8.45 Direct labor 0.40 hours $ 40.50 per hour $ 16.20 Variable manufacturing overhead 0.40 hours $ 9.20 per hour $ 3.68 During March, the following activity was recorded by the company: The company produced 3,100 units during the month. A total of 20,100 pounds of material were purchased at a cost of $14,280. There was no beginning inventory of materials on hand to start the month; at the end of the month, 4,320 pounds of material remained in the warehouse. During March, 1,160 direct labor-hours were worked at a rate of $37.50 per hour. Variable manufacturing overhead costs during March totaled $14,761.
Business
1 answer:
GarryVolchara [31]3 years ago
7 0

Answer:

$4,089 Unfavorable

Explanation:

Data provided

Standard variable rate = $9.20

Direct labor hours = 1,160

Variable manufacturing overhead costs = $14,761

The computation of variable overhead rate variance is shown below:-

Variable overhead rate variance = (Standard variable rate - (Variable manufacturing overhead costs ÷ Direct labor hours)) × Direct labor hours

= ($9.20 - ($14,761 ÷ 1,160) × 1,160

= ($9.20 - $12.725) × 1160

= $4,089 Unfavorable

Therefore for computing the variable overhead rate variance we simply applied the above formula.

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In a ________ marketing system, two or more unrelated companies put together resources or programs to exploit an emerging market
sammy [17]

In a horizontal marketing system, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity. Thus the correct option is E.

<h3>What is marketing?</h3>

Marketing refers as a technique in which awareness of any product is created with the help of advertising and promotion to attract customers and to encourage them to make a purchase.

A horizontal marketing system is a type of distribution channel in which unconnected businesses at the same level form an alliance. The objective is to take advantage of economies of scale.

Therefore, option E is appropriate.

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In the​ ________, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity.

A.contractual marketing system

B.vertical marketing system

C.conventional marketing channel

D.franchise organization

E.horizontal marketing system

8 0
1 year ago
You are a sales director for a company and have noticed employees are showing up towork dressed inappropriately. customers have
pochemuha
You could say something like "From this day forth all staff in the in-house sales department and <span>the traveling sales department. All men must wear suit and tie, and all women must be dressed in jeans and a long sleeve shirt!?"</span>
8 0
2 years ago
4 of 5) What is a good way to stay diversified?
vazorg [7]

Answer: C

Explanation: Re balance your portfolio every 3 months.

4 0
2 years ago
Lakeside Inc. produces a product that currently sells for $57.60 per unit. Current production costs per unit include direct mate
Sidana [21]

Answer:

It is convenient to make the changes.

Explanation:

Giving the following information:

Selling price= $57.60 per unit.

Direct materials= $22

Direct labor= $24

Variable overhead= $11.00

Fixed overhead= $11.00.

New costs:

Direct material cost= 22*1.2= $26.4

Direct labor cost= 24*1.2= $28.8

<u>I suppose that the selling price will increase by $40.</u>

To determine whether the changes increase profit or not, we need to calculate the unitary contribution margin per unit for both options:

Contribution margin= selling price - unitary variable cost

Actual Contribution margin:

Contribution margin= 57.6 - (22 - 24 - 11)= 0.6

New contribution margin:

Contribution margin= 97.60 - (26.4 - 28.8 - 11)= $31.4

5 0
2 years ago
Shoshone County uses the consumption method to account for supplies. At the beginning of the year the City had no supplies on ha
zhuklara [117]

Answer:

Expenditures $300,000; Supplies inventory $150,000.

Explanation:

The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.

After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.

Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.

3 0
3 years ago
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