1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lostsunrise [7]
3 years ago
13

Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials

and direct labor) of its single product are:
Material (5 kilograms × $6.00 per kilogram) $ 30.00
Labor (5 hours × $19.60 per hour) 98.00
All materials are added at the beginning of processing. The following data were taken from the company’s records for November:
In-process beginning inventory None
In-process ending inventory 600 units, 70% complete as to direct labor
Units completed 6,700 units
Budgeted output 7,100 units
Purchases of materials 61,000 kilograms
Total actual direct labor costs $ 620,000
Actual direct labor hours 34,200 hours
Materials usage variance $ 2,700 Unfavorable
Total materials variance $ 750 Unfavorable
Required:
1. Compute for November:
a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)?
b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)?
c. The actual number of kilograms of material used in the production process during the month.
d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase.
e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account.
f. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month.
Business
1 answer:
aleksandrvk [35]3 years ago
4 0

Answer:

a- $27,400 (favorable)

b- $50,320 (favorable)

c- 36,950 kg

d- $5.968 per kg

e- $857600

f- $55,800

Explanation:

a- Labor efficiency variance = SP ×(AQ −SQ)

b- Labor rate (price) variance = (AP ×AQ) −(SP ×AQ)

c- Actual kgs. Of material used in November = std. quantity allowed +/- efficiency variance

d-   Materials price variance = total materials variance −materials usage variance

then calculate

ctual price per kg. (AP) = Std. price per kg. (SP) −Per unit favorable price variance

e- Total amount of "prime costs" transferred to the finished goods inventory account = Std. manufacturing cost/unit ×#units manufactured

f- Equivalent units in ending WIP Inventory x Standard cost per equivalent units the add the sum for Materials and Labor.

You might be interested in
A process cost accounting system is most appropriate when
mixer [17]

Answer:

When Manufacturing of a Product involves several processes.

Explanation:

When several processes are involved in manufacturing a product, costs need to be accumulated in these processing departments. Thus, A process cost accounting system is most appropriate

4 0
3 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:When
igomit [66]

The correct option is (e) All of the above.

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include all the statements which are given in the question.

<h3>What is vulnerable subject in research study?</h3>

Vulnerable subject populations are regarded as groups of people who may be particularly vulnerable to pressure or improper influence. These include: minors and children. people with cognitive impairment.

There are many possible ways to define who is vulnerable in the research context. Some would include the following:

  • those who are ill (dependent on clinician for care),
  • ethnic or racial minorities
  • English speakers
  • children
  • the economically disadvantaged
  • adults with diminished capacity

Social, cognitive, environmental, emotional, and military vulnerability are a few examples.

Vulnerability is a notion that connects how individuals interact with their environment to the social forces, institutions, and cultural values that support and oppose risks and disasters.

To know more about research study, here

brainly.com/question/14595095

#SPJ4

The complete question is -

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:

(a) The employer may encourage or deny participation of workers

(b) Employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the organization.

(c) Unions may encourage employees to participate with the expectation that "entitlements" may follow from study results

(d)The research study's finding could affect an employee's pay, benefits or promotion potential.

(e) All of the above.

4 0
1 year ago
What is the best advice for negotiating a business deal in a cross-cultural setting? avoid a win/win outcome. conduct transactio
DerKrebs [107]

In this case, you would want to avoid a win-lose situation.

1. You would want a win-win (where both parties feel as though they are gaining something from the transaction).

2. You can never go into an international negotiation with the same mentality as you would for in the US. Every culture is different and you should be aware of those differences.

3. You should not move too quickly between subjects. You should always ensure all parties understand and agree, which may take time.

7 0
3 years ago
Shoshanna, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent o
Citrus2011 [14]

Answer:

C. Ethical Standards

Explanation:

The ethical standards establish the parameters of behavior that owners and top executives expect from employees and also from suppliers, at least to the extent of their relationship with the organization.

3 0
2 years ago
While a(n) Blank______ firm views the world as one market and emphasizes cultural similarities across countries rather than diff
givi [52]
  • A firm that treats the whole world as one market by emphasizing the similar cultures in all the countries is called a global marketing firm.
  • A firm that observes the world is comprised of different countries and done marketing of products in each country in a varied manner is called a multinational marketing firm.

<h3>What is a marketing firm?</h3>

A marketing firm is an entity that enabled a business to create, execute and sustain the marketing strategies in the consumer market.

  • The global marketing firm is the one that creates a standardized market in the scenario of similar cultures and adapts when the cultures are different in the worldwide market.
  • The multi-national marketing firm is the entity that introduces varied products, their branding, and promotion in various countries in which they have their businesses.

Therefore, the global marketing firm focuses on marketing in the entire world whereas the multinational marketing firm focuses on the country in which they have their business set up.

Learn more about the marketing in the related link:

brainly.com/question/27155256

#SPJ1

5 0
1 year ago
Other questions:
  • Jamie knows that his spring break travel packages are the best deal on campus. He also knows his competitor is sloppy, often wai
    6·1 answer
  • Use this information for Rylan Corporation to answer the question that follow. Rylan Corporation received an offer from an expor
    14·1 answer
  • Allison buys equipment and pays cash of $50,000, signs a note of $10,000 and assumes a liability on the property for $3,000. In
    14·1 answer
  • Sturtevant provided genetic evidence for the existence of four pairs of chromosomes in Drosophila in which of these ways?
    15·1 answer
  • Communication involves the transfer of meaning. however, for communication to be successful the meaning must not only be imparte
    7·1 answer
  • Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2018. The payroll expense includes employer FICA tax, in a
    12·1 answer
  • Sylvia works part-time at an office and also goes to school in the evenings. She is considering taking supplies for a class proj
    11·1 answer
  • Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for
    9·1 answer
  • We are trading a large amount of goods with a Thai customer, and the customer is requesting full payment in L/C, as they have be
    14·1 answer
  • HEY IS THIS THING ON
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!