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
Alla [95]
3 years ago
5

Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each

of the products uses two raw materials, X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis):
Raw Material

Standard Labor Time

Product X442 Y661 Sintering Finishing
Alpha6 1.8 kilos 2.0 liters 0.20 hours 0.80 hours
Zeta7 3.0 kilos 4.5 liters 0.35 hours 0.90 hours


Information relating to materials purchased and materials used in production during May follows:


Material Purchases Purchase Cost Standard
Price Used in
Production
X442 14,500 kilos $52,200 $3.50 per kilo 8,500 kilos
Y661 15,500 liters $20,925 $1.40 per liter 13,000 liters


The following additional information is available:
a. The company recognizes price variances when materials are purchased.
b. The standard labor rate is $19.80 per hour in Sintering and $19.20 per hour in Finishing.
c.
During May, 1,200 direct labor-hours were worked in Sintering at a total labor cost of $27,000, and 2,850 direct labor-hours were worked in Finishing at a total labor cost of $59,850.

d. Production during May was 1,500 Alpha6s and 2,000 Zeta7s.


Requied:
1.
Complete the standard cost card for each product, showing the standard cost of direct materials and direct labor. (Round your answers to 2 decimal places.)



2.
Compute the materials price and quantity variances for each material. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to 2 decimal places.)




3.
Compute the labor rate and efficiency variances for each operation. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to 2 decimal places.)
Business
1 answer:
Alexus [3.1K]3 years ago
3 0

Answer:

1.8

Explanation:

You might be interested in
Two major variables in choosing the structure and design of an organization are the opportunities and need for ________.
Sphinxa [80]

Answer:

globalization and localization.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Also, localization (local responsiveness) refers to the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to. Thus, a firm that is facing both strong cost pressures and strong pressures for localization should ensure that it adopts a global standardization strategy.

Hence, two major variables in choosing the structure and design of an organization are the opportunities and need for globalization and localization because the opportunities that abound in the market would determine the level of revenues (cash-inflows) that the organization can generate.

3 0
3 years ago
Your friend Jeanne is searching for a job and has decided to update her LinkedIn profile. She wants to enhance the credibility o
Vadim26 [7]
I would suggest she’d ask for recommendations from instructors, employers, and colleagues.
7 0
3 years ago
N addition to the department conservation police officers and local law enforcement authorities, where else can you get an accid
saveliy_v [14]
Accident report form can be obtained from department conservation police officers, local law enforcement authorities, ALL DEPARTMENT OFFICES AND THE WEBSITE OF VIRGINIA DEPARTMENT OF GAME AND INLAND FISHERIES. All vessel operators are mandated to file a formal  boating accident report withe the department of game and inland fisheries under certain conditions.
7 0
3 years ago
Assume a project has normal cash flows. according to the accept/reject rules, the project should be accepted if the?
True [87]

Assume a project has normal cash flows. According to the accept/reject rules, the project should be accepted if the: IRR exceeds the required return.

Internal rate of return (IRR) is a metric used in financial analysis to estimate the potential profitability of an investment. The IRR is the discount rate that drives the net present value (NPV) of all cash flows to zero in discounted cash flow analysts. This suggests that an expected angel investment IRR of at least 22% is considered a good IRR. The higher

the project's projected IRR and the higher the amount above its cost of capital, the more net cash the project brings to the firm. So in this case the project appears to be profitable and management should go ahead with it.

Learn more about IRR  here

brainly.com/question/15933534

#SPJ4

6 0
2 years ago
An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compen
Goshia [24]
The answer is true. By way of upbringing, unemployment compensation is a package that your state manages and which swaps some of your salaries when you lose your job. Each state's package is dissimilar. Maximum weekly assistances range from a little of about $200 to a high of about $600. In most states, you can acquire up to 26 weeks of benefits. Some states offer fewer; Georgia is the lowest at 18 weeks.
6 0
4 years ago
Other questions:
  • Select the correct answer.
    8·2 answers
  • What annual inflation rate do fed officials consider a healthy level for spending business investment and higher wages
    10·1 answer
  • In order to build a new warehouse facility, the regional distributor for Valco Multi-position Valves borrowed $1.6 million at 10
    11·1 answer
  • You usually go to the theater to see a lot of movies. Now you are considering buying a DVD player and renting movies instead. Yo
    10·1 answer
  • Goodwin Technologies has been wildly successful but has yet to pay a dividend.
    10·1 answer
  • Cwhat is the name of the international financial institution dedicated to the economic advancement of developing nations through
    5·1 answer
  • Held-to-maturity securities a.are reported at fair value. b.include equity securities. c.are not intended to be held until the m
    12·1 answer
  • To produce x units of a religious medal costs Upper C (x )equals 17 x plus 32. The revenue is Upper R (x )equals 25 x. Both cost
    13·1 answer
  • Many firms securely share relevant​ sales, inventory, product​ development, and marketing information with suppliers and other e
    14·1 answer
  • Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!