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Dmitriy789 [7]
4 years ago
6

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 1.5 pounds $ 6.00 per pound $ 9.00 Direct labor 0.6 hours $ 18.00 per hour $ 10.80 Variable manufacturing overhead 0.6 hours $ 4.25 per hour $ 2.55 During March, the following activity was recorded by the company: The company produced 5,400 units during the month. A total of 11,600 pounds of material were purchased at a cost of $32,480. There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,320 pounds of material remained in the warehouse. During March, 3,440 direct labor-hours were worked at a rate of $18.50 per hour. Variable manufacturing overhead costs during March totaled $8,972. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for March is: Multiple Choice $17,380 U $7,080 U $17,380 F $7,080 F
Business
1 answer:
NikAS [45]4 years ago
7 0
That's a lot of words, isn't it young child? anyways, i don't know the answer, but i wish you a merry early christmas, and please don't catch the coronavirus :)
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Exercise 8-5A Determining flexible budget variances LO 8-4 Benson Manufacturing Company established the following standard price
leva [86]

Answer:

A. $720 Unfavorable

B. $840 Unfavorable

C. $1,560 Unfavorable

D. $800 Favorable

E. $30 Unfavorable

F. $790 Unfavorable

Explanation:

The computation of given question is shown below:-

A. Sales = (Budget quantity - Actual quantity) × Budgeted sale price

= ($8.10 - $7.80) × 2,400

= $0.3 × 2,400

= $720 Unfavorable

B. Variable manufacturing = (Actual variable cost - Budgeted variable manufacturing cost) × Budgeted sale price

= ($4.25 - $3.90) × 2,400

= $0.35 × 2,400

= $840 Unfavorable

C. Contribution margin = ((Budgeted sales price - Budgeted variable manufacturing cost) - (Actual sale price - Actual variable cost)) × Budgeted sale price

= (($8.10 - $3.90) - ($7.80 - $4.25)) × 2,400

= $0.65 × 2,400

= $1,560 Unfavorable

D. Fixed manufacturing = Actual fixed manufacturing cost - Budgeted  Fixed manufacturing cost

= $1,300 - $2,100

= $800 Favorable

E. Fixed selling and admin cost = Actual selling and administrative costs - Budgeted fixed selling and administrative cost

= $530 - $500

= $30 Unfavorable

F. Net income (loss) = Contribution margin - Fixed manufacturing + Fixed selling and admin cost

= $1,560 - $800 + $30

= $790 Unfavorable

8 0
3 years ago
Times interest earned is calculated by:
pickupchik [31]

Answer:

C)  Dividing income before interest expense and income taxes by interest expense.

Explanation:

Times interest earned is the interest coverage ratio. This explains how many times a company is able to cover its interest expense as relative to its income.

This is calculated by Dividing income before interest expense and income taxes by the interest incomes. This basically conveys signals about the performance of the company and its solvency by finding a performance measure of how many times a company can pay off its debt obligations.

A higher interest times earned metric means a healthier firm.

Hope that helps.

7 0
3 years ago
Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. The dollar amo
White raven [17]
Given:
Current ratio: 2.65
acid test ratio: 2.01
current liabilities: $45,000

Current ratio = current asset / current liabilities
2.65 = current assets / 45,000
2.65 * 45,000 = current assets
119,250 = current assets

Acid test ratio = (current assets - stocks) / current liabilities
2.01 = (current assets - stocks) / 45,000
2.01 * 45,000 = current assets - stocks
90,450 = current assets - stocks

119,250 - 90,450 = 28,800 is the dollar amount of merchandise inventory.
6 0
3 years ago
TB MC Qu. 04-126 Juniper Company uses a perpetual inventory... Juniper Company uses a perpetual inventory system and the gross m
Sholpan [36]

Answer:

The journal entry to record the purchase on August 7 is:

Debit Merchandise $9,750

Credit Accounts Payable $9,750

Explanation:

The terms of 1/10, n/30 means 1% discount for the payment within 10 days and the full amount to be paid within 30 days.

The company purchased $9,750 of merchandise on August 7, returned $1,500 worth of merchandise on August 11, paid the full amount due on August 16 and received the discount. Juniper Company uses the gross method of accounting for purchases. Following accrual accounting method, the journal entry to record the purchase on August 7 is:

Debit Merchandise $9,750

Credit Accounts Payable $9,750

3 0
3 years ago
Guard cells actively open and close the stomata of leaves. what delicate internal balance do these guard cells control with thei
andrey2020 [161]
Gas exchange and water balance are what these guard cells opt to maintain in the plant's structure for homeostasis. Moreover, these two factors are what regulate the action of the guard cells. Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
8 0
4 years ago
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