PLEASE HELP..... 20 POINTS!!

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct

mixer [17]

Answer:

$3,120 U

$480 U

$2,640 U

$142 F

$262 F

$120 U

Explanation:

As per the data given in the question,

Total material variance = Actual cost - Standard cost

= $6,240 - (260 × 5 × 2.4)

= $3,120 U

Material Price Variance = (Actual quantity × Actual rate) - (Actual quantity-standard rate)

= $6,240 - (2,400 × 2.4)

= $480 U

Material Quantity Variance = Standard rate × (actual quantity used - standard quantity)

= 2.4 × (2,400 - (260×5))

= $2,640 U

Total Labor variance = Actual cost - Standard cost

= $15,458 - (260 × 12 × 5)

= 142 F

Labor price variance = (Actual hour × actual rate) - (actual hours × standard rate)

= $15,458 - ($1,310 × 12)

= $262 F

Labor efficiency variance = Standard cost × (Actual hrs used - Standard hours)

= 12 × (1,310 - (260 × 5))

= $120 U

We simply applied the above formulas

7 0

4 years ago

Anderson Corporation has provided the following production and average cost data for two levels of monthly production volume. Th

Nataly_w [17]

Answer:

The total monthly fixed manufacturing cost is $328,000.

Explanation:

For 4000 units, The direct materials cost is $99.2 per unit, the direct labor cost is $45.5 per unit, the manufacturing overhead cost is $94.

For 5000 units, The direct materials cost is $99.2 per unit, the direct labor cost is $45.5 per unit, the manufacturing overhead cost is $77.6.

Total manufacturing overhead for 4,000 units

= $4,000\ \times\ 94$

= $376,000

Total manufacturing overhead for 5,000 units

= $5,000\ \times\ 77.6$

= $388,000

The variable cost per unit

= $\frac{388,000\ -\ 376,000}{1,000}$

= $12 per unit

Fixed costs

= Total cost - Total variable costs

= $388,000\ -\ (5,000\ \times\ 12)$

= $328,000

5 0

4 years ago

What should a potential employee consider before agreeing to a contract?

Monica [59]

The answer is d, you should always consider everything before signing your job contract

5 0

4 years ago

Suppose that a certain fortunate person has a net worth of $76.0 billion ($7.60×10107.60×1010). If his stock has a good year and

iogann1982 [59]

Answer:

new net worth = 79.2 billion

Explanation:

given data

net worth = $76.0 billion

gains = $3.20 billion

to get here

new net worth

solution

we get here new net worth that is express as

new net worth = net worth + gains .............................1

put here value and we will get here

new net worth = $76.0 billion + $3.20 billion

new net worth = 79.2 billion

4 0

3 years ago

Stock Y has a beta of 1.40 and an expected return of 14.8 percent. Stock Z has a beta of .85 and an expected return of 11.3 perc

tresset_1 [31]

Answer:

Stock Y has overvalued and Stock Z as undervalued

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For Stock Y

= 4.85% + 1.40 × 7.35%

= 4.85% + 10.29%

= 15.14%

For Stock Z

= 4.85% + 0.85 × 7.35%

= 4.85% + 6.2475%

= 11.0975%

The (Market rate of return - Risk-free rate of return) is also called market risk premium and the same is applied in the answer

As we see the expected return of both the stock So, Stock Y has overvalued and Stock Z as undervalued

4 0

3 years ago