Answer:
Direct Material Quantity Variance = $10200 Fav
Explanation:
given data
Units produced = 5600
Direct materials purchased and used (7800 lbs.) = $70,200
Budgeted production = 5300 units
Direct materials 2.0 lbs/unit = $3/lb
to find out
direct materials quantity variance
solution
we get here Direct Material Quantity Variance that is express as
Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) × Standard Rate ......................1
so put here value we get
Direct Material Quantity Variance = ( 5600 × 2.0 - 7800 ) × 3
Direct Material Quantity Variance = (11200 - 7800 ) × 3
Direct Material Quantity Variance = $10200 Fav
Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
<h3>What is the payment monthly?</h3>
The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.
<h3>What is a loan amortization schedule?</h3>
It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner
It is given that:
- Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
- A fixed annual interest rate of 2.7% compounded monthly for 15 years.
The formula is:
Plug all the values in the above formula:
$1420.
Hence,
Cassidy's approximate monthly payment stands at $1420.
To learn more about monthly payment, refer
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Answer:
Total cost= $5,000
Explanation:
Giving the following information:
Job 731:
Direct Materials= $2,500
Direct Labor hours= 100
Direct Labor wage rate: $10.00 per hour
First, we need to calculate the direct labor cost and then allocate overhead:
Direct labor= 100*10= $1,000
Allocated overhead= 1,000*1.5= $1,500
Total cost= 2,500 + 1,000 + 1,500
Total cost= $5,000
Answer:
$900
Explanation:
The computation of the amount of the overhead allocated is shown below:
But before that the predetermined overhead rate is
As we know that
Predetermine overhead rate is
= Estimated manufacturing overhead ÷ estimated direct labor hours
= $450,000 ÷ $150,000
= $3
Now the overhead allocated is
= 300 direct labor hours × $3
= $900