1) The standards for a product call for 2.5 pound. Last month, 30,000 pounds of the raw material were purchased for $187,500. The actual output of the month was 9,000 units of the product. A total of 22,200 pounds of the raw material were used to produce this output. Required: a. What is the materials price variance for the month? 1. JAIL tho materials quantity variance for the month?
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- 1) The standards for a product call for 2.5 pounds of a raw material that costs $6.10 per pound. Last month, 30,000 pounds of the raw material were purchased for $187,500. The actual output of the month was 9,000 units of the product. A total of 22,200 pounds of the raw material were used to produce this output. Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month?Flaherty Accounting Services pays $2,000 per month for a tax preparation software license. In addition, variable charges incurred an average of $9 for every tax return the firm prepared. (a) Determine the total cost and the cost per unit if the firm expects to prepare the following number of tax returns in March 2013: (1) 200 (2) 500 (3) 800 (b) Why does the cost per unit change in (1), (2), (3) of (a)? (c) The owner of Flaherty Accounting Services wants to earn a margin (excluding any other direct costs) on tax returns of $15,000 during March. If 200 returns are prepared, what tax return preparation fee should be charged? If that fee is charged and 800 returns are prepared, what is the margin in March?A company manufactures Products A, B, and C. Each product is processed in three departments: I, II, and III. The total available labor-hours per week for Departments I, II, and III are 1020, 1080, and 900, respectively. The time requirements (in hours per unit) and the profit per unit for each product are as follows. Product A Product B Product C Dept. I 2 1 2 Dept. II 3 1 2 Dept. II 2 2 1 Profit $18 $12 $15 If management decides that the number of units of Product B manufactured must equal or exceed the number of units of products A and C manufactured, how many units of each product should the company produce to maximize its profit?
- If specific duty is $2 per dozen and ad valorem duty is 20%, find the total duty on 12 dozen padlocks valued at $650.The following data relate to product no. 78 of Twittybird Corporation: Direct material standard: 3 square feet at $2.50 per square foot Direct material purchases: 30,000 square feet at $2.60 per square foot Direct material consumed: 29,200 square feet Manufacturing activity, product no. 78: 9,600 units completed The direct-material quantity variance is: A. $1,000F. B.$1,000U. C. $1,040F. D. $1,040U. 2. The direct-material price variance is: A. $2,880U. B.$2,920F. C. $3,000U. D. $3,000F. 3. TwittyBird Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, LadyOhSun's labor efficiency variance is: A. $11,000U. B. $11,000F.…Western Processors Ltd manufactures and distributes a wide range of consumer products from itslocation in Kingston Jamaica. The firm imports raw materials from North and South America andexports its products to several international markets. The firm also has a high market share locallyand in its overseas markets for its wide range of high and low-value products. Management of thecompany believes that the company could significantly improve both distribution andenvironmental impact from transportation by investigating the possibility of using various modesof transportation for its various consumer products. Required:A. The company designs its transportation network so that a Distribution Centre servesseveral large customers in its local and international markets. Outline how the companycan use such a network to reduce transportation costs while replenishing inventory morefrequently.
- Q5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?Please solve 15, 16, 17. Thank you!. 15. You have two types of buyers for your product. Forty percent of buyers value your product at $10 and the remainder of the buyers value it at $6. What price maximizes your expected revenue? Group of answer choices a. $7 b. $6 c. $8 d. $10 16. Skip, the manager of a local senior living facility, has been under a lot of pressure from his regional manager because the occupancy rate at his facility is 80%. Given his fixed costs, if he wants his average per patient costs to equal his company’s average per patient cost (which is lower than Skip’s), he needs to increase his occupancy rate to 90%. When he does this, he will be taking advantage of Group of answer choices a. Economies of scale b. Marginal analysis c. Opportunity costs d. Economies of scope 17. When Sabrina reduced the price of her hourly accounting rates, her clients asked her to devote more hours to the financial aspects of their businesses. Her clients’…After analyzing the costs of various options for obtaining brackets, Ross White (see Problems 6-27 through 6-29) recognizes that although he knows that the lead time is 2 days and the demand per day averages 10 units, the demand during the lead time often varies. Ross has kept very careful records and has determined that lead time demand is normally distributed with a standard deviation of 1.5 units. What Z value would be appropriate for a 98% service level? What safety stock should Ross maintain if he wants a 98% service level? What is the adjusted ROP for the brackets? What is the annual holding cost for the safety stock if the annual holding cost per unit is $1.50?
- The PepsiCo Sales Executive would benefit from understanding cross elasticity of demand and also for evaluating a recommnedation to lower the price of Doritos because the good quality of product increases it demand in the market. It shows monopoly after a long time due to quality standards and price. (i) The understanding of cross elasticity of demand and elasticity of demand support better decision-making by a mutual decision making by the team mates and upper management of the company. It is a joint decision after a fair discussion over the topic.The owners of a small manufacturing concern have hired a manager to run the company with the expectation that he will buy the company after five years. Compensation of the new vice president is a flat salary plus 75% of first $150,000 of profit, and then 10% of profit over $150,000. The purchase price for the company is set as 4½ times earnings (profit), computed as average annual profitability over the next five years. Does this contract align the incentives of the new vice president with the goals of the owners?What are the economic risk in the Philippines for a U.S multinational company? Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
