A recent fire devastated the records of RIKIMARU INC. In relation to its directlabor for the current year, the following data were gathered:Actual productionStandard hours per unit4,000 units3Rate variance500 FEfficiency varianceStandard direct labor cost per unit2,000 UFP15How many hours were used by the company for the current year in producingthe 4,000 units?c. 12,800 hrs.d. Cannot be computed; limited informationa.11,600 hrs.b.12,400 hrs. PUGNA CORP. is a company specializing in manufacturing and sellingcustomized and specialized neck pillows. The selling price of each pillow isP750 per unit. On its first month of operations, 3,500 units were producedwhere 2,500 units were sold. Actual fixed costs are the same as budgetedfixed costs. The company is using a denominator level of activity of 4,000units. Information on its costs was as follows:Variable costs:Direct materials500,000Direct labor600,000300,000200,00090,000Manufacturing overheadSelling costsAdministrative costsFixed costs:50,000250,000400,000Selling costsAdministrative costsManufacturing overhead.If the company is using variable costing, how much is cost of goods sold andvolume variance, respectively?P1,000,000; 50,000 Fb.C. P1,000,000; 50,000 UFd. None; Noneа.P1,000,000; None3. If the company is using absorption costing, how much is net income or (loss)for the first month of operations?P 85,000b.P 35,000с.а.(P10,000)d.(P15,000)

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A recent fire devastated the records of RIKIMARU INC. In relation to its direct labor for the current year, the following data were gathered: Actual production Standard hours per unit 4,000 units 3 Rate variance 500 F Efficiency variance Standard direct labor cost per unit 2,000 UF P15 How many hours were used by the company for the current year in producing the 4,000 units? . 12,800 hrs. d. Cannot be computed; limited information a. 11,600 hrs. b. 12,400 hrs.

A recent fire devastated the records of RIKIMARU INC. In relation to its direct labor for the current year, the following data were gathered: Actual production Standard hours per unit 4,000 units 3 Rate variance 500 F Efficiency variance Standard direct labor cost per unit 2,000 UF P15 How many hours were used by the company for the current year in producing the 4,000 units? . 12,800 hrs. d. Cannot be computed; limited information a. 11,600 hrs. b. 12,400 hrs.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...

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