Dermody Snow Removal's cost formula for its vehicle operating cost is $3,050 per month plus $335 per snow-day, For the month of December, the company planned for activity actual level of activity was 19 snow-days. The actual vehicle operating cost for the month was $9.03O. The spending variance for vehicle operating cost in December would be clc Multiple Cholce $285 U $285 F $385 F $385 U < Prev 21 of 36 Next e here to search 74°F Mostly
Q: Lesinski Snow Removal's cost formula for its vehicle operating cost is $1,770 per month plus $483…
A: Total Snow Days = 24 Cost per snow day= $483 Total cost for snow days= $11592 Vehicle Operating…
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A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: STANDARD COSTING The following July information is for Kingston Company. Standards: Material…
A: Standard Quantity = 2750 x 3 = 8250 Particulars Standard Quantity(SQ) Standard Price(SP) Actual…
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A: Direct labor usage variance: It is a measure that determines the variation between actual and…
Q: Joyous Company purchases 12,000 pounds of materials. The materials price variance is P6,000…
A: Direct Material price variance = (Standard price per pound - Actual price per pound)*Actual quantity…
Q: Courington Detailing's cost formula for its materials and supplies is $2,420 per month plus $9 per…
A: Variance refers to a change between the expected value and the actual result. This term is usually…
Q: Courington Detailing's cost formula for its materials and supplies is $2,010 per month plus $6 per…
A: Standard materials and supplies cost = $2,010 per month + (Actual no. of vehicle x $6 per vehicle)…
Q: Buckson Framing's cost formula for its supplies cost is $1,350 per month plus $18 per frame. For the…
A: Solution: Actual level of activity = 713 frames Cost formula of supplies cost = $1,350 + $18 per…
Q: Picozzi Snow Removal's cost formula for its vehicle operating cost is $2,060 per month plus $306 per…
A: Vehicle operating cost in planning budget will be calculated as per planned snow days
Q: b) Fan Trading produces plastic bottles. Each bottle has a standard labor requirement of 0.025…
A: The variance is the difference between the actual data and standard output of the production.
Q: Sterling Company's standard labor cost per unit of output is $20.00 (2 hours x $10.00 per hour).…
A: Working Notes: 1. Standard labor cost = Actual output * Standard labor cost per unit of output =…
Q: Dure Corporation's cost formula for its selling and administrative expense is $24,500 per month plus…
A: The variance is the difference between actual and the budgeted data.
Q: Sierra Water Corporation uses a standard cost system for the production of its transistors. The…
A: Labor Efficiency Variance = (Standard labor hours allowed for actual output - Actual labor hours…
Q: Wadhams Snow Removal's cost formula for its vehicle operating cost is $1,900 per month plus $430 per…
A: Cost: Cost can be defined as the cash and cash equivalent which is incurred against the products…
Q: Marietta co. adopted a standard cost system several years ago. The standard costs for the prime…
A: Material price variance = Total material variance - Material usage variance = -450 - (-2250) =…
Q: Kaaihue Detailing's cost formula for its materials and supplies is $2,750 per month plus $17 per…
A: A planning budget is the budget which is initially prepared based on expected level of activity A…
Q: Marietta Co. adopted a standard cost system several years ago. The standard costs for the prime…
A: GIVEN DATA Marietta Co. adopted a standard cost system several years ago. The standard costs for…
Q: Joyous Company purchases 12,000 pounds of materials. The materials price variance is P6,000…
A: Purchase material = 12000 pounds Material price variance = P 6000
Q: Courington Detailing's cost formula for its materials and supplies is $2,420 per month plus $9 per…
A: The budget is prepared to estimate the requirements for the future.
Q: Pittman Framing's cost formula for its supplies cost is $1110 per month plus $11 per frame. For the…
A: Solution:- Calculation of spending variance for supplies cost in November as follows under:-
Q: Ivan Company manufactures product A. Each product requires 4 units of each RM X, which has a…
A: Material Quantity (Usage) Variance: When the actual quantity of the materials used deviates from the…
Q: Marin Company produces a product requiring 4 pounds of material costing $3.500 per pound. During…
A: Solution Given Standard Cost of material per pound $3.5 Standard quantity 4 pounds per…
Q: Kaaihue Detailing's cost formula for its materials and supplies is $2,750 per month plus $17 per…
A: Variance is an important concept in budgeting which indicates the deviations of budget prepared and…
Q: In December, Sam Antari, president of Antari Inc., received the following information from Denise…
A: GIVEN n December, Sam Antari, president of Antari Inc., received the following information from…
Q: Pittman Framing's cost formula for its supplies cost is $1110 per month plus $11 per frame. For the…
A: The following formula used to calculate spending variance as follows:- Spending variiance = Actual…
Q: The Swenson Company has a standard costing system. The following data are available for June: Actual…
A: Material price variance is calculated as: = (Actual Price - Standard Price) * Actual Quantity price
Q: Weald Corporation manufactures Calculators. Each calculator requires 4 units of Part EZ52, which has…
A: Given, Actual quantity is 10,000 Standard rate is Rs 1.45 per unit Manufactures 3,000 calculators…
Q: Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $…
A: The Numerical has covred the concept of Variance Analysis.
Q: cost formula for the maintenance department of the Eifel Co. is $6,500 per month plus $3.50 per…
A: Concept used: Total maintenance cost is calculated by adding the variable cost to the fixed cost.
Q: Mandy Co. adopted a standard cost system several years ago. The standard costs for the prime costs…
A: The variance is the difference between standard results and actual results of the production.
Q: Pittman Framing's cost formula for its supplies cost is $1,220 per month plus $11 per frame. For the…
A: Flexible budget for Supplies cost = Fixed costs + (Actual levele of activity x Standard cost per…
Q: Mandy Co. adopted a standard cost system several years ago. The standard costs for the prime costs…
A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor…
Q: Dermody Snow Removal's cost formula for its vehicle operating cost is $3,080 per month plus $338 per…
A: Computation of the spending variance for vehicle operating cost in December is as follows: Formula:…
Q: Sherburne Snow Removals cost formula for its vehicle operating cost is $2,510 per month plus $371…
A: Concept Under the flexible budget the budget is adjusted for the variable cost while keeping the…
Q: ubberly Corporation's cost formula for its manufacturing overhead is $31,300 per month plus $52 per…
A: The variance is the difference between the actual data and standard output of the production.
Q: Picozzi Snow Removal's cost formula for its vehicle operating cost is $2,060 per month plus $306 per…
A: Operating cost is the cost incurred by the company on the operations.
Q: At the beginning of October, Nelson Inc. detemined the following for a particular product: Standard…
A: Solution Working note Calculation of the actual quantity of material purchased Favorable Material…
Q: Your Snow Removal's cost formula for its vehicle operating cost is $1,750 per month plus $484 per…
A: Flexible Budget is prepared for the actual level of activity at the expected rates.
Q: Sunshine Gardens overhead expenses are: Indirect material pounds per unit Indirect material cost per…
A: A manufacturing overhead budget includes all costs incurred by a manufacturing business or…
Q: At the beginning of the year, Macquarie, Inc. set the following standards: Direct materials: 2.5…
A: The variance is the difference between standard and actual output of production.
Q: Pittman Framing's cost formula for its supplies cost is $1,220 per month plus $11 per frame. For the…
A: Budgeted cost for 612 frames = (612 x $11) + $1,220 = $7,952 Actual cost for 612 frames = $7,650
Q: Dermody Snow Removal's cost formula for Its vehicle operating cost is $2,960 per month plus $326 per…
A: Spending variance shows the whether the spending has a favorable or unfavorable effect on the…
Q: Dermody Snow Removal's cost formula for its vehicle operating cost is $3,060 per month plus $336 per…
A: A spending variance is the difference between the actual and the expected (or budgeted) amount of a…
Q: Your Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold.…
A: Spending variance is the difference between budgeted wages & salaries expense and the actual…
Q: Your Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold.…
A: Every company makes a budget in order to analyze the cost estimates and compares it with the actual.…
Q: Pittman Framing's cost formula for its supplies cost is $1,100 per month plus $10 per frame, For the…
A: Budgeted supplies cost = Fixed costs + Variable cost per frame x Budgeted no. of frame = $1100 +…
Q: A company has the following information in its standard cost card:…
A: Break Even Point It is the situation where a company’s revenues equals its costs. Material Price…
Q: Starts Inc. using production levels of 62,000, 67,200, and 69,300 units produced. The following…
A: Starts Inc. company's Production levels are 1. 62000 units 2. 67200 units 3. 69300 units Production…
Q: Victoria Manufacturing Victoria Manufacturing produced 5,250 units in October. The following is…
A: Material price variance - (standard price - actual price) * Actual quantity Material price…
Q: Your Company’s cost formula for its wages and salaries is $2,900 per month plus $475 per unit sold.…
A: Spending variance for wages and salaries = Standard cost of wages and salaries - Actual cost of…
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- Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000 units per month. In November, Lowell Manufacturing decided to lower its price to 19 per unit expecting it can increase the units sold by 16%. a. Compute the normal revenue with a 20 selling price. b. Compute the planned revenue with a 19 selling price. c. Compute the actual revenue for November, assuming 135,000 units were sold in November at 19 per unit. d. Compute the revenue price variance, assuming 135,000 units were sold in November at 19 per unit. e. Compute the revenue volume variance, assuming 135,000 units were sold in November at 19 per unit. f. Analyze and interpret the lowering of the price to 19.Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid $32 per hour for labor, for a total of $718,848. The standard hours per unit are 6.4, and the standard labor wage rate is $38.40 per hour. A. What are the actual hours worked? B. What are the standard hours for the units made? C. What is the direct labor rate variance for April? D. What Is the direct labor time variance for April? E. What is the total direct labor variance for April?Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
- The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance If 5,500 units were produced for a total of $61,000?Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: At the beginning of March, Salisburys management planned to produce 500,000 bottles. The actual number of bottles produced for March was 525,000 bottles. The actual costs for March of the current year were as follows: a. Prepare the March manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for Salisbury, assuming planned production. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for March. c. Interpret the budget performance report.April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $300,000, and it takes S feet of raw materials to produce one park bench. In August, the company produced 10,000 park benches. The standard cost for material output was $100,000, and there was an unfavorable direct materials quantity variance of $6,000. A. What is April Industries standard price for one unit of material? B. What was the total number of units of material used to produce the August output? C. What was the direct materials price variance for August?
- Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Sitka Industries made 3,000 ladders in July and used 8,800 pounds of material to make these units. Smith Industries bought 15,500 pounds of material in the current period. There was a $250 unfavorable direct materials price variance. A. How much in total did Sitka pay for the 15,500 pounds? B. What is the direct materials quantity variance? C. What is the total direct material cost variance? D. What ii 9,500 pounds were used to make these ladders, what would be the direct materials quantity variance? E. It there was a $340 favorable direct materials price variance, how much did Sitka pay for the 15,500 pounds of material?Lens & Shades sells sunglasses for $37 each and is estimating sales of 21,000 units in January and 19,000 in February. Each lens consist of 2.00 mm of plastic costing $2.50 per mm, 1.7 oz of dye costing $2.80 per ounce. and 0.50 hours direct labor at a labor rate of $18 per unit. Desired inventory levels are: Prepare a sales budget, production budget, direct materials budget for silicon and solution, and a direct labor budget.Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Â Prepare a sales budget, production budget. direct materials budget for silicon and solution, and a direct labor budget.
- Shinto Corp. uses a standard cost system and manufactures one product. The variable costs per product follow: Budgeted fixed overhead costs for the month are $4,000, and Shinto expected to manufacture 2,000 units. Actual production, however, was only 1,800 units. Materials prices were 10% over standard, and labor rates were 5% over standard. Of the factory overhead expense, only 80% was used, and fixed overhead was $100 over budget. The actual variable overhead cost was $4,800. In materials usage, 8% more parts were used than were allowed for actual production by the standard, and 6% more labor hours were used than were allowed. Required: Calculate the materials and labor variances. Calculate the variances for overhead by the four-variance method. (Hint: First compute the fixed and variable overhead rates per hour.)Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc., budgeted sales of the following. At the end of the year, actual sales revenue for Product R and Product S was 3,075,000 and 3,254,000, respectively. The actual price charged for Product R was 25 and for Product S was 20. Only 10 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled 540,000 for this product. Required: 1. Calculate the sales price and sales volume variances for each of the three products based on the original budget. 2. Suppose that Product T is a new product just introduced during the year. What pricing strategy is Eastman, Inc., following for this product?Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $79,900 in March and rose to $93,120 in April. It costs Western Trucking $0.15 per mile in variable costs. In March, the delivery trucks were driven a total of 85,000 miles, and in April,. they were driven a total of 96,000 miles. Using this information, answer the following: A. What were the total costs to operate the fleet in March and April, respectively? B. What were the cost per mile to operate the fleet in March and April, respectively?