Question
1-Palestine medicine company has reached for a new treatment of eye drop , the management after scientific studies determined that each unit of eye drop
1-Palestine medicine company has reached for a new treatment of eye drop , the management after scientific studies determined that each unit of eye drop required 2 mlg of soduiom and 3 labor hours to br ready, the budgeted cost of soduiom is $10 per mlg and each labor hour costed $5, cost of V.OH is $2 per Labor hour. during the year the company actually purchased 30000 mlg of soduiom at a cost of $360,000. Actually soduim used was 25000 mlg, the actual labor hour used 28000 labor hour at a cost of $126,000 and V.OH Cost $60,000, if actual production were 10000 units, compute DM Quantity Variance?
a.$50000 F.
b.$60000 F.
c.$50000 U.
d.$60000 U.
2Alquds Manufacturing company's operating income shows that it was less than planned (budgeted) operating income by $30,000. this difference let management to ask about the reasons to get a feedback. the financial manager tries to interpret the result by different way based on following data; Actual Data:Sales in units 20000, selling price $55 per unit, DM used 35000 gram at a cost of $310000, DL used 20000 labor hour at a cost of $240000, V.OH cost $250000, F.OH cost $200000. Budgeted Data: Sales in units 21500 units, Selling price per unit $50 per unit, Standard DM required is 2 gram at a cost of $8 per gram, DL 0.8 hour at a cost of $12.5, V.OH cost is $11.9767 per per labor hour and F.OH cost $180,000 for capacity of 20000 labor hours, Compute Labor Rate Variance of DL Cost?
a.$10000 U.
b.$50000 F.
c.$50000 U.
d.$10000 F.
3Alquds Manufacturing company's operating income shows that it was less than planned (budgeted) operating income by $30,000. this difference let management to ask about the reasons to get a feedback. the financial manager tries to interpret the result by different way based on following data; Actual Data:Sales in units 20000, selling price $55 per unit, DM used 35000 gram at a cost of $310000, DL used 20000 labor hour at a cost of $240000, V.OH cost $250000, F.OH cost $200000. Budgeted Data: Sales in units 21500 units, Selling price per unit $50 per unit, Standard DM required is 2 gram at a cost of $8 per gram, DL 0.8 hour at a cost of $12.5, V.OH cost is $11.9767 per per labor hour and F.OH cost $180,000 for capacity of 20000 labor hours, Compute V.OH Efficiency Variance of V.OH Cost?
a.$47907 F.
b.$10466 F.
c.$10466 U.
d.$47907 U.
4Palestine medicine company has reached for a new treatment of eye drop , the management after scientific studies determined that each unit of eye drop required 2 mlg of soduiom and 3 labor hours to br ready, the budgeted cost of soduiom is $10 per mlg and each labor hour costed $5, cost of V.OH is $2 per Labor hour. during the year the company actually purchased 30000 mlg of soduiom at a cost of $360,000. Actually soduim used was 25000 mlg, the actual labor hour used 28000 labor hour at a cost of $126,000 and V.OH Cost $60,000, if actual production were 10000 units, compute DL Spending Variance?
a.$10000 F.
b.$10000 U.
c.$24000 U.
d.$24000 F.
5Palestine medicine company has reached for a new treatment of eye drop , the management after scientific studies determined that each unit of eye drop required 2 mlg of soduiom and 3 labor hours to br ready, the budgeted cost of soduiom is $10 per mlg and each labor hour costed $5, cost of V.OH is $2 per Labor hour. during the year the company actually purchased 30000 mlg of soduiom at a cost of $360,000. Actually soduim used was 25000 mlg, the actual labor hour used 28000 labor hour at a cost of $126,000 and V.OH Cost $60,000, if actual production were 10000 units, compute V.OH Spending Variance?
a.$0.
b.$4000 U.
c.$8000 F.
d.$4000 F
6Palestine medicine company has reached for a new treatment of eye drop , the management after scientific studies determined that each unit of eye drop required 2 mlg of soduiom and 3 labor hours to br ready, the budgeted cost of soduiom is $10 per mlg and each labor hour costed $5, cost of V.OH is $2 per Labor hour. during the year the company actually purchased 30000 mlg of soduiom at a cost of $360,000. Actually soduim used was 25000 mlg, the actual labor hour used 28000 labor hour at a cost of $126,000 and V.OH Cost $60,000, if actual production were 10000 units, compute DL Efficiency Variance?
a.$14000 U.
b.$10000 U.
c.$10000 F.
d.$14000 F.
.
7Alquds Manufacturing company's operating income shows that it was less than planned (budgeted) operating income by $30,000. this difference let management to ask about the reasons to get a feedback. the financial manager tries to interpret the result by different way based on following data; Actual Data:Sales in units 20000, selling price $55 per unit, DM used 35000 gram at a cost of $310000, DL used 20000 labor hour at a cost of $240000, V.OH cost $250000, F.OH cost $200000. Budgeted Data: Sales in units 21500 units, Selling price per unit $50 per unit, Standard DM required is 2 gram at a cost of $8 per gram, DL 0.8 hour at a cost of $12.5, V.OH cost is $11.9767 per per labor hour and F.OH cost $180,000 for capacity of 20000 labor hours,Compute Spending Variances of V.OH Cost?
a.$14372 F.
b.$14372 U.
c.$58372 U.
d.$58372 F.
8Palestine medicine company has reached for a new treatment of eye drop , the management after scientific studies determined that each unit of eye drop required 2 mlg of soduiom and 3 labor hours to br ready, the budgeted cost of soduiom is $10 per mlg and each labor hour costed $5, cost of V.OH is $2 per Labor hour. during the year the company actually purchased 30000 mlg of soduiom at a cost of $360,000. Actually soduim used was 25000 mlg, the actual labor hour used 28000 labor hour at a cost of $126,000 and V.OH Cost $60,000, if actual production were 10000 units, compute V.OH Efficency Variance?
a.$4000 F.
b.$4000 U.
c.$8000 F.
d.$0.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started