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A) B) C) Please do requirements A-C (I will like) Thank you! Myers Corporation has the following data related to direct materials costs for November:
A) B) C) Please do requirements A-C (I will like) Thank you! Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,640 pounds of material at $5.00 and standard cost for 4,490 pounds of material at $6,30 per pound. The direct materials price variance is a. $945 favorable b. $6,032 favorable c. $6,032 unfavorable d. $945 unfavorable Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: *Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. ** Insurance expense is $850 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e, January. April, July, and October). *** property tax is paid once a year in Novemben. The cash payments expected for Finch Company in the month of May are (a. $227525 b. 539.175 c. 5188.350 d. $149.175 Woodpecker Co, has $309,000 in accounts receivable on January 1 . Budgeted sales for January are $897,000. Woodpecker Co, expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are a. $615,960 b. $821,280 c. $1,335,600 a. $1,026,600
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Please do requirements A-C (I will like) Thank you!
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