cost accounting

Use the following to answer questions 16-24:36 PTS VARIANCE ANALYSIS (LABOR): Performance Measurement Purple Co. manufactures dresses. Budgeted production for the month of May 2010 is 15,000 dresses. Management has developed the following direct-tabor standards for the production of one dress: Standard hours required 2 hours Standard wagemate $15 per hour 16. Budgeted direct-labor costs for May as shown on the master budget would be: 17. Assume that actual production and sales for May was 18.000 dresses which required 40.500 actual hours to produce which actually cost the company S648,000. The flexible budget for direct labor in May would be 18. The total direct-labor cost variance (flexible budget variance) was 19. During the period. The company was forced to assign more experienced workers than originally planned. The portion of the direct labor cost variance attributable to this factor was: (give amount and direction) 20. During production, a key machinery component was not operational, causing it to take longer to make the dresses than it should have. The portion of the direct-labor cost variance attributable to this was: (give amount and direction) 21. As noted above, the company's budgeted production was 15,000 units, while the actual production for May was 18,000. Of the variances described in the two preceding questions, which was most likely caused by the fact that more units were actually produced than originally anticipate? WHY is this the case? 22. The Aviles Company reported the following results Sales $4.000.000 Investment turnover ROI Given this information, the company's average invested capital is: 16 23. The Creative division of the Aviles Company reported the following results: 25% Invested Capital $1,200,000 Profit Margin Return on Investment 30% Given this information, sales must have been: 24. The following data pertains to the dress division of the Aviles Company: Sales $1,000,000 Invested Capital $700,000 Net operating profit after taxes $160,000 Minimum required return 15% Residual income/loss) is equal to: COMPUTATION AREA #16-24