Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

excel chapter 10 managerial accounting Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check x V fx D5 B Mojo Co.makes

excel chapter 10 managerial accounting image text in transcribed
Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check x V fx D5 B Mojo Co.makes zippos out of a material called fadi. During the month, Mojo mide 4900 zippos using 14210 kilos of ladi. The ladi cost218834 Yen. During the month, Mojo also incurred a direct labor cost of 540225 Yen having worked 10870 direct labor hours. Company standards show each zippo requires 3 kilos of ladit a cost of 14 Yen per kilo. It should take 7 hours of direct labor to make one zippo ata standard labor rate of 15 Yen per hour What is the actual price of material per kilo? What is the standard quantity given the number of zippos produced? What is the amount of material price variance? Is the MPV favorable or unfavorable? What is the amount of moterial quantity efficiency) variance? Is the MQV favorable or unfavorable? What is the actual labor rate? What is the standard hours allowed for the number of zippos made? What is the amount of labor rate (price) variance? is the MPV favorable or unfavorable? What is the amount of labor efficiency quantity) variance? is the MQV favorable or unfavorable? RAR Indi Co. makes zollies out of a special type of rubber. During the month, Indi made 4000 zollies using 8400 kilos of rubber The rubber cost $226800. During the month, Indi also incurred a direct labor cost of $162000 having worked 18000 direct labor hours. Indi's standard costs include 2 kilos of rubber at a cost of $30 per kilo. The standard direct labor time is 5 hours per rollema standard labor rate of $10 per hour. What is the actual price of material per kilo? What is the standard quantity pven the number of roles produced? What is the amount of material price variance? Is the MPV favorable or unfavorable? What is the amount of material quantity efficiency variance? Is the MQV favorable or unfavorable? What is the actual labor rate? What is the standard hours allowed for the number of ippos made? What is the amount of loborrate (price) variance? Is the MPV favorable or unfavorable? What is the amount of labor efficiency quantity) variance? Is the Mayfwvorable or unfavorable? Ta 2-3 4-5 I DO as EXT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is relative strength analysis?

Answered: 1 week ago

Question

1. Identify and control your anxieties

Answered: 1 week ago