Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

General Electric has two operating production) departments: Assembly and Painting Assembly has 280 employees and occuples 57.600 square feet: Painting has 120 employees and occuples

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
General Electric has two operating production) departments: Assembly and Painting Assembly has 280 employees and occuples 57.600 square feet: Painting has 120 employees and occuples 38,400 square feet. Indirect factory expenses for the current period are as follows: Administration Maintenance $ 88,000 $108,000 Administration is allocated based on workers in each department; maintenance is allocated based on square footage. The amount of maintenance expenses that should be allocated to the Assembly Department for the current period is: Multiple Choice O $127300 $129,600 O $125,400 General Electric budgeted 4,900 pounds of material costing $600 per pound to produce 2.500 units. The company actually used 5.400 pounds that cont 5610 per pound to produce 2,500 units. What is the direct materials quantity variance? Multiple Choice O $490 untevoreble $3,050 unfavorable. O 8540 unfavorable O $2,000 unfavorable $3,540 unfavorable. Anak eters 23, 24, and 25 dood New, pl. Save Help Save & General Electric is considering the purchase of a machine costing $55.000 with a 8 year useful life and no salvage value. General Electric uses straight line depreciation and assumes that the annual cash inflow from the machine will be received uniformly throughout each year. In calculating the accounting rate of return what is General Electrie's average investment? Multiple Choice O S6,875. $7,734 $27,500 O $55,000 O $30,938 General Corp. produces tires. It takes 2 hours of direct labor to produce a single tire General's standard labor cost is $16 per hour. During August, General produced 10,000 tires and used 20,500 hours of direct laborat a total cost of $325,000 What is General's labor efficiency variance for August Multiple Choice $5,000 unfavorable $8,000 unfavorable. $8,000 favorable $11,000 unfavorable $6,000 favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions