Hi here are three questions about management accounting, could you answer the following three questions? Thank you very much!
Question 1
15) Gotham University offers only high-tech graduate-level programs. Gotham has two principal operating departments, Engineering and Computer Sciences, and two support departments, Facility and Technology Maintenance and Enrollment Services. The base used to allocate facility and technology maintenance is budgeted total maintenance hours. The base used to allocate enrollment services is number of credit hours for a department. The Facility and Technology Maintenance budget is $350,000, while the Enrollment Services budget is $950,000. The following chart summarizes budgeted amounts and allocation-base amounts used by each department: Services Provided: (Annually) Budget Engineering Computer F&T Enrollment Sciences Maintenance Service F&T Maintenance $350,000 2,000 5,000 Zero 1,000 (in hours) Enrollment Service $950,000 24,000 36,000 2,000 Zero (in credit hrs) Required [18] : Use the Step-Down method to allocate support costs (F&T Maintenance first) to each of the two principal operating departments, Engineering and Computer Sciences. Show your allocation Scheme and calculations.7-26 Materials and manufacturing labor variances,"standard costs: Dunn, Inc., is a privately held furni- ture manufacturer. For August 2012, Dunn had the following standards for one of its products, a wicker chair: Standards per Chair Direct materials 2 square yards of input at $5 per square yard Direct manufacturing labor 0.5 hour of input at $10 per hour The following data were compiled regarding actual performance. actual output units (chairs) produced, 2,000; square yards of input purchased and used, 3,700; price per square yard, $5.10; direct manufacturing labor costs, $8,820; actual hours of input, 900; labor price per hour, $9.80. 1. Show computations of price and efficiency variances for direct materials and direct manufacturing labor. Give a plausible explanation of why each variance occurred. Price variance = (actual price of input - budgeted price of input) * actual quantity of input actual budgeted quantity Efficiency variance = ( quantity of - of input allowed ) * budgeted price of input Input for actual outputAnswer the following questions using the information below: The actual information pertains to the third quarter. As part of the budgeting process, the Duck Decoy Department of Paralith Incorporated had developed the following static budget for the third quarter. Duck Decoy is in the process of preparing the flexible budget and understanding the results. Actual Flexible Static Results Budget Budget Sales volume (in units) 11.000 10.000 Sales revenues $238,000 $ $230,000 Variable costs 150,000 180,000 Contribution margin 88,000 50,000 Fixed costs 36,000 $ 35,000 Operating profit $ 52.000 $ 15.000