Question
Hi, Please show some work so I know you are not guessing. Thanks 1) Delaware Corp. prepared a master budget that included $15,390 for direct
Hi, Please show some work so I know you are not guessing. Thanks
1) Delaware Corp. prepared a master budget that included $15,390 for direct materials, $28,350 for direct labor, $12,150 for variable overhead, and $38,800 for fixed overhead. Delaware Corp. planned to sell 4,050 units during the period, but actually sold 4,330 units. How much would total costs be on a flexible budget for the period based on actual sales? (Do not round intermediate calculation. Round your final answer to the nearest dollar amount.) a) $87,052 b) $93,994 c) $98,554 d) $101,457
2. Cooper Company has a direct material standard of 2 gallons of input at a cost of $8.00 per gallon. During July, Cooper Company purchased and used 6,800 gallons, paying $47,300. The direct materials quantity variance was $1,920 unfavorable. How many units were produced? a) 3,380 units b) 6,800 units c) 3,280 units d) 3,187 units
3) Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $99,700 to employees for 9,170 hours worked. 2,400 units were produced during February. What is the direct labor efficiency variance? a) $9,492 favorable b) $10,340 favorable c) $15,500 favorable d) $5,160 favorable
4) Oxford Co. has a material standard of 2 pounds per unit of output. Each pound has a standard price of $14 per pound. During February, Oxford Co. paid $57,600 for 4,890 pounds, which were used to produce 2,450 units. What is the direct materials price variance? (Do not round your intermediate calculations.) a) $10,860 favorable b) $11,420 unfavorable c) $11,420 favorable d) $10,860 unfavorable
5) Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $15 per hour. During February, Madrid Co. paid $99,600 to employees for 9,210 hours worked. 2,450 units were produced during February. What is the flexible budget amount for direct labor? a) $36,750 b) $147,000 c) $138,150 d) $99,600
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