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hi. this question has four different parts that all go together. If you can distinguish between which answers are for each questuon. thank you so
hi. this question has four different parts that all go together. If you can distinguish between which answers are for each questuon. thank you so much. one box is for the answer and the other is for favorable, unfavorable, or none.
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dotcom clients. When a client recelves an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours: In the most recent month, 125,000 items were shipped to customers using 4,400 direct labor-hours. The company incurred a total of $12,540 in variable overhead costs. According to the company's standards, 0.04 direct labor-hours are required to fulfll an order for one item and the variable overhead rate is $2.90 per direct labor-hour. Required: 1. What is the standard labor-hours allowed (SH) to ship 125,000 items to customers? 2. What is the standard variable overhead cost allowed (SH SR) to ship 125,000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4 , indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled saimon with new potatoes and mixed vegetables. During the most recent week, the company prepared 6,200 of these meals using 1,200 direct labor-hours. The company paid its direct labor workers a total of $10,800 for this work, or $9.00 per hour. According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $8.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 6,200 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 6,200 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? (For requirements 3 and 4 , Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) Bandar Industries manufactures sporting equipment. One of the company's pcoducts is a footboll helmet that requires speclal plastic During the quarter ending June 30, the company manufactured 3.400 helmets, using 2,176 kllograms of plastic. The plastic cost the compary $16,538 According to the standard cost card, each helinet should require 0.56 kilograms of plastic, at a cost of $8.00 per kilogram Required: 1. What is the standard quantity of kilograms of plastic (50) that is allowed to make 3,400 helmets? 2. What is the standard materials cost allowed (SO * 59) to make 3,400 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance? (For requirements 3 and 4 , indicate the effect of each variance by selecting "F" for favorable. " U " for unfaverable, and "None" for no effect (1.e., rero variance). Input all amounts as positive values. Do not round intermediate calculations) Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standatd cost system to help control costs and has established the following standards for the Maze toy. Direct materials: 7 microns per toy at $0.35 per micron Direct labor: 1.3 hours per toy at $7,20 per hour During July, the company produced 5,100 Maze toys. The toy's production data for the month are as follows: Direct materias. 7.000 micions were putchased at a cost of $0.33 per micron. 26,375 of these microns were still in inventory at the end of the month. Direct labor, 7,030 direct iabor-hours were worked at a cost of $52,725 Aequired: 1. Compute the following variances for July. (indicate the effect of each variance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values. Do not round intermediate caiculations. Round final answer to the nearest whole dollar amount) a. The materials price and quantity variances. b. The labor rate and efficiency variances Step by Step Solution
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