Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need these ASAP!! Just the answers!! Question 39 (7 points) Listen The predetermined overhead rate for Wayne Manufacturing is 70% of direct labor cost.

I need these ASAP!! Just the answers!!
image text in transcribed
image text in transcribed
image text in transcribed
Question 39 (7 points) Listen The predetermined overhead rate for Wayne Manufacturing is 70% of direct labor cost. During November, $720,000 of factory labor costs are incurred of which $200,000 is indirect labor. Actual overhead incurred was $360,000. The amount of overhead debited to Work in Process Inventory should be: 1) $364,000 O2) $504,000 3) $520,000 4) $360,000 Question 40 (3 points) Listen An unfavorable materials quantity variance would occur if 1) more materials were purchased than were used. O2) actual pounds of materials used were less than the standard pounds allowed. 3) actual labor hours used were greater than the standard labor hours allowed. O 4) actual pounds of materials used were greater than the standard pounds allowed. Question 41 (3 points) Listen Which one of the following statements is true? 1) If the materials price variance is unfavorable, then the materials quantity variance must also be unfavorable. 2) If the materials price variance is unfavorable, then the materials quantity variance must be favorable. 3) Price and quantity variances move in the same direction. If one is favorable, the others will be as well. 4) There is no correlation of favorable or unfavorable for price and quantity variances

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

The Anxiety Audit

Authors: Lynn Lyons

1st Edition

0757324258, 978-0757324253

More Books

Students also viewed these Accounting questions

Question

Does your message use dishonest or misleading language?

Answered: 1 week ago

Question

Does your product/program have a descriptive and memorable name?

Answered: 1 week ago

Question

How could any of these nonverbal elements be made stronger?

Answered: 1 week ago