Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2019, Company G made 6,000 hats using 12,000 square meters of cloth costing $24,000 in total. In 2020, Company G made 7,000 hats using

image text in transcribedimage text in transcribed In 2019, Company G made 6,000 hats using 12,000 square meters of cloth costing $24,000 in total. In 2020, Company G made 7,000 hats using 15,400 square meters of cloth costing $24,000 in total. Compared to 2019, the cloth usage in 2020 had an "efficiency" variance of $0 $2,800F none of the listed answers are correct $2,800U For the month of July, the manufacturing Company "X" had zero units in beginning inventory of any kind, and started 1,200 units of which... 700 good units were completed and shipped out; 107 units were in WIP at the end of the month. $100,000 was spent on materials during the month (all incurred at the beginning of the manufacturing process). "Normal spoilage" is budgeted at 30% of the completed & shipped out good units. Inspections occur at the end of the manufacturing process. For the month of July, unanticipated spoilage problems cost the company in materials $15,833 $33,000 $15,250 $17,500

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

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook

2nd Canadian Edition

1118168879, 9781118168875

More Books

Students also viewed these Accounting questions

Question

Explain the Hawthorne effect.

Answered: 1 week ago