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Need it in 1 hour and 30 minutes don't answer after that The following details were extracted from the standard cost card of a component:

Need it in 1 hour and 30 minutes don't answer after that

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The following details were extracted from the standard cost card of a component: Raw materials: 2 Kgs @ $4 per kg Direct labour: 4.75 hrs @ $6 per hour During the period, actual results were as follows: Production - 2,000 components. Direct material purchase and usage-4,000 Kgs at a cost of $20,000. Wage Paid: (9,800 hrs) $59,000 What is the Labour Rate Variance? Select one: A. 606 (Favourable) B. 5,000 (Adverse) C. 196 (Adverse) D. 404 (Adverse) The following details were extracted from the standard cost card of a component: Raw materials: 2 Kgs @ $4 per kg Direct labour: 4.75 hrs $6 per hour During the period, actual results were as follows: Production-2,000 components. Direct material purchase and usage-4,000 Kgs at a cost of $20,000. Wage Paid: (9,800 hrs) $59,000 What is the Labour Rate Variance? Select one: A. 606 (Favourable) B. 5,000 (Adverse) C. 196 (Adverse) D. 404 (Adverse) Per Unit Selling Price $1,900 Variable Cost $1,235 Contribution Margin $665 The information above represents the selling price and variable cost for one (1) box of biscuits a company sells to the Ministry of Education for the National School Feeding Programme. The company's monthly fixed cost is $1,200,000. Which of the following is the company's break-even point in total sales dollar if the Contribution Margin Method and CM Ratio were used? Select one: A. $2,750,000 B. $2,500,000 C. $3,142,857 D. $3,428,571 Per Unit Selling Price $1,000 Variable Cost $600 Contribution Margin $400 The information above represents the selling price and variable cost for one (1) box of biscuits a company sells to the Ministry of Education for the National School Feeding Programme. The company's monthly fixed cost is $1,100,000. Which of the following is the company's break-even point in total sales dollar if the Equation Method and CM Ratio were used? Select one: A. $1,000,000 B. $2,000,000 C. $2,500,000 D. $2,750,000 The following costs were incurred on Job No. 150. Materials US$10,000 Wages: Department 1 35 hours at $15 per hour Department 2 20 hours at $10 per hour Department 3 15 hours at $8 per hour Variable Overheads: Department 1 $9 per hour Department 2 $8 per hour Department 3 $7 per hour Fixed Overheads: Estimated at $25,000 for 1,250 normal working hours. What is the cost of Job 150 and the price to give profit of 20% on selling price? Select one: A. $12,210 and $17,460 B. $12,825 and $16,031 C. $12,430 and $20,758 D. $12,605 and $15,756 Total Sales (2,000 units) $500,000 Less Variable Costs $300,000 Contribution Margin $200,000 Less Fixed Costs $150,000 Net Operating Income $ 50.000 The information above represents the contribution format income statement of Global Agriculture Suppliers Inc. for agriculture equipment supplied to the Guyana market. The marketing manager of the company argues that if they increase their advertising budget by $3,000 and reduce the selling price by 5% the company would be able to attract government contracts to supply to local farmers. Ultimately, a 10% increase in sales would occur. Which one of the following would be the net operating income if the changes were made? Select one: A $22,500 B. $22,000 C. $39,500 D. $37,500 The budgeted and actual results of Powers Inc. for the month of June were as follows. The company uses a marginal costing system. There were no opening and closing inventories. Static Budget Actual Results Sales & Production 2,500 units 2,400 units $ $ $ Sales 50,000 58,000 Direct materials 12,000 13,500 Direct labour 9,000 10,000 Maintenance 4,000 4,500 Other Costs 5,000 5,500 Rent & Rates 7,000 8,000 Total Costs 37,000 41,500 16,500 Profit/Loss 13.000 The following information relates to cost behaviour: Maintenance is a variable cost; and Other costs consist of fixed costs of $2,500, plus a variable cost of $1.00 per unit made and sold. What are the Flexible Budget's Profit/Loss, and the related Variance when compared to the Actual Results' Profit? Select one: A. $12,100 and $4,400 (F) B. $17,250 and $1,250 (F) C. $12,100 and $6,400 (F) D. $17,250 and $750 (A) The following data are available regarding an organization who makes a single product. Period 1 Production (units) 15,000 Sales 14,000 Opening Stock Closing Stock 1,000 The following cost structure applies (based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour 7.00 Production Overheads 3.00 13.00 Selling price is $17 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34,000 (4) are fixed. What is the Marginal Costing Profit/Loss? Select one: A $83,000 B. $131,000 C. $63,000 D. $35,000 The following data are available regarding an organization who makes a single product. Period 2 Production (units) 18,000 Sales 16,500 1,000 Opening Stock Closing Stock 2,500 The following cost structure applies (based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 2.00 Direct Labour 6.00 Production Overheads 3.00 11.00 Selling price is $17 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34.000 (19) are fixed. What is the Absorption Costing Profit/Loss? Select one: A $84,000 B. $69,000 . C. $120,000 D. $41,000 The following data are available regarding an organization who makes a single product. Period 1 Production (units) 15,000 Sales 14,000 Opening Stock Closing Stock 1,000 The following cost structure applies (based on a budgeted level of 17,000 units per period). Cost per unit $ Direct Material 3.00 Direct Labour 7.00 Production Overheads 3.00 13.00 Selling price is $17 per unit Administrative overheads are $15,000 per period and the budgeted production overheads are $51,000 per period of which $34,000 (4) are fixed. What is the Marginal Costing Profit/Loss? Select one: A $83,000 B. $131,000 C. $63,000 D. $35,000

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