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NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up) 187 Fletcher Company collected the following data
NO EXPLANATION NECESSARY, just the final answer for 4 MC questions, it would help me tremendously! (thumbs up)
187 Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead cost variance. Direct labor standard (2.0 hrs. @ $13.10/hr.) Actual direct labor hours Budgeted units Actual finished units produced Standard variable OH rate (2 hrs. @ $15.00/hr.) Standard fixed OH rate ($515,200/46,000 units) Actual cost of variable overhead costs incurred Actual cost of fixed overhead costs incurred $ 26.20 per finished unit 89,500 hrs. 46,000 units 44,000 units $ 30.00 per finished unit $ 11.20 per unit $1,312,000 $ 430,000 Multiple Choice 0 $10,350 favorable. 0 $8,000 favorable 0 $18,000 favorable. 0 $18,350 unfavorable. 0 $18,000 unfavorable. Use the following data to calculate the cost of goods sold for the period: 188 Beginning Raw Materials Inventory Ending Raw Materials Inventory Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured for the period $ 31,400 71,400 41,400 47,400 73,400 69,400 247,400 Multiple Choice 0 $247,400. 0 $291,400 0 $243,400. 0 $251,400 0 $259,400. 189 A company has net income of $500,000, net sales of $11,000,000, and average total assets of $5,800,000. Its return on total assets equals: Multiple Choice o 18:1%. o 4.5%. o 8.6%. o 1,160.0%. o 52.7%. 190 A company's flexible budget for 12,000 units of production showed sales, $76,500; variable costs, $36,000; and fixed costs, $15,000. The variable costs expected if the company produces and sells 15,000 units is: Multiple Choice $76,500. $60,000. $36,000. S91,500. S45,000Step by Step Solution
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