Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Phoenix Company Standard Cost Card - Current Year (2019) Qty per Cost per Std. Cost per Unit Input Unit (a) Direct materials 4.00 Ibs. X

image text in transcribedimage text in transcribedimage text in transcribed
Phoenix Company Standard Cost Card - Current Year (2019) Qty per Cost per Std. Cost per Unit Input Unit (a) Direct materials 4.00 Ibs. X $15.0000 $60.0000 Direct labor 1.2396 hrs. X 12.10 $15.0000 Variable Overhead 1.2396 hrs. X $7.2598 $9.0000Direct material - rice variance Direct material -uanti variance Total direct material variance Phoenix Company's 2019 master budget included the following xed budget report. It is based on an expected production and sales volume of 16,000 units. PHOENIX [mPNY Fixed Budget Report For Year Ended Decelber 31, 2319 Sales $4,333,333 Cost of goods sold Direct materials $ 963,333 Direct labor 243,333 Machinery repairs (variable cost) 33,333 DepreciationPlant equipment (straight-line) 333,333 Utilities ($54,333 is variable) 214,333 Plant management salaries 215,333 2,339,333 Gross profit 1,961,333 Selling expenses Packaging 96,333 Shipping 123,333 Sales salary (fixed annual amount) 263,333 484,333 General and administrative expenses Advertising expense 133,333 Salaries 251,333 Entertainment expense 113,999 494,390 Income from operations $ 9332-390

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

Accounting Equations & Answers

Authors: Barcharts, BarCharts Inc

1st Edition

1423218248, 9781423218241

More Books

Students also viewed these Accounting questions

Question

only need help with option d and e \ table [ [ State , h 1 , h 2

Answered: 1 week ago