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PLEASE ANSWER THE FOLLOWING QUESTIONS: Rusty Co. sells two products, X and Y. Last year, Rusty sold 5.000 units of X and 35,000 units of
PLEASE ANSWER THE FOLLOWING QUESTIONS:
Rusty Co. sells two products, X and Y. Last year, Rusty sold 5.000 units of X and 35,000 units of Y. Related data are: Unit Selling Price Unit Variable Unit Contribution Product Price Cost Margin x $110.00 $70.00 $40.00 70.00 50.00 20.00 What was Rusty Co.'s sales mix last year? a) 58% X, 42% Y b) 60% X. 40%Y C) 30% X, 70% Y d) 12.5% X, 87.5% Y Question 13 (5 points) Production estimates for July are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 76,000 Expected sales volume (units), July For each unit produced, the direct materials requirements are as follows: Direct material A ($5 per lb.) 3 lbs. Direct material B ($18 per lb.) 1/2 16. The number of pounds of materials A and B required for July production is 216,000 lbs. of A: 36,000 lbs. of B 216,000 lbs. of A: 72.000 lbs. of B 234,000 lbs. of A: 39,000 lbs. of B 225,000 lbs. of A: 37,500 lbs. of B Question 16 (5 points) The following data is given for the Harry Company: 26,000 units 27,500 units $6.50 8 228,000 $1,504,800 Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $22 per hour 6.6 183,000 $4.020,000 $1,029,600 $24.50 per standard labor hour $4,520,000 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is $5.490 unfavorable $5,490 favorable $33,000 favorable $33,000 unfavorable Question 18 (5 points) The following data relate to direct labor costs for February: Actual costs Standard costs 7,700 hours at $14.00 7,000 hours at $16.00 What is the direct labor time variance? $7,700 favorable $7,700 unfavorable O $11,200 unfavorable O $ $11,200 favorable Question 19 (5 points) The following data is given for the Stringer Company: 26.000 units 27.500 units $6.50 8 228,000 $1,504,800 Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $22 per hour 6.6 183,000 $4,020,000 $1,029,600 $24.50 per standard labor hour $4,520,000 Overhead is applied on standard labor hours. The direct materials quantity variance is 22.800 favorable 22.800 unfavorable 52,000 favorable 52.000 unfavorable
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