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please answer these questions. 6. In producing 12,400 units of product last period, Fern LTD. used S53,940 pounds of Material B, costing $210,366. The company
please answer these questions. 6. In producing 12,400 units of product last period, Fern LTD. used S53,940 pounds of Material B, costing $210,366. The company has established the standard of using 4.3 pounds of Material B per unit of product, at a price of $4.00 per pound Calculate the price, quantity, and total materials variances and indicate if they are favorable or unfavorable. Variance amount F or U Price variance aubisteluale Quantity variance Total materials variance hubniasxa baol toubong isdrio eno to hoitoubotg bstimi noibastnl A amit ovoM 7. Goat Products has the following information about the use of labor in producing their product Little Kid. Actual costs &quantities: Direct labor cost incurred $1,100,000 besl lStandard costs & quantities: Direct labor rate/hr nobl $21.50 a9 Hours to produce 1 unit amid slayo 1.3 50,000 Direct labor hours used 40,000 Units produced Calculate the rate, time, and total labor variances and indicate if they are favorable or unfavorable. F or U Variance amount Rate variance Time variance Total labor variance Haystack Limited reported the following financial information for Division B:bong n aors 00.8 g to tinusq fensto 8 to abrueg 6 $ 4,986,000 Assets, December 31, 2017 Assets, December 31, 2018 Income for Jan-Dec, 2018 Target Income lS4,734,000up n ort sioluale $712,520 ovel mu no eldanovsl 14% of average invested assets Calculate Residual Income for Haystack Limited for 2018 9onsne yinsu shsv lshets m istoT 9. At Intersection Limited, production of one of their product Iced Exes includes: Process time 4.25 hours Inspection time 0.75 hours Move time 1.00 hours Wait timeodsl to sau erls tuod 1.50 hoursni aniwollot ert esd 2toubon t bi s toubo 29intnsup & r0o IsuDA 000,001,12 bSunt dsl oi he dadsl ei Identify the following for production of Iced Exes: 02.152 Value-added time 8J Cycle time 000,0 mdpor stslu o sldeovs Cycle efficiency Dachov 1odel Isiot b aldsova o0shsV
please answer these questions.
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