Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP AND SHOW WORK, please highlight answers, THANK YOU!! 13. 14. 15. 16. 17. Direct Labor Variances Bellingham Company produces a product that requires

PLEASE HELP AND SHOW WORK, please highlight answers, THANK YOU!!
13.image text in transcribed
14.image text in transcribed
15.image text in transcribed
16.image text in transcribed
17.image text in transcribed
Direct Labor Variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $10.00 per hour. If 3,900 units used 11,500 hours at an hourly rate of $10.40 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance b. Direct labor time variance Favorable c. Direct labor cost variance Unfavorable & Net Present Value A project has estimated annual net cash flows of $5,000 for two years and is estimated to cost $30,000. Assume a minimum acceptable rate of return of 6%. Use the Present Value of an Annuity of $1 at Compound Interest table below. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 Determine (a) the net present value of the project and (b) the present value index. If required, use the minus sign to indicate a negative net present value. Net present value of the project (round to the nearest dollar) Present value index (rounded to two decimal places) Internal Rate of Return A project is estimated to cost $159,648 and provide annual net cash flows of $48,000 for six years. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192 Determine the internal rate of return for this project, using the Present Value of an Annuity of $1 at Con pound Interest table shown above. % Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $15,139 Direct labor 25,998 Factory overhead 38,639 Work in process inventory, March 1 22,520 Work in process inventory, March 31 18,656 22,257 Finished goods inventory, March 1 Finished goods inventory, March 31 27,009 a. Determine the cost of goods manufactured. $ b. Determine the cost of goods sold. A quality control activity analysis indicated the following four activity costs of a hotel: Inspecting cleanliness of rooms $144,000 Processing lost customer reservations Rework incorrectly prepared room service meal Employee training 108,000 72,000 36,000 Total $360,000 Sales are $2,400,000. Prepare a cost of quality report. Round percent of sales to one decimal place. Cost of Quality Report Quality Cost Classification Quality Cost Percent of Total Quality Cost Percent of Total Sales Prevention % % Appraisal % % Internal failure % % External failure % % Total % %

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

Fraud Examination Investigative And Audit Procedures

Authors: Joseph T. Wells

1st Edition

089930639X, 978-0899306391

More Books

Students also viewed these Accounting questions

Question

What are DNA and RNA and what is the difference between them?

Answered: 1 week ago

Question

Why do living creatures die? Can it be proved that they are reborn?

Answered: 1 week ago