Question
Please show work! Any help would be great. Please show work if you could 10. Sparks Corporation has a cash balance of $12,300 on April
Please show work! Any help would be great. Please show work if you could
10. Sparks Corporation has a cash balance of $12,300 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $56,000. Cash disbursements during the month are expected to total $64,000. Ignoring interest payments, during April the company will need to borrow:
4,300
5,700
10,000
8,000
19. Blue Corporation's standards call for 5,250 direct labor-hours to produce 1,750 units of product. During May 1,200 units were produced and the company worked 1,650 direct labor-hours. The standard hours allowed for May production would be:
5,250
1,650
3,600
4,050
22. Epley Corporation makes a product with the following standard costs: |
| Standard Quantity or Hours | Standard Price or Rate |
Direct materials | 9.5 pounds | $9.0 per pound |
Direct labor | 0.8 hours | $31.00 per hour |
Variable overhead | 0.8 hours | $14.50 per hour |
In July the company produced 3,420 units using 13,680 pounds of the direct material and 2,856 direct labor-hours. During the month, the company purchased 14,440 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $88,125 and the actual variable overhead cost was $39,700. |
|
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. |
|
The labor rate variance for July is: 411F 411U 3,309U 3,309F |
23 Midgley Corporation makes a product whose direct labor standards are 0.6 hours per unit and $35 per hour. In April the company produced 7,700 units using 4,120 direct labor-hours. The actual direct labor cost was $86,520. |
|
The labor efficiency variance for April is: |
| $17,500 U | |
| $17,500 F | |
| $75,180 F | |
| $75,180 U | |
25. A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours. |
| |
Standard hours per unit of output | 3.60 | machine-hours |
Standard variable overhead rate | $10.95 | per machine-hour |
The following data pertain to operations for the last month: |
Actual hours | 8,900 | machine-hours |
Actual total variable manufacturing overhead cost | $95,820 |
|
Actual output | 2,300 | units |
What is the variable overhead rate variance for the month? |
| $1,916 F |
| $1,916 U |
| $1,635 F |
| $1,635 U |
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