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Question 28 Mandatory) (1.5 points) Production and sales estimates for May for the Robin Co. are as follows: Estimated inventory (units), May 1 Desired inventory
Question 28 Mandatory) (1.5 points) Production and sales estimates for May for the Robin Co. are as follows: Estimated inventory (units), May 1 Desired inventory (unit), May 31 Expected sales volume (units): Area W Area X Area Y Unit sales price 18,500 19,300 6,000 7,000 9,000 $20 The number of units expected to be sold in May is: 22,000 1,800 23,800 19.200 Question 29 (Mandatory) (1.5 points) The following data is given for the Happy Company: Question 29 (Mandatory) (1.5 points) The following data is given for the Happy Company: 20 21 Budgeted production Actual production Materials: Standard price per Ib Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly laborrate 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 1,000 units 980 units 2 23 24 2.00 12 11,800 $23,000 5 26 27 $14 per hour 4.5 4,560 $62,928 28 2930 $27,000 $3.50 per standard labor hour $15,500 31 32 33 34 3536 Overhead is applied on standard labor hours The direct labor time variance is: 37 38 39 912F 40 41 42 912U 2,100U 2,100F
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