Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 9 6.25 points Save Answer The actual cost of raw materials is $10.50 per pound. The budgeted cost of raw materials is $11.25 per
QUESTION 9 6.25 points Save Answer The actual cost of raw materials is $10.50 per pound. The budgeted cost of raw materials is $11.25 per pound. During the current period, 10,000 pounds were used in the production process. The standard usage for actual units produced is 9,800 pounds. The material quantity variance is O $2,250 favorable $7,500 unfavorable $5,250 favorable $2,250 unfavorable $7,500 favorable QUESTION 10 6.25 points Save Answer June Company produces a single product with a unit selling price of $55 and unit variable costs of $30. Total fixed costs are $25,000. Suppose variable costs per unit increase by 10% because of an increase in the cost of direct materials. What will happen to the break-even point? The break-even point will increase from 1,000 units to 1,136 units The break-even point will decrease from 1,000 units to 758 units. The break-even point will increase from 758 units to 1,000 units. The break-even point will decrease from 1,000 units to 864 units. QUESTION 5 Concord Company produces Kendra sailboats. The costs of producing 110,000 tiller extensions for use in the boars are as follows: Direct labor $251,000 Direct materials 304,000 Variable overhead 62,000 Fixed overhead 183,000 An outside supplier has offered to supply the tiller extensions for $722,000. If Concord accepts the offer, $86,000 of fixed costs can be avoided. What is the financial advantage (disadvantage) of accepting the supplier's offer? ($8,000) ($19,000) $19,000 $8,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started