Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Qui 39 1 stol 9 ORS Company makes fabric covered hatboxes. The company begon September with 500 boxes in process that were 100 percent complete

image text in transcribed

image text in transcribed

image text in transcribed

Qui 39 1 stol 9 ORS Company makes fabric covered hatboxes. The company begon September with 500 boxes in process that were 100 percent complete as to cardboard, 80 percent complete as to clotho and 60 percent complete as to conversion costs. During the month 3300 boxes were started on September 30, 350 boxes were in process (100 percent completo as to cardboard. 70 percent complete as to cloth, and 55 percent complete as to conversion costs) 17 25 33 What is the oquivalent units of production for the month using Weighted Average method in Cardboard Cloth and conversion rospectively 41 49 Solectone 3695 3,642.50 Finish 3300 2.695 3.842.50 Timele C3 800 3205 3.242.50 D 3300 3.34250 NEXT PAE et Quiz Navig Question 29 1 2 Not you antwored 9 10 11 Marted out of 100 Lee Company's operations for April discussed the following data relating to direct labor Actual cost P10,000 Rato variance (tavorable) 1.000 Efficiency variance (unfavorable) 1,500 Standard cost P9,500 17 18 19 P Fog question 25 28 27 33 34 35 Actual direct labor hours for the month of April amounted to 2000 What was the standard direct labor hourly rate? 47 42 13 Select one CAP450 49 50 B P550 Finish attempt CP500 Timelert 28:4 D.P4.75 PREVIOUS PAGE NEXT PADE Gtv MacBook Air Cutie Pie Company produces a single product. The standard cost for the product follows: Direct materials used in production 5,000 yards Direct materials purchased (6,000 yards) P 28,500 Direct labor costs incurred (2,100 hours) P 17.850 Variable manufacturing overhead incurred P10,080 During the recent period, the company produced 1.200 units of product Various costs associated with the production of these units are applied to products on the basis of direct labor hours. Other information are as follows: Direct materials (4 yards @ P5) P 20 Direct labor (1.5 hours @PO) P 15 Variable manufacturing overhoad (15 hours @P4) P 6 The company record all variances at the earliest time possible The labor officiency variance for the period is

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

Students also viewed these Accounting questions