Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

The flexible-budget variance for materials is $5,000 (U). The sales-volume variance is $13,000 (U). The price variance for material is $31000 (F). The efficiency variance for direct manufacturing labor is $7,000 (F). Calculate the price variance for materials Select one: 0 a $36,000 favorable b. $13,000 unfavorable c. $36,000 unfavorable d. $6,000 favorable e. $35,000 unfavorable Perry Company has provided the following information: Month Budgeted Sales March $200,000 April 212,000 May 204,000 June 218,000 July 210,000 In addition, the gross profit rate is 40% and the desired Inventory level is 30% of next month's cost of sales. The purchase budget for june is : Select one: a. $129,360 b. $129,360 o c. $380,040 d. $125,760 e. $124,920 f. $494,160 g. $163,920 The Lopez Company uses standard costing in its manufacturing plant for auto parts. , the budgeted output level for the year is 4,000 unitsThe standard machine- hours allowed per unit of output is 6 machine hours, the budgeted Variable manufacturing overhead rate is $8per hour. The actual output produced was 4,400 units. The actual Variable manufacturing overhead costs were $245,000. The actual machine hours were 28,400. The efficiency variance for V.MOH is : Select one: a. never a variance b. 17,800 favorable c. 16,000 unfavorable d. 17,800 unfavorable e. 16,000 favorable The Lopez Company uses standard costing in its manufacturing plant for auto parts. the budgeted output level for the year is 4,000 units The standard machine- hours allowed per unit of output is 6 machine hours, the budgeted Variable manufacturing overhead rate is $9 per hour. The actual output produced was 4,400 units. The actual Variable manufacturing overhead costs were $245,000. The actual machine hours were 28,400. The spending variance for V.MOH is: Select one: a. 10,600 Favorable b. 10,600 unfavorable c. 17,800 favorable d. 17,800 unfavorable e. 16,000 unfavorable

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

What do you think Katsoudas means by the phrase one size fits one?

Answered: 1 week ago

Question

How do you think GM should handle this decision and why?

Answered: 1 week ago