Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

This is all the information given to me 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total #units price/unit $50.00 $50.00 $50.00 $50.00 Sales $$

This is all the information given to me
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total #units price/unit $50.00 $50.00 $50.00 $50.00 Sales $$ DM/unit $6.00 $6.00 $6.00 $6.00 DM $$ DLH/unit 2.0 2.0 2.0 2.0 total DLH rate/DLH $11.00 $11.00 $11.00 $11.00 DL $$ | 00 11:001:1:1:1:1:07 1:001: 1: 1:1:1:01 1111 II OH/DLH $7.00 $7.00 $7.00 $7.00 OH $$ Mfg Cost ($$) D C D Gross Margin var SG&A/unit $1.00 $1.00 $1.00 $1.00 var SG&A $$ D fix SG&A $50,000 $ 50,000 $50,000 $50,000 total SG&A op income total sales units = 100,000; Q1 = 18%, Q2 = 17%, Q3 = 26%, Q4 = 39% remember the three elements of manufacturing cost assume no beginning or ending inventory 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total # units 18000 17000 26000 39000 100000 price/unit Sales $$ $ 50.00 $ 50.00 $ 50.00 $ 50.00 $ 9,00,000.00 $ 8,50,000.00 $ 13,00,000.00 $ 19,50,000.00 $ 50,00,000.00 s 6.00 s 6.00 $ 6.00 $ 6.00 s 1,08,000.00 $ 1,02,000.00 $ 1,56,000.00 $ 2,34,000.00 $ 6,00,000.00 DM/Unit DM $$ DLH / Unit 52000 rate/DLH total DLH 36000 34000 78000 200000 $ 11.00 $ 11.00 $ 11.00 $ 11.00 DL 55 $ 3,96,000.00 S 3,74,000.00 5,72,000.00 $ 8,58,000.00 $ 22,00,000.00 OH/DLH $ 7.00 $ 7.00 $ 7.00 $ 7.00 OH $$ s 2,52,000.00 $ 2,38,000.00 S 3,64,000.00 $ 5,46,000.00 $ 14,00,000.00 Mfg Cost (SS) S 7,56,000.00 7,14,000.00 $ 10,92,000.00 $ 16,38,000.00 $ 42,00,000.00 Gross Margins 1,44,000.00 $ 1,36,000.00 $ 2,08,000.00 $ 3,12,000.00 $ 8,00,000.00 var SG&A/unit $ 1.00 $ 1.00 $ 1.00 $ 1.00 var SG&A 55 S 18,000.00 S 17,000.00 $ 26,000.00 S 39,000.00 $ 1,00,000.00 fix SG&A $ 50,000.00 $ 50,000.00 $ 50,000.00 $ 50,000.00 $ 2,00,000.00 total SG&A $ 68,000.00 S 67,000.00 S 76,000.00 $ 89,000.00 $ 3,00,000.00 op Income S 76,000.00 S 69,000.00 S 1,32,000.00 S 2,23,000.00 $ 5,00,000.00 total sales units = 100,000; Q1 = 18%, Q2 = 17%, Q3 = 26%, Q4 = 39% remember the three elements of manufacturing cost assume no beginning or ending inventory Question 1 1 pts What is the DM price variance? Question 2 What is the DM quantity variance? Question 3 What is DL rate variance? Question 4 2 pts What is the DL efficiency variance? Question 5 2 pts What is the VOH spending variance? Question 6 2 pts What is the VOH efficiency variance? Question 7 2 pts What is the FOH spending variance? Question 8 2 pts What is the FOH volume variance? 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total #units price/unit $50.00 $50.00 $50.00 $50.00 Sales $$ DM/unit $6.00 $6.00 $6.00 $6.00 DM $$ DLH/unit 2.0 2.0 2.0 2.0 total DLH rate/DLH $11.00 $11.00 $11.00 $11.00 DL $$ | 00 11:001:1:1:1:1:07 1:001: 1: 1:1:1:01 1111 II OH/DLH $7.00 $7.00 $7.00 $7.00 OH $$ Mfg Cost ($$) D C D Gross Margin var SG&A/unit $1.00 $1.00 $1.00 $1.00 var SG&A $$ D fix SG&A $50,000 $ 50,000 $50,000 $50,000 total SG&A op income total sales units = 100,000; Q1 = 18%, Q2 = 17%, Q3 = 26%, Q4 = 39% remember the three elements of manufacturing cost assume no beginning or ending inventory 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total # units 18000 17000 26000 39000 100000 price/unit Sales $$ $ 50.00 $ 50.00 $ 50.00 $ 50.00 $ 9,00,000.00 $ 8,50,000.00 $ 13,00,000.00 $ 19,50,000.00 $ 50,00,000.00 s 6.00 s 6.00 $ 6.00 $ 6.00 s 1,08,000.00 $ 1,02,000.00 $ 1,56,000.00 $ 2,34,000.00 $ 6,00,000.00 DM/Unit DM $$ DLH / Unit 52000 rate/DLH total DLH 36000 34000 78000 200000 $ 11.00 $ 11.00 $ 11.00 $ 11.00 DL 55 $ 3,96,000.00 S 3,74,000.00 5,72,000.00 $ 8,58,000.00 $ 22,00,000.00 OH/DLH $ 7.00 $ 7.00 $ 7.00 $ 7.00 OH $$ s 2,52,000.00 $ 2,38,000.00 S 3,64,000.00 $ 5,46,000.00 $ 14,00,000.00 Mfg Cost (SS) S 7,56,000.00 7,14,000.00 $ 10,92,000.00 $ 16,38,000.00 $ 42,00,000.00 Gross Margins 1,44,000.00 $ 1,36,000.00 $ 2,08,000.00 $ 3,12,000.00 $ 8,00,000.00 var SG&A/unit $ 1.00 $ 1.00 $ 1.00 $ 1.00 var SG&A 55 S 18,000.00 S 17,000.00 $ 26,000.00 S 39,000.00 $ 1,00,000.00 fix SG&A $ 50,000.00 $ 50,000.00 $ 50,000.00 $ 50,000.00 $ 2,00,000.00 total SG&A $ 68,000.00 S 67,000.00 S 76,000.00 $ 89,000.00 $ 3,00,000.00 op Income S 76,000.00 S 69,000.00 S 1,32,000.00 S 2,23,000.00 $ 5,00,000.00 total sales units = 100,000; Q1 = 18%, Q2 = 17%, Q3 = 26%, Q4 = 39% remember the three elements of manufacturing cost assume no beginning or ending inventory Question 1 1 pts What is the DM price variance? Question 2 What is the DM quantity variance? Question 3 What is DL rate variance? Question 4 2 pts What is the DL efficiency variance? Question 5 2 pts What is the VOH spending variance? Question 6 2 pts What is the VOH efficiency variance? Question 7 2 pts What is the FOH spending variance? Question 8 2 pts What is the FOH volume variance

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

Recommended Textbook for

The Mcgraw Hill 36 Hour Course In Finance For Non Financial Managers

Authors: Robert Cooke

2nd Edition

0071425462, 978-0071425469

More Books

Students also viewed these Accounting questions

Question

★★★★★

Kinross Gold Corporation is a Canadian company headquartered in Toronto. It explores and develops gold properties in the United States, Canada, Brazil, Chile, and Russia. Rani, a Business...

Answered: 1 week ago

Question

★★★★★

Participate in a debate in class. Your instructor will give you the topic and ground rules. Use the inventional system presented in box 6.3 to construct your argument. When the debate is complete,...

Answered: 1 week ago

Question

★★★★★

According to the Business Roundtable, Effective corporate governance requires a clear understanding of the respective roles of the board and senior management and their relationships with others in...

Answered: 1 week ago

Question

★★★★★

Jackson Incorporated produces leather handbags. The production budget for the next four months is: July 5,200 units, August 7,800 units, September 7,900 units, and October 8,800 units. Each handbag...

Answered: 1 week ago

Question

★★★★★

6. f(x)=8x (85) A. f'=4x' df D. = 4x dx B. f'(x)=16x E. f'=16.x C

Answered: 1 week ago

Question

★★★★★

() A large container made to hold water has the equation z = 4(x + y) 3/2 (The z-axis points up.) (a) Find a formula for V(z), the volume of water in the container when its depth is z. ANSWER: V(z) =...

Answered: 1 week ago

Question

★★★★★

A car accelerates from rest to 7 m/sin 3.4 seconds. How far (in meters) did it travel during this time period?

Answered: 1 week ago

Question

★★★★★

(b) According to the diagram, if this firm is operating in the short-run (SR), which price (at least) must the firm receive for its output, to enable it to continue to produce? Provide a brief...

Answered: 1 week ago

Question

★★★★★

Determine which of Schedules 1 through 3 the taxpayer(s) will file with Form 1040 for each case: A) Abby and Bert are married, file a joint tax return, and have two qualifying children (ages 4 and...

Answered: 1 week ago

Question

★★★★★

Explain a difficult professional decision that you made and discuss, with the benefit of hindsight, whether you would decide differently in similar situations in the future

Answered: 1 week ago

Question

★★★★★

explain what is meant by the terms safety, hazard, risk, wellbeing and health

Answered: 1 week ago

Question

★★★★★

explain the reasons for managing employee health, safety and wellbeing

Answered: 1 week ago

Question

★★★★★

4. Fairness in pay is an objective of both employers and employees. Describe briefly the issues that need to be considered with reference to fairness, and evaluate critically the approaches that...

Answered: 1 week ago

Previous Question Next Question