Business
Business, 02.08.2019 16:10, perrintaylor01

Vitex, inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: inputs (1) standard quantity or hours (2) standard price or rate standard cost (1) × (2) direct materials 6 pounds $ 3 per pound $ 18.00 direct labor 0.8 hours $ 15 per hour $ 12.00 variable manufacturing overhead 0.8 hours $ 3 per hour $ 2.40 total standard cost per unit $ 32.40 total variances reported standard cost* price or rate quantity or efficiency direct materials $ 405,000 $ 6,900 f $ 9,000 u direct labor $ 270,000 $ 14,550 u $ 21,000 u variable manufacturing overhead $ 54,000 $ 1,300 f $ ? u *applied to work in process during the period. the company's manufacturing overhead cost is applied to production on the basis of direct labor-hours. all of the materials purchased during the period were used in production. work in process inventories are insignificant and can be ignored. required: 1. how many units were produced last period? 2. how many pounds of direct material were purchased and used in production? 3. what was the actual cost per pound of material? (round your answer to 2 decimal places.) 4. how many actual direct labor-hours were worked during the period? 5. what was the actual rate paid per direct labor-hour? (round your answer to 2 decimal places.) 6. how much actual variable manufacturing overhead cost was incurred during the period?

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 19:30, michael1498
Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.
Answers: 1
image
Business, 22.06.2019 20:10, spicee68003
Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.
Answers: 1
image
Business, 22.06.2019 20:30, joaquin42
Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e. g.
Answers: 3
image
Business, 22.06.2019 21:30, hiji0206
Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve
Answers: 1
Do you know the correct answer?
Vitex, inc. manufactures a popular consumer product and it has provided the following data excerpts...

Questions in other subjects:

Konu
Arts, 04.02.2020 00:11