Business, 10.03.2020 00:12, drodriguez2324
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows:
Standard Hours 24 minutes
Standard Rate per Hour $5.40
Standard Cost $2.16
During August, 8,530 hours of direct labor time were needed to make 19,800 units of the Jogging Mate. The direct labor cost totaled $44,356 for the month.
Required:
a. What is the standard labor-hours allowed (SH) to makes 19,800 Jogging Mates?
b. What is the standard labor cost allowed (SH x SR) to make 19,800 Jogging Mates?
c. What is the labor spending variance?
d. What is the labor rate variance and the labor efficiency variance?
e. The budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. During August, the company incurred $44,356 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month
Answers: 1
Business, 22.06.2019 19:20, cathydaves
Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:
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Business, 22.06.2019 22:00, brad7330
Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?
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Business, 23.06.2019 00:00, kyledsmith18
In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?
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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standard...
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