Business, 29.05.2020 07:02, tydariousgamer
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product:
Standard Quantity Standard Price or Rate Standard Cost
Direct materials 2.5 pounds $ 5.75 per pound $ 14.38
Direct labor 0.5 hours $ 17.00 per hour $ 8.50
Variable manufacturing overhead 0.5 hours $ 4.00 per hour $ 2.00
During March, the following activity was recorded by the company:
The company produced 5,200 units during the month.
A total of 16,500 pounds of material were purchased at a cost of $46,200.
There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,300 pounds of material remained in the warehouse.
During March, 2,800 direct labor-hours were worked at a rate of $17.50 per hour.
Variable manufacturing overhead costs during March totaled $5,800.
The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for March is: .
Answers: 1
Business, 21.06.2019 18:10, Karumbafaith
Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000
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Business, 21.06.2019 23:00, E1nst31n44
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How do communism and socialism differ in terms of the role that government plays in the economy ?
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Business, 22.06.2019 11:50, dinero0424
After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
Answers: 1
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on th...
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