Business, 19.05.2021 18:30, jayliahj

Sharp Company manufactures a product for which the following standards have been set: Standard Quantity
or HoursStandard Price
or RateStandard
Cost
Direct materials3feet$5per foot$15
Direct labor?hours ?per hour ?
During March, the company purchased direct materials at a cost of $52,305, all of which were used in the production of 3,000 units of product. In addition, 4,600 direct labor-hours were worked on the product during the month. The cost of this labor time was $43,700. The following variances have been computed for the month:
Materials quantity variance$2,550U
Labor spending variance$3,200
U
Labor efficiency variance$900
U
Required:
1. For direct materials:
a. Compute the actual cost per foot of materials for March.
b. Compute the price variance and the spending variance.
2. For direct labor:
a. Compute the standard direct labor rate per hour.
b. Compute the standard hours allowed for the month’s production.
c. Compute the standard hours allowed per unit of product.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:00, AshlynPlayz45

The monthly payment m of a loan of amount p for y years with an interest rate r can be calculated by the formula: m = p(r/12) 1 â’ (1 + r/12)â’12y calculate the monthly payment and the cummulative total payment for a $100,000 loan with an interest rate of 4.85% if taken out for 10 years, for 11 years, etc., up to a 30 year term. display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the cummulative total payment. note: use format bank; for this problem. also, remember to represent the interest rate as a decimal (e. g. 0.0485) 2. a torus-shaped water tube is designed to have a volume of 8, 000in3 . the volume of the tube, v , and its surface area, s, are given by: v = 1 4 ď€ 2 (a + b)(b â’ a) 2 s = ď€ 2 (b 2 â’ a 2 ) if a = kb, determine s, a, and b for k = 0.2, 0.3, 0.7. display the results in a table

Answers: 1

continue

Business, 22.06.2019 01:00, pizarroisaid

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

Answers: 2

continue

Business, 22.06.2019 04:00, tomboyswagge2887

The simple interest in a loan of $200 at 10 percent interest per year is

Answers: 2

continue

Business, 22.06.2019 08:30, cyaransteenberg

Blank is the internal operation that arranges information resources to support business performance and outcomes

Answers: 2

continue

Do you know the correct answer?

Sharp Company manufactures a product for which the following standards have been set: Standard Quan...