The standard direct labor time for producing one pair of original Crocs<\/p>\n
Question 1<\/p>\n
The standard direct labor time for producing one pair of original Crocs is 0.6 hours and the direct labor rate for producing one pair of original Crocs is $18.50 per hour. During February, 10,000 pairs of original Crocs were produced. Actual direct labor costs were $97,850 for 5,150 hours. Compute the direct labor rate variance and the direct labor efficiency variance for the month of February.<\/p>\n
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. For problems, be sure to answer all questions and provide all requested information.<\/p>\n
Question 2<\/p>\n
Antique Reproductions, Inc. estimates its manufacturing costs as follows:<\/p>\n
Variable Costs<\/p>\n
Direct material<\/p>\n
$5.50\/unit<\/p>\n
Direct labor<\/p>\n
2.40\/unit<\/p>\n
Variable overhead<\/p>\n
1.00\/unit<\/p>\n
Fixed Costs<\/p>\n
Supervisor\u2019s salary<\/p>\n
$15,000<\/p>\n
Production facility depreciation<\/p>\n
7,500<\/p>\n
Other production costs<\/p>\n
1,400<\/p>\n
Estimate manufacturing costs for manufacturing levels of 9,000 units, 11,000 units, and 13,000 units.<\/p>\n
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. For problems, be sure to answer all questions and provide all requested information.<\/p>\n
Question 3<\/p>\n
Tiger Company makes a product and uses the following standard unit costs for that product:<\/p>\n
Direct material quantity standard<\/p>\n
6 pound per unit<\/p>\n
Direct material price standard<\/p>\n
$ 9 per pound<\/p>\n
Direct labor time standard<\/p>\n
3.5 hours per unit<\/p>\n
Direct labor rate standard<\/p>\n
$12 per hour<\/p>\n
Variable manufacturing overhead rate standard<\/p>\n
$ 6 per machine hour<\/p>\n
Fixed manufacturing overhead rate standard<\/p>\n
$ 5 per machine hour<\/p>\n
Machine hours standard<\/p>\n
3 hours per unit<\/p>\n
Given the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances.<\/p>\n
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. For problems, be sure to answer all questions and provide all requested information.<\/p>\n
Question 4<\/p>\n
Classic British Sports Cars, Inc. specializes in maintaining and restoring sports cars from the 1960s and relies on a flexible budget. For January, 2012, the company projected that its revenue would be $100,000 based on 500 repair jobs at an average cost of $300 and 50 restoration jobs at an average cost of $2,000. Actual revenue for January was $268,000. Is that a favorable or unfavorable variance? What different factors could account for that variance? How should the company adjust its projections as a result of this variance?<\/p>\n
Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. For problems, be sure to answer all questions and provide all requested information.<\/p>\n
Question 5<\/p>\n
Hacking Tech, LLC provides security services for corporate computer systems and uses the following information:
\nFixed Component Per Month<\/p>\n
Variable Component Per Job<\/p>\n
Actual Totals for March, 2012
\nRevenue
\n$420<\/p>\n
$21,500
\nTech Analysts Wages<\/p>\n
$7,600
\n$ 7,600
\nMobile computer lab<\/p>\n
$2,100<\/p>\n
$45<\/p>\n
$ 4,395
\nOffice expenses<\/p>\n
$4,500<\/p>\n
$5<\/p>\n
$ 4,755
\nInsurance<\/p>\n
$1,200
\n$ 1,200<\/p>\n
The company uses the number of jobs as its measuring activity (for instance, the mobile computer lab expenses for March are $2,100 fixed costs plus $45 per job variable expenses for the $4,395 total mobile computer lab expenses for March).<\/p>\n
Prepare a flexible budget performance report showing the company\u2019s activity variances and revenue and spending variances for March.<\/p>\n
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. For problems, be sure to answer all questions and provide all requested information.<\/p>\n","protected":false},"excerpt":{"rendered":"
The standard direct labor time for producing one pair of original Crocs Question 1 The standard direct labor time for producing one pair of original Crocs is 0.6 hours and the direct labor rate for producing one pair of original Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-240319","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/240319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=240319"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/240319\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=240319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=240319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=240319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}