Multiple Choice
$102,500. What is Thomas' direct labour price variance for June?
Use the information below to answer the following question(s):
Clear Sky Sailmakers manufactures sails for sailboats. The company has the capacity to produce 15,000 sails per year, but is currently producing and selling 10,000 sails per year. The following information relates to current production:
Sale price per unit |
$250 |
Variable costs per unit: |
|
Manufacturing |
$165 |
Marketing and administrative |
$50 |
Total fixed costs: |
|
Manufacturing |
$750,000 |
Marketing and administrative |
$200,000 |
Use the information below to answer the following question(s).
Western Technologies Inc. produces dashboard displays. Actual fixed manufacturing overhead is the same as the budgeted amount, $687,500. Production in September increased by 10% over the previous month's production. August production was 25,000 displays. The production level is the same as the budgeted denominator level. At the end of September, 2,000 displays remained in stock. In August, all of the displays were sold by the end of the month and there was no remaining work in process inventory.
b. $726,500
c. $632,500
d. $687,500
e. $637,500
a. $668,380
b. $726,500
c. $632,500
d. $687,500
e. $637,500
Beginning fixed manufacturing overhead in inventory |
$95,000 |
Fixed manufacturing overhead in production |
375,000 |
Ending fixed manufacturing overhead in inventory |
25,000 |
Beginning variable manufacturing overhead in inventory |
$10,000 |
Variable manufacturing overhead in production |
50,000 |
Ending variable manufacturing overhead in inventory |
15,000 |
What is the difference between operating incomes under absorption costing and variable costing? a. $65,000
b. $50,000
c. $40,000
d. $5,000
e. $70,000
What is the Zany Brainy's sales volume variance for total revenue?
c. Labour price variance [ because it leads to lower labour price]
d. $9,800 unfavourable [ Actual Hrs * Standard Rate - Actual Cost= 5150 * 18 - 102500 = 9800 Unfavourable ]
c. Expected future costs that differs among alternatives [ they are relvant because they are to be incurred in future]
b. Increase by $50,000 [ Increase in Net Profit = Increae in Contribution = 5000 * (225 - 165-50) = 50000]
b. Increase by $150,000 [ Increase in Net Profit = Increae in Contribution = 3000 * (215 - 165) = 150000]
d. $687,500 [ In variable costing all fixed overheads are period costs and are expensed off]
Please ask the remaining sub-parts seperately, thanks.
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