Question
In: Accounting
1.2 REQUIRED: Use the information provided below to calculate the following: 1.2.1 Idle time variance (3)...
1.2 REQUIRED:
Use the information provided below to calculate the following:
1.2.1 Idle time variance (3)
1.2.2 Labour mix variance (7)
1.2.3 Labour yield variance (3)
Indicate whether each variance is favourable or unfavourable.
INFORMATION
: Standard labour costs for Electro Manufacturers to manufacture 2 000 units:
400 hours at R70 per hour
200 hours at R35 per hour
Actual labour costs incurred to produce 1 900 units:
290 hours at R R65 per hour
170 hours at R32 per hour
Idle time represents 10% of the recorded labour hours
Solutions
ekkarill92 answered 2 years agoRelated Solutions
1.2 REQUIRED: Use the information provided below to calculate the following: 1.2.1 Idle time variance (3)...
1.2 REQUIRED: Use the information provided below to calculate
the following:
1.2.1 Idle time variance (3)
1.2.2 Labour mix variance (7)
1.2.3 Labour yield variance (3)
Indicate whether each variance is favourable or
unfavourable.
INFORMATION:
Standard labour costs for Electro Manufacturers to manufacture 2
000 units:
400 hours at R70 per hour
200 hours at R35 per hour
Actual labour costs incurred to produce 1 900 units:
290 hours at R R65 per hour
170 hours at R32 per hour...
1.2 REQUIRED: Use the information provided below to calculate the following: 1.2.1 Idle time variance (3)...
1.2 REQUIRED: Use the information provided below to calculate
the following:
1.2.1 Idle time variance (3)
1.2.2 Labour mix variance (7)
1.2.3 Labour yield variance (3)
Indicate whether each variance is favourable or
unfavourable.
INFORMATION:
Standard labour costs for Electro Manufacturers to manufacture 2
000 units:
400 hours at R70 per hour
200 hours at R35 per hour
Actual labour costs incurred to produce 1 900 units:
290 hours at R R65 per hour
170 hours at R32 per hour...
REQUIRED Use the information provided below to calculate the following: 5.1.1 Payback Period of Project A...
REQUIRED Use the information provided below to calculate the
following: 5.1.1 Payback Period of Project A (answer expressed in
years and months) 5.1.2 Net Present Value (NPV) of both
projects (amounts rounded off to the nearest Rand).
INFORMATION Slater Limited is looking at the possibility of
investing in one of two new projects, Project A or Project B.
Project A would cost R600 000, and its net cash flows are estimated
to be R200 000 per year, except for the...
REQUIRED Use the information provided below to answer each of the following questions independently: 1.1 Calculate...
REQUIRED
Use the information provided below to answer each of the
following questions independently:
1.1 Calculate the break-even value using the marginal income
ratio.
1.2 The sales manager proposes a R2 per unit reduction in
selling price with the
expectation that this would increase sales by 2 000 units. Is
this a good idea?
Motivate your answer.
1.3 Determine the selling price per unit if a net profit of R486
000 is desired.
INFORMATION
The following forecasts for January 2021...
1.1 REQUIRED Use the information provided below to calculate the cost to Umhlali Stores (as a...
1.1 REQUIRED Use the information provided below to calculate the
cost to Umhlali Stores (as a percentage) of not accepting the
discount. (Assume a 365-day year.) (5) INFORMATION Jehcon
Manufacturers’ credit terms to Umhlali Stores are 60 days but the
manufacturer is prepared to allow a 2.5% rebate if Umhlali Stores
pays the account within 10 days.
1.2 Use the information given below to calculate the:
1.2.1 EOQ (4)
1.2.2 Reorder point (4) INFORMATION Gem Enterprises intends
purchasing 7 200...
•Calculate the variance analysis for the information provided below using this problem and the formula provided...
•Calculate the variance analysis for the information provided
below using this problem and the formula provided to you.
Data:
Budget
Actual
Variance
Total Payroll Cost
$65,600.00
$78,627.50
$13,027.50
Total Nursing Hours
1600
1850
250
Composite Hourly Pay Rate
$30.00
$33.00
$3.00
Patient Days
350
375
25
Formulas to use in calculations for variance analysis:
Step #1: Compute the Efficiency Variance.
Budgeted nursing hours / Budgeted patient days =
HPPD Budgeted
Actual nursing hours / Actual patient days = HPPD Actual...
QUESTION 3 (20 Marks) REQUIRED Use the information provided below to prepare the following for Electroman...
QUESTION 3 REQUIRED Use the information provided
below to prepare the following for Electroman Limited for August
and September 2020 (using separate monetary columns for each
month):
3.1 Debtors Collection Schedule
3.2 Cash Budget. Note: Where applicable, round off
amounts to the nearest Rand. INFORMATION Electroman Limited sells
appliances.
The following forecasts were made:
1. The bank balance on 31 July 2020 is expected to be R50 000
(favourable).
2. Sixty percent (60%) of all sales are for cash; the...
3.1 REQUIRED Use the information provided below to calculate the profit to Mersat Stores if: 3.1.1...
3.1 REQUIRED Use the information provided below to calculate the
profit to Mersat Stores if:
3.1.1 All the sales are for cash. (1 mark)
3.1.2 Seventy percent (70%) of the sales are on credit and the
balance is for cash. All accounts are paid in 30 days.
3.1.3 All the sales are on credit and the credit terms are 4/10 net
30 days. Suppose this discount applies to 75% of the credit sales.
INFORMATION
Mersat Stores expects to sell 10...
Use the following information to answer the questions below that are required to ultimately calculate a...
Use the following information to answer the questions below that
are required to ultimately calculate a company’s WACC:
- Long-term bonds: 3,500 bonds outstanding with 7.20% p.a. coupons
paid semi-annually, $1000 face value, 25 years to maturity, current
market yield is 5.72% p.a.
- Preference shares: pay a dividend of 8% p.a. forever on a $15
face value, 45,000 outstanding, currently selling for $14.20 per
share.
- Ordinary shares: 175,000 shares outstanding selling for $37
per share with beta of...
Use the following information to answer the questions below that are required to ultimately calculate a...
Use the following information to answer the questions
below that are required to ultimately calculate a company’s
WACC:
- Long-term bonds: 3,500 bonds outstanding with
7.20% p.a. coupons paid semi-annually, $1000 face value, 25 years
to maturity, current market yield is 5.72% p.a.
- Preference shares: pay a dividend of 8% p.a.
forever on a $15 face value, 45,000 outstanding, currently selling
for $14.20 per share.
- Ordinary shares: 175,000 shares outstanding
selling for $37 per share with beta of...
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