Question
In: Accounting
Buckler Company manufactures desks with vinyl tops. In 2004, a 1,000 desk production run cost for...
Buckler Company manufactures desks with vinyl tops. In 2004, a 1,000 desk production run cost for the vinyl used per Model S desk is $27.00 based on 12 square feet of vinyl at a cost of $2.25 per square foot. A production run of 1,000 desks in 2003 resulted in the usage of 12,600 square feet of vinyl at a cost of $2.00 per square foot, a total cost of $25,200.
Resulting from the above production run what is the material volume variance ______, the materials efficiency variance_____, and the materials price variance ______?
Solutions
ekkarill92 answered 6 months agoRelated Solutions
Production of desks: from Teak desk producers. Using excel. Table 1. Desk per desk Total costs...
Production of desks: from Teak desk producers. Using excel.
Table 1.
Desk per desk
Total costs
0
1000
1
1500
2
1750
3
1850
4
2000
5
2200
6
2500
7
2900
8
3500
9
4200
10
5000
3a. Calculate short-run VC, FC, and MC for teak desk
producers
3b. Calculate Atc, avc, and afc.
3c. Price of a desk=400.00 per desk. Calculate profit, calculate
the shut-down point. 3d. Graph VC, FC, and MC
3e. Graph A TC, A VC,...
The DC Desk Company manufactures two types of computer desks from laminated particle board. The Senior...
The DC Desk Company manufactures two types of computer desks
from laminated particle board. The Senior Geek model requires 30
square feet of particle board, 1 keyboard sliding tray and 5 hours
of labor to fabricate. This model has a net profit of $105. The Jr.
Geek model requires 24 square feet of particle board, 1 keyboard
sliding tray and 3 hours of labor to fabricate. The Jr. Geek model
has a net profit of $95. During the next production...
jamestown steel company manufactures and assembles desks and other office equipment. The weekly production of the...
jamestown steel company manufactures and assembles desks and
other office equipment. The weekly production of the model A325
desk at the Fredonia Plant follows the normal probability
distribution with a mean of 200 and a standard deviation of 16.
Recently, new production methods have been introduced and new
employees hired. The VP of manufacturing would like to investigate
whether there has been a change in the weekly production of the
Model A325 desk. A sample from last year's weekly production...
Question 1 Ruby Limited manufactures and sells desks. Price and cost data for the company are...
Question 1
Ruby Limited manufactures and sells
desks. Price and cost data for the company are provided below:
Selling price per
unit
$250
Variable costs per unit
Manufacturing
Direct
materials
$82
Direct
labour
$40
Variable manufacturing
overhead
$60
Variable selling and administrative
costs
$16
Fixed manufacturing overhead
$1,440,000
Fixed selling and administrative
costs
$2,070,000
Forecasted annual sales
$17,500,000
Annual fixed costs
Ruby Limited pays income taxes of 30
percent.
Required:
What is Ruby Limited’s break‐even point in units?...
A company manufactures cylindrical paint cans with open tops with a volume of 17,000 cubic centimeters....
A company manufactures cylindrical paint cans with open tops
with a volume of 17,000 cubic centimeters. What should be the
dimensions of the cans in order to use the least amount of metal in
their production? HINT [See Example 4.] (Round your answer to two
decimal places.)
Comfort Company manufactures pillows. The 2020 operating budget is based on production of 1,000 pillows with...
Comfort Company manufactures pillows. The 2020 operating budget
is based on production of 1,000 pillows with 0.50 machine-hour
allowed per pillow. Budgeted variable overhead per hour was $10.
Actual production for 2020 was 750 pillows using 400 machine-hours.
Actual variable costs were $9 per machine-hour.
Required: Calculate the variable overhead spending and
efficiency variances.
Fine Oak Furniture manufactures high-quality wooden desks and uses a standard cost system. A standard cost...
Fine Oak Furniture manufactures high-quality wooden desks and
uses a standard cost system. A standard cost card for one model of
desk, the “heritage”, developed for 2019, is shown below:
Standard Cost per Unit:
Model: Heritage
Standard
Standard
Standard
Quantity
Price/Rate
Cost
Direct Materials
75
BF x
$ 0.45
per BF
=
$33.75
Direct Labour
1.25
Hrs x
$18.00
per Hr
=
$22.50
Variable Manufacturing Overhead
1.25
Hrs x
$4.00
per Hr
=
$5.00
Fixed Manufacturing Overhead
1.25
Hrs x...
Fine Oak Furniture manufactures high-quality wooden desks and uses a standard cost system. A standard cost...
Fine Oak Furniture manufactures high-quality wooden desks and
uses a standard cost system. A standard cost card for one model of
desk, the “heritage”, developed for 2019, is shown below:
Standard Cost per Unit:
Model: Heritage
Standard
Standard
Standard
Quantity
Price/Rate
Cost
Direct Materials
75
BF x
$ 0.45
per BF
=
$33.75
Direct Labour
1.25
Hrs x
$18.00
per Hr
=
$22.50
Variable Manufacturing Overhead
1.25
Hrs x
$4.00
per Hr
=
$5.00
Fixed Manufacturing Overhead
1.25
Hrs x...
ine Oak Furniture manufactures high-quality wooden desks and uses a standard cost system. A standard cost...
ine Oak Furniture manufactures high-quality wooden desks and
uses a standard cost system. A standard cost card for one model of
desk, the “heritage”, developed for 2019, is shown below:
Standard Cost per Unit:
Model: Heritage
Standard
Standard
Standard
Quantity
Price/Rate
Cost
Direct Materials
75
BF x
$ 0.45
per BF
=
$33.75
Direct Labour
1.25
Hrs x
$18.00
per Hr
=
$22.50
Variable Manufacturing Overhead
1.25
Hrs x
$4.00
per Hr
=
$5.00
Fixed Manufacturing Overhead
1.25
Hrs x...
a. Production & Cost Relationship in the Long-Run Explain the long-run production concept of diminishing returns...
a. Production & Cost Relationship in the
Long-Run
Explain the long-run production concept of diminishing returns
to scale, and what it implies about the long-run average costs of
production.
b.
Quantity of
Umbrellas
Total Cost
MC
0
8
na
1
10
2
2
13
3
3
17
4
4
22
5
5
28
6
6
35
7
(4 pts) Comment on the shape of the short-run total
production curve that gives the input and output
relationship in the short-run. Sketch...
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