Question
In: Accounting
Bonita Incasements manufactures protective cases for MP3 players. During November, the company’s workers clocked 880 more...
Bonita Incasements manufactures protective cases for MP3
players. During November, the company’s workers clocked 880 more
direct labor hours than the flexible budget amount of 25,620 hours
to complete 119,800 cases for the Christmas season. All workers
were paid $9.24 per hour, which was $0.56 less than the standard
wage rate.
Calculate Bonita’s direct labor efficiency variance.
(If variance is zero, select "Not Applicable" and enter
0 for the amounts.)
| Direct labor efficiency variance |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Bonita, Inc. manufactures ergonomically designed computer furniture. Bonita uses a job order costing system. On November...
Bonita, Inc. manufactures ergonomically designed computer
furniture. Bonita uses a job order costing system. On November 30,
the Work in Process Inventory consisted of the following jobs:
Job No.
Item
Units
Accumulated
Cost
CC723
Computer caddy
21,000
$1,000,000
CH291
Chair
20,000
436,000
PS812
Printer stand
25,000
257,000
$1,693,000
On November 30, Bonita’s Raw Materials Inventory account totaled
$676,000, and its Finished Goods Inventory totaled $3,456,400.
Bonita applies manufacturing overhead on the basis of machine
hours. The company’s manufacturing overhead budget...
Exercise D6-16 Workers at Bonita News were paid a total of $25,680 during the month of...
Exercise D6-16 Workers at Bonita News were paid a total of
$25,680 during the month of July. The company’s standard wage rate
was $6 per hour, and the direct labor rate variance for the month
was $1,092 Unfavorable. How many direct labor hours were worked
during July? Direct labor hours
Sales Mix and Break-Even Sales New Wave Technology Inc. manufactures and sells two products, MP3 players...
Sales Mix and Break-Even Sales New Wave Technology Inc.
manufactures and sells two products, MP3 players and satellite
radios. The fixed costs are $216,000, and the sales mix is 80% MP3
players and 20% satellite radios. The unit selling price and the
unit variable cost for each product are as follows: Products Unit
Selling Price Unit Variable Cost MP3 players $50 $40 Satellite
radios 130 80
a. Compute the break-even sales (units) for both products
combined.
b. How many units...
Bernie, Ltd. manufactures a single product. During the month of November, 4,000 units were sold for...
Bernie, Ltd. manufactures a single product. During the month of
November, 4,000 units were sold for $490, while 4,800 units were
produced. Their November variable costing income statement showed
the following expenses:
Variable Cost of Goods Sold: $588,000
Variable Selling and Administrative: $156,800
Fixed Manufacturing: $705,600
Fixed Selling and Administrative: $176,400
If November 1 inventory was 1,600 units, what is the value of
the November 30 finished goods inventory under absorption
costing?
Employers often end up laying off more workers during a recession because of ________. A. flexible...
Employers often end up laying off more workers during a
recession because of ________. A. flexible wages B. downward
rigidity of wages C. higher corporate taxes D. a tight monetary
policy
Amanda lives in France. She received $5,000 as a wedding gift
from a relative living in the United States. This is an example of
a(n) ________.
A.
transfer payment to France
B.
export to France
C.
import from France
D.
factor payment to France
Anchor Company manufactures several different types of jewelry cases. Management estimates that during the third quarter of...
Anchor Company manufactures several different types of jewelry
cases. Management estimates that during the third
quarter of 2018, the company will operate at 80%
capacity. Because the company desires a higher
utilization of plant capacity, the company will consider a special
order.
Anchor has received special order inquiries from two
companies. The first special order is from JCP Inc.,
which would like to market a jewelry case similar to Anchor’s
cases. The JCP jewelry case would be marketed under
JCP’s own label. JCP Inc. has...
Anchor Company manufactures several different types of jewelry cases. Management estimates that during the third quarter...
Anchor Company manufactures several different types of jewelry
cases. Management estimates that during the third quarter of 2018,
the company will operate at 80% capacity. Because the company
desires a higher utilization of plant capacity, the company will
consider a special order.
Anchor has received special order inquiries from two companies.
The first special order is from JCP Inc., which would like to
market a jewelry case similar to Anchor’s cases. The JCP jewelry
case would be marketed under JCP’s...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
2
Variable selling and administrative
$
2
Fixed costs per year:
Fixed manufacturing overhead
$
350,000
Fixed selling and administrative
$
260,000
During...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
11
Direct labor
$
8
Variable manufacturing overhead
$
1
Variable selling and administrative
$
1
Fixed costs per year:
Fixed manufacturing overhead
$
420,000
Fixed selling and administrative
$
330,000
During the year, the company produced 30,000 units and sold
25,000 units. The selling price of the company’s product is $54...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs
per unit:
Manufacturing:
Direct
materials
$
11
Direct
labor
$
5
Variable
manufacturing overhead
$
2
Variable selling
and administrative
$
2
Fixed costs per
year:
Fixed
manufacturing overhead
$
350,000
Fixed selling
and administrative
$
260,000
During the year, the company produced 35,000 units and sold
25,000 units. The selling price of the company’s product is $46...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Singh Development Co. is deciding whether to proceed with Project X. The cost would be $12...
- CS2123 Data Structures - Fall 2019 Assignment 1: Function Runtimes Table Due 9/11/19 by 11:59pm Completing...
- Question 2. Design a 16-1 MUX using any number of lower MUXs, such as 8-1 or...
- . Write a function that takes, as arguments, two objects, value1 and value2. If
- Wii Brothers, a game manufacturer, has a new idea for an adventure game. It can market...
- Consider the distillation of ethanol (C2H5OH) and the combustion of ethanol . Use a bullet point...
- 1.How does Economic exposure to exchange rate movements affect the capital budgeting of a firm? Provide...
ADVERTISEMENT