Derive, from the concept of the total energy of a system, the total energy of an oscillating system in terms of k and amplitude. (show all steps begging to end on how you get the equation and answer)
In: Physics
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Factory Overhead Cost Variance Report
Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 8,200 hours.
| Variable costs: | ||
| Indirect factory wages | $23,780 | |
| Power and light | 15,006 | |
| Indirect materials | 11,726 | |
| Total variable cost | $50,512 | |
| Fixed costs: | ||
| Supervisory salaries | $13,580 | |
| Depreciation of plant and equipment | 34,830 | |
| Insurance and property taxes | 10,630 | |
| Total fixed cost | 59,040 | |
| Total factory overhead cost | $109,552 |
During October, the department operated at 8,700 standard hours, and the factory overhead costs incurred were indirect factory wages, $25,480; power and light, $15,630; indirect materials, $12,700; supervisory salaries, $13,580; depreciation of plant and equipment, $34,830; and insurance and property taxes, $10,630.
Required:
Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,700 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank.
| Feeling Better Medical Inc. | ||||
| Factory Overhead Cost Variance Report—Assembly Department | ||||
| For the Month Ended October 31 | ||||
| Normal capacity for the month 8,200 hrs. | ||||
| Actual production for the month 8,700 hrs. | ||||
| Budget | Actual | Favorable Variances | Unfavorable Variances | |
| Variable costs: | ||||
| Indirect factory wages | $ | $ | $ | |
| Power and light | $ | |||
| Indirect materials | ||||
| Total variable cost | $ | $ | ||
| Fixed costs: | ||||
| Supervisory salaries | $ | $ | ||
| Depreciation of plant and equipment | ||||
| Insurance and property taxes | ||||
| Total fixed cost | $ | $ | ||
| Total factory overhead cost | $ | $ | ||
| Total controllable variances | $ | $ | ||
| Net controllable variance-unfavorable | $ | |||
| Volume variance-favorable | ||||
| Excess hours used over normal at the standard rate for fixed factory overhead | ||||
| Total factory overhead cost variance-favorable | $ | |||
In: Accounting
Factory Overhead Cost Variance Report
Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 6,700 hours.
| Variable costs: | ||
| Indirect factory wages | $20,100 | |
| Power and light | 14,271 | |
| Indirect materials | 12,261 | |
| Total variable cost | $46,632 | |
| Fixed costs: | ||
| Supervisory salaries | $13,560 | |
| Depreciation of plant and equipment | 34,790 | |
| Insurance and property taxes | 10,610 | |
| Total fixed cost | 58,960 | |
| Total factory overhead cost | $105,592 |
During October, the department operated at 7,100 standard hours, and the factory overhead costs incurred were indirect factory wages, $21,510; power and light, $14,850; indirect materials, $13,300; supervisory salaries, $13,560; depreciation of plant and equipment, $34,790; and insurance and property taxes, $10,610.
Required:
Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 7,100 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank.
| Feeling Better Medical Inc. | ||||
| Factory Overhead Cost Variance Report—Assembly Department | ||||
| For the Month Ended October 31 | ||||
| Normal capacity for the month 6,700 hrs. | ||||
| Actual production for the month 7,100 hrs. | ||||
| Budget | Actual | Favorable Variances | Unfavorable Variances | |
| Variable costs: | ||||
| Indirect factory wages | $ | $ | $ | |
| Power and light | $ | |||
| Indirect materials | ||||
| Total variable cost | $ | $ | ||
| Fixed costs: | ||||
| Supervisory salaries | $ | $ | ||
| Depreciation of plant and equipment | ||||
| Insurance and property taxes | ||||
| Total fixed cost | $ | $ | ||
| Total factory overhead cost | $ | $ | ||
| Total controllable variances | $ | $ | ||
| Net controllable variance-unfavorable | $ | |||
| Volume variance-favorable | ||||
| Excess hours used over normal at the standard rate for fixed factory overhead | ||||
| Total factory overhead cost variance-favorable | $ | |||
In: Accounting
Hannah Ortega is considering expanding her business. She plans
to hire a salesperson to cover trade shows. Because of
compensation, travel expenses, and booth rental, fixed costs for a
trade show are expected to be $9,250. The booth will be open 25
hours during the trade show. Ms. Ortega also plans to add a new
product line, ProOffice, which will cost $177 per package. She will
continue to sell the existing product, EZRecords, which costs $101
per package. Ms. Garcia believes that the salesperson will spend
approximately 15 hours selling EZRecords and 10 hours marketing
ProOffice.
Required
Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 84 units of EZRecords and 54 units of ProOffice.
Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 200 units of EZRecords and 109 units of ProOffice.
(For all requirements, round "Cost per unit" to 2 decimal places.)
|
In: Accounting
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
| Materials | Labor | Overhead | ||||
| Work in process, May 1 | $ | 11,600 | $ | 17,361 | $ | 80,664 |
| Cost added during May | $ | 70,450 | $ | 11,574 | $ | 53,776 |
| Equivalent units of production | 1,000 | 900 | 800 | |||
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
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Maria Am Corporation uses the weighted-average method in its process costing system. The Baking Department is one of the processing departments in its strudel manufacturing facility. In June in the Baking Department, the cost of beginning work in process inventory was $4,810, the cost of ending work in process inventory was $1,130, and the cost added to production was $25,150.
Required:
Prepare a cost reconciliation report for the Baking Department for June.
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In: Accounting
Hannah Ortega is considering expanding her business. She plans
to hire a salesperson to cover trade shows. Because of
compensation, travel expenses, and booth rental, fixed costs for a
trade show are expected to be $11,400. The booth will be open 30
hours during the trade show. Ms. Ortega also plans to add a new
product line, ProOffice, which will cost $175 per package. She will
continue to sell the existing product, EZRecords, which costs $96
per package. Ms. Garcia believes that the salesperson will spend
approximately 20 hours selling EZRecords and 10 hours marketing
ProOffice.
Required
Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 82 units of EZRecords and 45 units of ProOffice.
Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 194 units of EZRecords and 109 units of ProOffice.
(For all requirements, round "Cost per unit" to 2 decimal places.)
|
In: Accounting
The city of Laurelville recently opened a private parking lot in its downtown area for the benefit of city residents. A guard has been hired to patrol the lot and to issue numbered parking stickers to residents submitting an application form and showing evidence of residency. Once a resident has a sticker, they may park in the lot for 12 hours for $1. The guard inspects for stickers on all parked cars, as well as the meter time gauges to see that all fees have been paid. The complete application forms are maintained in the guard's office.
By using a master key, the guard takes coins from the meters weekly and places them in a locked collection box. The guard delivers the box to the city storage department, where a clerk opens it, manually counts the coins, puts the cash in a safe, and records the total on a weekly cash report. This report is sent to the city's accounting department. The day following the cash count, the city treasure's office picks up the cash and manually recounts it, prepares a deposit slip, and makes the deposit at the bank. The deposit slip, authenticated by a bank teller, is sent to the accounting department, where it is filed with the corresponding cash report.
Required: Decribe weaknesses in this system and recommend improvements to strengthen the control procedures.
In: Accounting
.Suppose that the market demand curve facing the incumbent firm is p = 460 -0.5y.The firms total cost curve is c(y) = 100y.The incumbent firm is threatened by a potential entrant, which faces a fixed entry cost K in addition to the variable cost. The entrant’s total cost is therefore c(y) = K + 100y. Find the limit output yL
In: Economics
Suppose that the market demand curve facing the incumbent firm is p = 460 - 0.5y. The firms total cost curve is c(y) = 100y. The incumbent firm is threatened by a potential entrant, which faces a fixed entry cost K in addition to the variable cost. The entrant's total cost is therefore c(y) = K + 100y .Find the limit output YL
In: Economics
The Sanding Department of Quik Furniture Company has the
following production and manufacturing cost data for March 2020,
the first month of operation.
Production: 6,180 units finished and transferred out;
3,000 units started that are 100% complete as to materials and 20%
complete as to conversion costs.
Manufacturing costs: Materials $28,917; labor $20,500;
overhead $33,062.
Prepare a production cost report. (Round unit costs to
2 decimal places, e.g. 2.25 and other answers to 0 decimal places,
e.g. 125.)
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QUIK FURNITURE COMPANY |
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Costs |
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Conversion |
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Unit costs |
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Total Costs |
$enter a dollar amount | $enter a dollar amount | $enter a total of the two previous amounts | |||||
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Equivalent units |
enter a number of units | enter a number of units | ||||||
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Unit costs |
$enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places | $enter a total of the two previous amounts rounded to 2 decimal places | |||||
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Costs to be accounted for |
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Work in process, March 1 |
$enter a total amount | |||||||
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Started into production |
enter a total amount | |||||||
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Total costs |
$enter a total of the two previous amounts | |||||||
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Cost Reconciliation Schedule |
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Costs accounted for |
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Transferred out |
$enter a total amount | |||||||
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Work in process, March 31 |
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Materials |
$enter a dollar amount | |||||||
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Conversion costs |
enter a dollar amount | enter a subtotal of the two previous amounts | ||||||
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Total costs |
$enter a total amount for this Cost Reconciliation Schedule | |||||||
In: Accounting