Etcher company collected the following data regarding production of one of its products. compute the direct materials quantity variance
direct materials standard (6 įbs. e $2/lb.) s 12 per finished unit
actual direct materials used 279,300 ibs
actual finished units produced 46,000 units
actual cost of direct materials used $556,110
multiple choice
a. $2.490 favorable.
b. $4,110 unfavorable.
c. $6,600 unfavorable.
d. $2,490 unfavorable.
e. $4,110 favorable.

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

What is the equity method balance in the investment in lindman account at the end of 2018?

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?