Oladipo Corporation makes a product with the following standard costs:
Standard Quantity Standard Price Standard Cost
(or Hours) (or Rate) per unit
Direct materials 6.5 pounds $7.00 per pound $45.50 per unit
Direct labor 0.6 hours $24.00 per hour $14.40 per unit
Variable overhead 0.6 hours $4.00 per hour $2.40 per unit
In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
a. 4,731 F.
b. 0 4,560 U.
c. 0
D. 4,560 F.
E. 0 4,731 U.
Answers: 2
Business, 22.06.2019 06:40
At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.
Answers: 1
Business, 22.06.2019 09:00
How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?
Answers: 2
Business, 22.06.2019 11:20
Which stage of group development involves members introducing themselves to each other?
Answers: 3
Business, 22.06.2019 14:30
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
Oladipo Corporation makes a product with the following standard costs:
Standard Quantity Standard P...
Chemistry, 21.01.2021 01:00
History, 21.01.2021 01:00
Mathematics, 21.01.2021 01:00
Mathematics, 21.01.2021 01:00
English, 21.01.2021 01:00
Mathematics, 21.01.2021 01:00
Mathematics, 21.01.2021 01:00
Arts, 21.01.2021 01:00