1 answer

Please answer the incorrect part. Materials Vallances Cinturon Corporation produces high-quality leather belts. The company's plant...

Question:

Materials Vallances Cinturon Corporation produces high-quality leather belts. The companys plant in Boise uses a standard coPlease answer the incorrect part.

Materials Vallances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor (0.75 hr. @ $12) 9.00 Total prime cost $21.00 During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 305,500 strips at $3.60 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 79,500 hours at $13.00 per hour. Required: 1. Break down the total variance for materials into a price variance and a usage variance using the columnar and formula approaches. Enter favorable values as negative numbers and unfavorable values as positive numbers. Price variance $122,200 X Usage variance $ 69,475 X Total variance $ 25,800 X Favorable Unfavorable Favorable

Answers


Variance Analysis Data Standard Price Standard Quantity for Actual Output Standard Quantity (92000*3) Actual Output Actual Qu

.

Similar Solved Questions

1 answer
20 30 So /o 20 니o" 3 resu
20 30 So /o 20 니o" 3 resu...
1 answer
6. Market value ratios Ratios are mostly calculated using data drawn from the financial statements of...
6. Market value ratios Ratios are mostly calculated using data drawn from the financial statements of a firm. However, another group of ratios, called market value ratios, relate to a firm's observable market value, stock prices, and book values, integrating information from both the market and ...
1 answer
The contribution margin on the income statement does NOT factor in which of the following? Select...
The contribution margin on the income statement does NOT factor in which of the following? Select One A. Depreciation B. Direct labor costs of products C. Direct material costs of products D. Both B and C...
1 answer
1,2 true or false If f :(a,b) + R is differentiable, then [f] : (a,b) +...
1,2 true or false If f :(a,b) + R is differentiable, then [f] : (a,b) + R is also differentiable. The series Σ, 1000 n=1 (î.01)n converges absolutely....
1 answer
Ad o recreational vehicles, determine the level of service (LOS the length of a horizontal curve...
ad o recreational vehicles, determine the level of service (LOS the length of a horizontal curve is 1000 t, the Crown Runoff length is 150 on Runoff length is 200 ft, design and draw the superelevation transition diagram?...
1 answer
Factor f(x) = 3x + 10x4 104x + 64 into linear factors given that - 8...
Factor f(x) = 3x + 10x4 104x + 64 into linear factors given that - 8 is a zero of f(x). f(x) = 3x9 + 10x - 104x +64 = 1 (Factor completely.)...
1 answer
G1 = (A’+C’+D) (B’+A) (A+C’+D’) G2 = (ABC’) + (A’BC) + (ABD) G3 = (A+C) (A+D)...
G1 = (A’+C’+D) (B’+A) (A+C’+D’) G2 = (ABC’) + (A’BC) + (ABD) G3 = (A+C) (A+D) (A’+B+0) G4 = (G1) (A+C) G5 = (G1) (G2) G6 = (G1) (G2) Determine the simplest product-of-sums (POS) expressions for G1 and G2. Determine the simplest sum-of-products (SOP) ex...
1 answer
In the following figure, AF is the perpendicular-bisector of BD, AD = 15, and DF = 13
In the following figure, AF is the perpendicular-bisector of BD, AD = 15, and DF = 13. Find AB + BF...
1 answer
13/13 30. In the past, Games Unlimited sold copies of its trademark computer game on DVD....
13/13 30. In the past, Games Unlimited sold copies of its trademark computer game on DVD. It faced the inver m and function p= 100 - Q. and had the cost function, C = 200 + 400 It recently switched to selling its game online via the internet. Demand was unchanged, but its cost function changed as fi...
1 answer
QUESTION 1: 20 marks 20 points It is planned to carry out the following second-order, elementary,...
QUESTION 1: 20 marks 20 points It is planned to carry out the following second-order, elementary, non- catalytic gas-phase reaction in an adiabatic CSTR: A+B_C+3D. Only A and B (no inerts) are fed to the reactor at equimolar flow rates of 150 mol/min each. The rate constant is related to the tempera...
2 answers
How do you solve #14^ { 4x + 1} = 5^ { x - 2}#?
How do you solve #14^ { 4x + 1} = 5^ { x - 2}#?...
1 answer
The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: $ 83.000 Paid-in capital: Preferred stock, 8.0%, 83,000 shares at $1 par Common stock, 333,300 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-exces...
2 answers
3,4, and 5 please! 15 points Answer the following questions. Please show your work to help...
3,4, and 5 please! 15 points Answer the following questions. Please show your work to help justify your Show critical thinking skills Narrative. J.R is a 27-year-old male. He is 5 feet, 9 inches tall. He weights 187 pounds. He runs three days a week, a moderate pace, for 20 minutes. On the weekend...
1 answer
A rigid tank initially contains 0.32 kg steam at 4 MPa, superheated by 350°C. Now the...
A rigid tank initially contains 0.32 kg steam at 4 MPa, superheated by 350°C. Now the steam loses heat to the surroundings and the cooling of tank continues until the cylinder contains water at 200°C. Determine; (a) the final pressure and the quality (if mixture), (b) the boundary work, (c) ...
1 answer
Please help Short Answer: (A) Draw all 3 steps of mechanism that gives the product 2-butene....
please help Short Answer: (A) Draw all 3 steps of mechanism that gives the product 2-butene. You do not have to draw mechanisms for both products - just 2-butene (either cis or trans). Finally, clearly label each product below as the Hoffman or Zaitsev product. See Key Mechanism 7-5. О ...
1 answer
Question 33 (13.5 points) Many people are trying to solve the puzzle of Growth; why are...
Question 33 (13.5 points) Many people are trying to solve the puzzle of Growth; why are some countries rich and others poor? For example, there are Two Koreas (South Korea and North Korea), who share same culture, history, language and everything else till 1953 Since 1953, South Korea's economy,...
1 answer
Moving to the real on provechanges to this Kumick Cospects that the pound will apprecio $161518...
Moving to the real on provechanges to this Kumick Cospects that the pound will apprecio $161518 pound in one year the money on but it could borrow money to invest it has been approved by a bank to borrow the pounds for one year it can borrow dolara 6 or British poundsat for one year icon vesti d o d...