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Assuming that the division already has a standard cost system, what limitations of that system resulted in two more days of delivery time than its competitors?
Many segment managers have been given the responsibility to make decisions and react quickly to problems for their respective department without consulting .
What do you think is the effect of target costing and VE on the use of variances? Specifically, will materials usage variances and labor efficiency variances .
The employees felt that they could not meet these standards without "fudging" their time cards or sacrificing some quality work in the assembly process.
Discuss how each of those standards would be measured, as well as how variances from those standards would be measured.
Discuss how level of activity is measured in manufacturing, merchandising, and service firms.
What is the basic C-V-P equation? What is a more detailed version of this equation?
When other factors are constant, what is the effect on profits of an increase in fixed costs? Of a decrease in variable costs?
If the company increases its level of production to 12,800 units per month, how much will the company pay, in total, for the salaries.
Compute the amount of profit the company will have for a month in which the company sells 275 lawnmowers.
Compute the number of units the company must sell in a month to achieve a 15% return on sales.
The marketing team has determined that such an increase in sales price will discourage some customers from purchasing the cable.
The company used 5,500 board feet of raw materials with a standard cost of $6.00 per board foot to make 400 tables.
Of these costs, cost of goods sold and selling and administrative costs are variable, advertising is a direct fixed cost.
Of these costs, cost of goods sold and selling and administrative costs are variable, advertising is a direct fixed cost,.
The company spent $80,000 on fixed manufacturing overhead during the year. As of the beginning of the year, the company had budgeted to spend $76,000.
The materials price variance if the chemical is carried in inventory at actual price and is charged to Work-in-Process Inventory at the standard price
What was the actual cost of direct materials used during the period if the standard amount allowed was estimated to be 500,000 pounds?
A standard of four units of material for each calibrator produced has been established. During the period, Starship purchased an additional 1,500 units.
Compute the actual cost per hour of direct labor for the month of September.
Prepare the journal entry to enter labor costs in Work-in-Process Inventory and set up the rate and efficiency variances for labor.
In early 2010, the printing division receives a proposal for a $50,000 investment that would generate an additional $9,000 of income per year.
Compute the variable manufacturing overhead spending and efficiency variances.
Provide the journal entries to record the materials price and quantity variances.