Casivant Corporation makes a product that uses a material wi…
Casivant Corporation makes a product that uses a material with the following direct material standards: Standard quantity 3.8 pounds per unit Standard price $4.00 per pound The company produced 7,300 units in November using 28,710 pounds of the material. During the month, the company purchased 30,800 pounds of the direct material at a total cost of $117,040. The direct materials price variance for November is (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
Read DetailsShane Corporation has provided the following data concerning…
Shane Corporation has provided the following data concerning last month’s operations. Direct materials $23,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $92,000 Beginning Ending Work in process inventory $56,000 $69,000 Finished goods inventory $33,000 $36,000 How much is the cost of goods sold? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.
Read DetailsQUESTION 1 Fragen und Antworten. Wähl die richt…
QUESTION 1 Fragen und Antworten. Wähl die richtige Antwort für jede Frage. Questions and answers. Choose the correct answer for each question. 1.1 Wie heißt du? [ans1] (1) 1.2 Woher kommst du? [ans2] (1) 1.3 Wo wohnst du? [ans3] (1) 1.4 Wer bist du? [ans4] (1) 1.5 Wie geht’s? [ans5] (1)
Read DetailsRespass Corporation has provided the following data concerni…
Respass Corporation has provided the following data concerning an investment project that it is considering: Initial investment $160,000 Annual cash flow $54,000 per year Salvage value at the end of the project $11,000 Expected life of the project 4 years Discount rate 15% Partial present value tables follow: PV of $1 Periods 12% 13% 14% 15% 16% 1 0.893 0.885 0.877 0.870 0.862 2 0.797 0.783 0.770 0.756 0.743 3 0.712 0.693 0.675 0.658 0.641 4 0.636 0.613 0.592 0.572 0.552 5 0.567 0.543 0.519 0.497 0.476 PV of an annuity of $1 Periods 12% 13% 14% 15% 16% 1 0.893 0.885 0.877 0.870 0.862 2 1.690 1.668 1.647 1.626 1.605 3 2.402 2.361 2.322 2.284 2.246 4 3.037 2.975 2.9147 2.856 2.798 5 3.605 3.517 3.433 3.353 3.274 The net present value of the project is closest to (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
Read DetailsMarley Corporation makes three products (X, Y, & Z) with the…
Marley Corporation makes three products (X, Y, & Z) with the following characteristics: Products X Y Z Selling price per unit $10 $15 $20 Variable cost per unit $6 $10 $10 Machine hours per unit 2 4 10 The company has a capacity of 2,000 machine hours, but there is virtually unlimited demand for each product. In order to maximize total contribution margin, how many units of each product should the company produce? PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR.
Read DetailsThe management of Furrow Corporation is considering dropping…
The management of Furrow Corporation is considering dropping product L07E. Data from the company’s budget for the upcoming year for product L07E appear below: Sales $830,000 Variable expenses $365,000 Fixed manufacturing expenses $291,000 Fixed selling and administrative expenses $166,000 In the company’s accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $186,000 of the fixed manufacturing expenses and $106,000 of the fixed selling and administrative expenses are avoidable if product L07E is discontinued. The financial advantage (disadvantage) for the company of eliminating this product for the upcoming year would be (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR):
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