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Accounting Help (1)

Direct labor 0 630 direct materials 0 1390

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Direct labor $0 $6.30 Direct materials 0 13.90 Manufacturing overhead 38,000 1.80 Selling and administrative expenses 25,600 0.30 Total expenses $63,600 $22.30 Actual results for October: Revenue $232,600 Direct labor $41,890 Direct materials $94,925 Manufacturing overhead $44,000 Selling and administrative expenses $30,480 The revenue variance in October would be closest to: $640 F $1,075 F $640 U $1,075 U 13. Karmazyn Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient-visits 9,200 Budgeted variable costs: Supplies (@ $9.30 per patient-visit) $ 85,560 Laundry (@ $9.00 per patient-visit) 82,800 Total variable cost 168,360 Budgeted fixed costs: Wages and salaries 99,720 Occupancy costs 107,720 Total fixed cost 207,440 Total cost $375,800 The total variable cost at the activity level of 9,300 patient-visits per month should be: $207,440 $170,190 $168,360 $209,770
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14. Hurren Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.8 grams $7.00 per gram $33.60 Direct labor 0.8 hours $13.00 per hour $10.40 Variable overhead 0.8 hours $8.00 per hour $6.40 The company reported the following results concerning this product in June. Originally budgeted output 6,200 units Actual output 6,100 units Raw materials used in production 28,420 grams Actual direct labor-hours 4,800 hours Purchases of raw materials 32,200 grams Actual price of raw materials purchased $7.10 per gram Actual direct labor rate $13.90 per hour Actual variable overhead rate $7.70 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. The labor efficiency variance for June is: $1,112 F $1,112 U $1,040 F $1,040 U 15. Tidd Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.6 grams $3.00 per gram $13.80 Direct labor 0.5 hours $12.00 per hour $6.00 Variable overhead 0.5 hours $3.00 per hour $1.50 The company reported the following results concerning this product in November. Originally budgeted output 9,200 units Actual output 9,300 units Raw materials used in production 44,840 grams Purchases of raw materials 47,330 grams Actual direct labor-hours 7,900 hours Actual cost of raw materials purchases $132,470
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Actual direct labor cost $125,163 Actual variable overhead cost $22,456 The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. The materials quantity variance for November is:
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Direct labor 0 630 Direct materials 0 1390 Manufacturing...

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