Solved by Expert Tutors
Jackson Industries has collected the following data for one of its products: Direct materials standard (6 pounds per unit @ $3.30 per finished good
Solved by Expert Tutors
Question

I need help with the 20  Managerial Accounting questions in the attached document. Thank You

Jackson Industries has collected the following data for one of its products: Direct materials standard (6 pounds per unit @  $0.55/lb.) $3.30 per finished good Actual direct materials purchased $38,000 pounds Actual Direct Materials Used (AQU) 35,000 pounds Actual Price (AP) paid per pound $0.60 How much is the direct materials price variance? A. $1,750 unfavorable B. $1,900 favorable C. $1,900 unfavorable D. $1,750 favorable Capital Manufacturing designs and manufactures bathtubs for home and commercial applications. Capital recorded the following data for its commercial bathtub production line during the month of March: Standard DL hours per tub 3 Standard overhead rate per DL hour $6.50 Standard overhead cost per unit $19.50 Actual overhead costs $22,750 Actual DL hours 3,250 Actual overhead cost per machine  hour $7.00 Actual tubs produced 1,100 What is the variable manufacturing overhead efficiency variance in March?  A. $1,625 favorable B. $1,625 unfavorable C. $325 unfavorable D. $325 favorable An unfavorable direct labor rate variance indicates which of the following?
Background image of page 1
A. Both Actual Quantity (AQ) and actual cost of direct labor hours exceeded standard quantity and standard  cost of hours for actual output. B. The Actual Quantity (AQ) of direct labor hours worked exceeded the standard quantity of hours for actual  output. C. The actual direct labor cost per hour exceeded the standard direct labor cost per hour for Actual Quantity  (AQ) of direct labor hours. D. The actual cost of direct labor per hour was less than the standard cost of direct labor per hour. Capital Manufacturing designs and manufactures bathtubs for home and commercial applications. Capital recorded the following data for its commercial bathtub production line during the month of March: Standard DL hours per tub 3 Standard overhead rate per DL hour $6.50 Standard overhead cost per unit $19.50 Actual overhead costs $22,750 Actual DL hours 3,250 Actual overhead cost per DL hour $7.00 Actual tubs produced 1,100 What is the variable manufacturing overhead rate variance in March?  A. $325 favorable B. $1,625 favorable C. $325 unfavorable D. $1,625 unfavorable How is the direct labor rate variance calculated? A. The difference between the standard labor rate and the actual labor rate multiplied by the actual labor  hours used
Background image of page 2
Show entire document
Sign up to view the entire interaction

Step-by-step answer

a molestie consequat, ultrices ac magna. Fusce dui lectus,

rem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Do

study#11.doc
ec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lac a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, , consectetur adipiscing elit. Nam l

Subscribe to view the full answer

Subject: Accounting, Business

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Let our 24/7 Accounting tutors help you get unstuck! Ask your first question.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes