Shopping Cart
Your shopping cart is empty!
Categories
ACC 560 Week 7 Homework Chapter 11 (E11-3, E11-6, E11-12, P11-2A)
$8.00

ACC 560 Week 7 Homework Chapter 11 (E11-3, E11-6, E11-12, P11-2A)

This Tutorial was purchased 10 times & rated A+ by student like you.

 

This Tutorial contains following Attachments

  • ACC 560 Week 7 Homework Chapter 11 (E11-3, E11-6, E11-12, P11-2A).docx

ACC 560 Week 7 Homework Chapter 11 (E11-3, E11-6, E11-12, P11-2A)

 

Chapter 11: Standard Costs and Balanced Scorecard
 

E11-3

 Stefani Company has gathered the following information about its product. Direct materials. Each unit of product contains 4.5 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.5 pounds. Materials cost $5 per pound, but Stefani always takes the 2% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 2 hours of labor. Setup, cleanup, and downtime average 0.4 hours per unit. The average hourly pay rate of Stefani's employees is $12. Payroll taxes and fringe benefits are an additional $3 per hour. Manufacturing overhead. Overhead is applied at a rate of $7 per direct labor hour.

Instructions

a. Compute Stefani's total standard cost per unit.

 

E11-6

Lewis Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,600 hours of labor are incurred at a cost of $12.15 per hour to produce 10,000 units of Product DD.

Instructions

a. Compute the total labor variance.

b. Compute the labor price and quantity variances.

c. Repeat (b), assuming the standard is 4.1 hours of direct labor at $12.25 per hour.

 

E11-12

 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $250,000 of variable costs and $600,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours.

During the current year, Byrd produced 95,000 putters, worked 94,000 direct labor hours, and incurred variable overhead costs of $256,000 and fixed overhead costs of $600,000.

Instructions

a. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate.

b. Compute the applied overhead for Byrd for the year.

c. Compute the total overhead variance.

 

P11-2A

Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017.

Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000. Selling and administrative expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount used.

Instructions

a. Compute all of the variances for (1) direct materials and (2) direct labor.

b. Compute the total overhead variance.

Write a review

Order Id


Order Id will be kept Confidential
Your Name:


Your Review:
Rating:   A   B   C   D   F  

Enter the code in the box below:



Related Tutorials
$10.00

This Tutorial was purchased 6 times & rated A+ by student like you.

This Tutorial contains 2 Different Papers   Visit the Website of Johnson Controls Inc., located at http://www.johnsoncontrols.com, and review its 2012 financial forecasts. According to the forecasts, Johnson Controls will increase capital investments to approximately $1.7 billion. Mo..
$10.00

This Tutorial was purchased 3 times & rated A+ by student like you.

This Tutorial contains 2 Different Papers   ACC 560 Week 3 Assignment 1 Activity-based Costing (ABC) in Service Industries   Research a U.S. company in the service industry with e-commerce activities.   Write a five to six (5-6) page paper in which you: ..
$5.00

This Tutorial was purchased 3 times & rated No rating by student like you.

ACC 560 Week 11 Quiz 8 (Chapter 14)   Question 1   Horizontal analysis evaluates a series of financial statement data over a period of time Question 2   Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 20..
$5.00

This Tutorial was purchased 1 times & rated A+ by student like you.

ACC 560 Week 10 Quiz (Chapter 13) Question 1   Indicate where the event purchase of land and a building with a mortgage would appear, if at all, on the indirect statement of cash flows. Question 2   Generally, the most important category on the statement of cash ..
$5.00

This Tutorial was purchased 4 times & rated B+ by student like you.

ACC 560 Week 8 Quiz 6 (Chapter 11) Question 1   If actual direct materials costs are greater than standard direct materials costs, it means that Question 2   The standard direct materials quantity does not include allowances for Question 3   Marb..
$5.00

This Tutorial was purchased 6 times & rated No rating by student like you.

ACC 560 Week 7 Quiz 5 (Chapter 9 and Chapter 10) Question 1   The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning and desired ending finished goods units, respectively?   Question 2  ..
$5.00

This Tutorial was purchased 6 times & rated No rating by student like you.

ACC 560 Week 6 Quiz 4 (Chapters 7 and 8)   Question 1   In March 2016, Wheels ‘N Spokes repairs a bicycle that takes two hours to repair and uses parts of $240. The bill for this repair would be   Question 2 In cost-plus pricing, the target selling price..
$5.00

This Tutorial was purchased 5 times & rated A+ by student like you.

ACC 560 Week 5 Quiz 3 (Chapters 5 and 6) Question 1   A company with a higher contribution margin ratio is Question 2   The contribution margin ratio is Question 3   In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $4..
$5.00

This Tutorial was purchased 4 times & rated B+ by student like you.

ACC 560 Week 4 Quiz 2 (Chapter 4)   Question 1 Reynoso Corporation manufactures titanium and aluminum tennis racquets. Reynoso’s total overhead costs consist of assembly costs and inspection costs. The following information is available: Cost Titanium Aluminum Total Cost Asse..
$5.00

This Tutorial was purchased 5 times & rated A+ by student like you.

ACC 560 Week 2 Quiz 1 (Chapter 1) Question 1   A manufacturing company calculates cost of goods sold as follows: Question 2   Dolan Company's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $310,000 $2..
$8.00

This Tutorial was purchased 10 times & rated A+ by student like you.

ACC 560 Week 10 Homework Chapter 14 (E14-4, E14-7, E14-11)   Chapter 14: Financial Statement Analysis   ACC 560 Week 10 Chapter 14 Exercises 4, 7, and 11 E14-4 The comparative condensed income statements of Emley Corporation are shown below. EMLEY CORPORATION ..
$8.00

This Tutorial was purchased 17 times & rated No rating by student like you.

ACC 560 Week 9 Homework Chapter 13 (E13-4, E13-6, E13-7 and P13-1A)   Chapter 13: Statement of Cash Flows   ACC 560 Week 9 Chapter 13 Exercises 4, 6, and 7; Problem 1 E13-4  Gutierrez Company reported net income of $225,000 for 2017. Gutierrez also reported de..
$8.00

This Tutorial was purchased 9 times & rated B+ by student like you.

ACC 560 Week 8 Homework Chapter 12 (E12-3, E12-5, E12-8) Chapter 12: Planning for Capital Investments E12-3  Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased five years ago ..
$8.00

This Tutorial was purchased 10 times & rated A+ by student like you.

ACC 560 Week 7 Homework Chapter 11 (E11-3, E11-6, E11-12, P11-2A)   Chapter 11: Standard Costs and Balanced Scorecard   E11-3  Stefani Company has gathered the following information about its product. Direct materials. Each unit of product contains 4.5 pounds of m..
$8.00

This Tutorial was purchased 10 times & rated No rating by student like you.

ACC 560 Week 6 Homework Chapter 9 and Chapter 10 (E9-3, E9-8, E9-15, P9-5A, E10-3, E10-5, E10-17, P10-5A)   Chapter 9: Budgetary Planning and Chapter 10: Budgetary Control and Responsibility Accounting   E9-3 Thome and Crede, CPAs, are preparing their service revenue ..
$8.00

This Tutorial was purchased 5 times & rated No rating by student like you.

ACC 560 Week 5 Homework Chapter 7 and chapter 8 (E7-3, E7-7, E7-11, P7-3A,  E8-2, E8-6, E8-9, P8-5A)   Chapter 7: Incremental Analysis and Chapter 8: Pricing   Chapter 7: Exercises 3, 7, and 11, P7-3A Chapter 8: Exercises 2, 6, and 9, P8-3A E7-3  Moonb..
$8.00

This Tutorial was purchased 9 times & rated B+ by student like you.

ACC 560 Week 4 Homework Chapter 5 and Chapter 6 (E5-6, E5-9, E5-13, E6-2, E6-7, E6-12)     Chapter 5: Cost-Volume-Profit and Chapter 6: CVP Analysis Additional Issues   ACC 560 Week 4 Chapter 5: Exercises 6, 9, and 13; Problem 2; Chapter 6: Exercises 2, 7, and 12; &nb..
$8.00

This Tutorial was purchased 10 times & rated A+ by student like you.

ACC 560 Week 3 Homework Chapter 4 (BE 4-7, BE 4-12, E4-1, E4-6, E4-14)   Chapter 4: Activity-Based Costing   ACC 560 WEEK 3 Chapter 4 Brief Exercises 7 and 12; Exercises 1, 6, and 14 BE4-7 Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based ..
$8.00

This Tutorial was purchased 13 times & rated A+ by student like you.

ACC 560 Week 2 Homework Chapter 2 and Chapter 3 (E2-5, E2-7, E2-13, P2-4A, E3-3, E3-7, E3-8, E3-2A)   Chapter 2: Job Order Costing and Chapter 3: Process Costing   E2-5 Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead ..
$8.00

This Tutorial was purchased 14 times & rated No rating by student like you.

ACC 560 Week 1 Homework Chapter 1 (E1-5, E1-9, E1-10 and E1-2A)   E1-5 E1-5 Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows. 1. Property taxes on the factory building. 2. Production superintenden..
$90.00

This Tutorial was purchased 13 times & rated A+ by student like you.

Please check the details below (details of each Assignment could be checked under each product on our category page)   ACC 560 Week 1 Homework Chapter 1 (E1-5, E1-9, E1-10 and E1-2A) ACC 560 Week 2 Homework Chapter 2 and Chapter 3 (E2-5, E2-7, E2-13, P2-4A, E3-3, E3-7, E3-8, E3-2..
$5.00

This Tutorial was purchased 4 times & rated A+ by student like you.

"The Cost of Complexity" Please respond to the following: ·  Read the article titled, “The Missing Metrics: Managing the Cost of Complexity” l Next, in a globalized economy with many business complexities, speculate the major ways that these complexities might impact a business..
$5.00

This Tutorial was purchased 3 times & rated B+ by student like you.

Time-Driven Activity-Based Costing (ABC)" Please respond to the following: ·  Analyze the major benefits and major weaknesses of traditional Activity-Based Costing (ABC) in determining accurate overhead costs over a time-driven ABC system. Provide a rationale for your response. ..
$5.00

This Tutorial was purchased 2 times & rated B+ by student like you.

"Labor and Materials Costs" Please respond to the following:     Use the Internet and/or Strayer Learning Resource Center to research a U.S.-based company that manufactures technology products. Recommend one (1) approach that your selected company can take in order to lower the dir..
$5.00

This Tutorial was purchased 2 times & rated B+ by student like you.

"Transfer Pricing" Please respond to the following: ·  Read the article titled, “What Manufacturers Need to Know about Transfer Pricing”. Next, assess the major potential problems that a multinational firm could encounter when using negotiated transfer ..
$5.00

This Tutorial was purchased 5 times & rated B+ by student like you.

“Cash Flow Statements and Cash Hoards" Please respond to the following: Apple Inc. and Microsoft Corp. are identified as companies that have accumulated substantial sums of cash. Microsoft and Apple increased dividend payouts and acquired treasury stock to return some of the excess c..
$5.00

This Tutorial was purchased 5 times & rated A+ by student like you.

"Investments in Global Markets" Please respond to the following: Use the Internet and/or Strayer Learning Resource Center to research capital investments in global markets. Next, analyze the main factors that an organization should consider in determining the required rate of return ..
$5.00

This Tutorial was purchased 3 times & rated A+ by student like you.

Week 6 details: Variance Analysis and Balanced Scorecards" Please respond to the following: Use the Internet and/or Strayer Learning Resource Center to research a company that has implemented a balanced scorecard system for evaluating performance. Suggest at least two (2) varian..
$5.00

This Tutorial was purchased 4 times & rated No rating by student like you.

Use the Internet and/or Strayer Learning Resource Center to research folling forecasts as an alternative to budgets. Next, take a position at to whether or not a flexible budget approach dilutes the value of a budget process in the organization. Provide a rationale for your position   ..
Acc560Help © 2017 All Rights Reserved.Powered by:Webzindagi.