Entries by Hannah Wangui

Sales, Production

March 13, 2020 in /by

Sales, Production, Direct Materials Purchases, and Direct Labor Cost Budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for July is summarized as follows: a. Estimated sales for July by sales territory: Maine: Backyard Chef […]

 

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PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles

March 13, 2020 in /by

PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Sales price Mountain Monster         $5,400.00 Desert Dragon                  $5,300.00 Variable cost of goods sold Mountain Monster         3,255.00 […]

 

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Standard Product Cost, Direct Materials

March 13, 2020 in /by

Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards:   Standard Quantity Standard Price Whole tomatoes 2,500 lbs. $ 0.44 per lb. Vinegar 140 gal. $ 2.70 per gal. Corn syrup 12 gal. $ 9.80 per gal. […]

 

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Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante.

March 13, 2020 in /by

Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI of $133,895. The couple paid $8,760 of tuition and $4,980 for room and board for Dante, a fulltime first-year student at Serene College. For 2017, Paola and Isidora may claim an American Opportunity […]

 

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