Entries by mary WAMBUGU

Of the following pairs of variances found in a flexible budget report, which pair is most likely to be related? A. Material price variance and variable overhead efficiency variance.

August 24, 2019 in /by

Of the following pairs of variances found in a flexible budget report, which pair is most likely to be related? A. Material price variance and variable overhead efficiency variance. B Labor rate variance and variable overhead efficiency variance. C .Material usage variance and labor efficiency variance. D. Labor efficiency variance and fixed overhead volume variance.   Looking […]

 

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Ocean City Kite Company manufactures & sells kites for $8.50 each. The variable cost per kite is $3.50 with the current annual sales volume of 50,000 kites.

August 24, 2019 in /by

Ocean City Kite Company manufactures & sells kites for $8.50 each. The variable cost per kite is $3.50 with the current annual sales volume of 50,000 kites. This volume is currently Ocean City Kite’s breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company’s fixed costs. (Round dollar value […]

 

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Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

August 24, 2019 in /by

Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows: Direct material of 6.00 yards at $5.00 per yard Direct labor of 2.50 hours at $18.00 per hour Overhead applied per sleeping bag at $19.00 In the month of April, the company actually produced […]

 

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Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.)

August 24, 2019 in /by

Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.) Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Computer Operations has costs of $115,000 […]

 

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