Entries by mary WAMBUGU

Annapolis Company completes job #601 which has a standard of 560 labor hours at a standard rate of $18.70 per hour.

August 24, 2019 in /by

Annapolis Company completes job #601 which has a standard of 560 labor hours at a standard rate of $18.70 per hour. The job was completed in 630 hours and the average actual labor rate was $18.20 per hour. What is the labor rate variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable […]

 

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Annapolis Company completes job #601 which has a standard of 550 labor hours at a standard rate of $18.20 per hour.

August 24, 2019 in /by

Annapolis Company completes job #601 which has a standard of 550 labor hours at a standard rate of $18.20 per hour. The job was completed in 550 hours and the average actual labor rate was $19.30 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an […]

 

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Ocean City Kite Company sells kites for $10.00 per kite. In FY 2019, total fixed costs are expected to be $190,000 and variable costs are estimated at $3.50 a unit.

August 24, 2019 in /by

Question Ocean City Kite Company sells kites for $10.00 per kite. In FY 2019, total fixed costs are expected to be $190,000 and variable costs are estimated at $3.50 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $65,000. Use this information to determine the number of units of kites […]

 

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Ocean City Kite Company manufactures & sells kites for $7.00 each. The variable cost per kite is $2.50 with the current annual sales volume of 55,000 kites.

August 24, 2019 in /by

Question Ocean City Kite Company manufactures & sells kites for $7.00 each. The variable cost per kite is $2.50 with the current annual sales volume of 55,000 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 […]

 

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