Questions from Managerial Accounting

Q: Oliver Company provided the following information for the coming year:

Oliver Company provided the following information for the coming year: Units produced and sold ……………………………………………………………. 160,000 Cost of goods sold per unit …………………………………………………………… $ 6.30 Selling pric...

Q: La Famiglia Pizzeria provided the following information for the month of October

La Famiglia Pizzeria provided the following information for the month of October: a. Sales are budgeted to be $157,000. About 85% of sales are cash; the remainder are on account. b. La Famiglia expect...

Q: Lata Inc. produces aluminum cans. Production of 12-ounce

Lata Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.5 ounces of aluminum per can. During the month of April, 300,000 cans were produced using 1,250,000 ounc...

Q: Frasco Inc. produces plastic bottles. Each bottle has a standard

Frasco Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 750,000 bottles were produced using 21,000 labor hours @ $10.00. The stand...

Q: Bowling Company budgeted the following amounts: Variable costs of

Bowling Company budgeted the following amounts: Variable costs of production: Direct materials …… 3 pounds @ $0.60 per pound Direct labor ………………. 0.5 hr. @ $16.00 per hour VOH ………………………………………… 0.5 hr...

Q: Aretha Company showed the following information for the year:

Aretha Company showed the following information for the year: Standard variable overhead rate (SVOR) per direct labor hour …..………………. $3.70 Standard hours (SH) allowed per unit …………………………………………………………...

Q: Gladys Company provided the following information: Standard variable overhead

Gladys Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour …..…………. $3.70 Actual variable overhead rate (AVOR) per direct labor hour ………………….. $3....

Q: Ross Company provided the following data: Standard fixed overhead

Ross Company provided the following data: Standard fixed overhead rate (SFOR) …………….….. $5 per direct labor hour Actual fixed overhead costs ………………………………..…………………. $281,680 Standard hours allowed per...

Q: Marvelettes Company provided the following information: Standard fixed overhead

Marvelettes Company provided the following information: Standard fixed overhead rate (SFOR) per direct labor hour …………. $5.00 Actual fixed overhead rate (AFOR) per direct labor hour …………….. $5.03 Act...

Q: Jarend Company provided information on the following four overhead activities.

Jarend Company provided information on the following four overhead activities. Jarend has found that the following driver levels are associated with two different levels of production. Required: P...