Questions from Managerial Accounting

Q: Wayne Pittman Inc. makes ice cream that it sells in 5

Wayne Pittman Inc. makes ice cream that it sells in 5-gallon containers to retail ice cream parlors. During Year 2, the company planned to make 100,000 containers of ice cream. It actually produced 97...

Q: Monroe Manufacturing Company incurred an unfavorable labor price variance. Required

Monroe Manufacturing Company incurred an unfavorable labor price variance. Required 1. Describe a scenario in which the personnel manager is responsible for the unfavorable price variance. 2. Describe...

Q: Sparta Landscaping Company established the following standard labor cost data to provide

Sparta Landscaping Company established the following standard labor cost data to provide complete lawn care service (cutting, edging, trimming, and blowing) for a small lawn. Sparta planned each lawn...

Q: Fashion Hair is a hair salon. It planned to provide 240

Fashion Hair is a hair salon. It planned to provide 240 hair color treatments during December. Each treatment was planned to require 0.6 hour of labor at the standard labor price of $25.00 per hour. T...

Q: Brisco Manufacturing Company established a predetermined variable overhead cost rate of $

Brisco Manufacturing Company established a predetermined variable overhead cost rate of $12.00 per direct labor hour. The actual variable overhead cost rate was $11.40 per direct labor hour. Brisco pl...

Q: Higbee Manufacturing Company established a predetermined fixed overhead cost rate of $

Higbee Manufacturing Company established a predetermined fixed overhead cost rate of $80 per unit of product. The company planned to make 19,000 units of product but actually produced 20,000 units. Ac...

Q: Indicate whether each of the following variances is favorable (F)

Indicate whether each of the following variances is favorable (F) or unfavorable (U). The first one has been done as an example.

Q: Compute variances for the following items and indicate whether each variance is

Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U).

Q: Use the information provided in Exercise 8-1B. 1

Use the information provided in Exercise 8-1B. 1. Determine the sales and variable cost volume variances. 2. Classify the variances as favorable or unfavorable. 3. Comment on the usefulness of the var...

Q: Use the standard price and cost data provided in Exercise 8-

Use the standard price and cost data provided in Exercise 8-1B. Assume the actual sales price was $14.75 per unit and the actual variable cost was $6.80 per unit. The actual fixed manufacturing cost w...