- Autosave File Pe Franas 20 Page Layout Fr A1 A B C D E 1 Legi Ying 2 5590 3 4 5 10 11 How Many Lamps Were Completed 12 1 (47.6 KiB) Viewed 48 times
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AutoSave off File Home A1 6.0 Insert Draw P Page Layout Formulas A B C D 1 Legi Ying 2 5590 3 4 5 6 Note: Show favorable variances as negative numbers 12 13 14 15 16 22 23 24 What was the variable overhead efficiency variance? 25 26 32 33 34 What was the variable OH spending variance? 35 36 42 43 44 45 46 52 53 54 What is the foxed OH volume (denominator) variance? 55 62 63 64 65 66 72 What is the fixed OH spending variance? 73 74 75 76 82 83 84 DE 6 Seled destination and press ENTER or choose Paste 16 Type here to search 10 11 G O LY5314. Saved. 12 Data Review H 13 14 13 View 16 Search (Alt-CQ) Help (16.01) (16.02) (1603) (16.04) 18 Present Value Table
H 54 17 15 Big Al gives his worker's a one hour lunch and two fifteen minute breaks each day. He believes that a cold soda machine would be appreciated by his workers, and an appreciated worker is a good worker. He has priced a machine at a national member only warehouse for $1,850. The machine should be 16 usable for 3 years, after which it would be inefficient, obsolete and would have to be disposed of at the 25 dump. Big Al believes that 12 cans a dag vill be purchased. The plant is open five days a week, 50 26 weeks per gear. A case of soda (24 cans) costs $6.48 and Big Al believes that a price of $.60 per 27 can would win him good will What is the estimated annual sales in cans of soda? What is the contribution margin per can of soda? [rounded to two places, S 40 47 48 50 51 How mang cans of soda must be sold each year to break even? (Round up to zero places, cans) 56 59 60 61 62 63 Annual incremental cash inflows from the soda machine? (rounded to two places, s 70 72 82 What is the payback period in years? (rounded to two places, ###years) 82 33 94 195 102 100 the time value of mones is 12% per gear what is the net present value? Use the tables on page 18 104 105 106 107 100 179 INO 111 What is the eternal rate of return Pick the closest interest rate from the tables on page 18 112 113 114 115 110 80 81 117 130 119 120 124 (17.01 (17.02) (17.03) (17.04) (17.05) (17.06) (17.07)
152 B C D E G H 3 9 Standard Job Order Costing - Variance Analysis 10 11: 12 16 17 18 Special order lamps are manufactured in division S. Because of the precise nature of the process a 19 standard cost system has been developed. The following standards are used for the special orders: 20 24 25 26 Standards 27 Lamp Kits $16.000000 per lamp 28 Direct Labor 32 Variable Overhead 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp 33 **Fixed Overhead 34 Total $28.650000 35 36 **Fixed overhead is based on expected production of 4,012 customized lamps each month. 40 41 To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries 42 are made to the Job Order System at actual cost (overhead is applied based on actual labor hours) 43 while entries are made to the accounting system at standard. Variance analysis is used to analyze the 44 differences. 48 49 50 51 Job Order Costing Section 1 52 56 On January 1, 20x2. Division S began Job 1101 for the Client, THE BIG CHILDREN STORE. The 57 job called for 4,000 customized lamps. The following set of transactions occurred from 58 January 5 until the job was completed: 59 60 64 65 5-Jan Purchased 4,100 Lamp Kits @ $16.75 per kit. 9 Jan 4,150 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 600 Direct Labor Hours @ $9.40 per hour. 30-Jan Payroll of 650 Direct Labor Hours @ $9.65 per hour. 67 68 30-Jan 3,988 lamps were completed and shipped. All materials requisitioned were used or scrapped. 72 73 ZA A 5 7 9 10 11 12 13 14 15 16 17 Seled destination and press ENTER or choose Patte E Type here to search 66 A F F 18 Pre-