Posted on 09 November 2011. Tags: Coat, computations, decimal places, direct materials, hr 1, labor time, Liner, lining material, menu, minus sign, negative numbers, Quantity, Standard, time variance, variances
How to do I work this problem out I have been trying to figure it out for sometimes
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Scandia Coat Company makes women’s and men’s coats. Both products require filler and lining material. The following planning information has been made available:
Standard quanity
Woman’s cooats Mean’s Coat’s Standard Price per Unit
Fiber 2.5 lbs 4.0 lbs $1.25
Liner 6.0 yds 8.5 yds 6.50
Standard labor time 0.30 hr 0.45 hr
Planned production 4,500 5,000 units
Standard labor rate $13.40 per hr $14.80
Scandia Coat does not expect there to be any beginning or ending inventories of filler and lining material. At the end of the budget year, Scandia Coat experienced the following actual results
Woman’s coats Men’s coats
Actual Production 4,300 5,500
Actualo price per Unit Actual Quantity Purchased and Used
Filerq $1.15 per lb 31,950
Liner 6.80 72,050
Actual Labor Rate Actual Labor Hours Used
Woman’s Coat $13.25 per hr 1,300
Man’s Coat 15.00 2,425
The expected beginning inventory and desired ending inventory were realized.
1. Prepare the following variance analyses, based on the actual results and production levels at the end of the budget year.
a. Direct materials price variance, direct materials quantity variance, and total variance.
b. Direct labor rate variance, direct labor time variance, and total variance.
Use the minus sign to enter favorable variances as negative numbers. If required, round computations to two decimal places.
Compute the combined material variances for the filler and liner.
a. Direct materials price variance:________________
Direct materials quantity variance: _______________
Total direct materials cost variance: _______________
Compute the combined labor variances for the women’s and men’s coats.
b. Direct labor rate variance: __________________
Direct labor time variance: ___________________
Total direct labor cost variance: _______________
Posted in Affiliate Marketing 101
Posted on 04 October 2011. Tags: chunk, extra cash, jeweler, Metals, ounce, precious metals, scrap, silver, silver scrap, Standard, standard deduction, sterling, sterling silver, thanks in advance, troy ounces
So I’m considering selling some of my old silver scrap lying around for a bit of extra cash, but I don’t want to get ripped off or gouged. I know anyone who buys precious metals go by the market spot price on any given metal so I checked the spot price on silver when the market closed today and it was going for $30.40 per ounce. I know that metal weights are different in that they use troy ounces (31.1 grams) and I did the math and sterling silver is going for $0.98 cents per gram. So I decided to weigh my silver… turns out I have 981.6 grams of sterling silver which adds up to 31.56 troy ounces, which with a little math applied means it’s worth, based on the spot price which I know can change hourly, about $961.95. That’s a nice chunk of change. So now my actual and very important question: how much or what percentage or what cut (however you want to phrase it) do the buyers usually take? It seems to be a closely guarded secret and varies significantly from place to place. I know that the buyer has to pay for the refining if the metal has any extra allowing, like solder, but trying to offer me $40.00 for 6.07 troy ounces of silver (about $185.00) worth of refined sterling silver a few months ago when the spot price was roughly the same seems like an outright blasphemous rip off of more than 50% of it’s worth. I forgot to mention that I’m a jeweler so you can bet I didn’t sell my silver for $40 bucks. Scandalous. What’s the decent industry standard deduction for selling precious metals? Thanks in advance!
Posted in Affiliate Marketing 101
Posted on 26 July 2011. Tags: Affiliated, Allahabad, board, school, Standard
now i want to upgrade my school up to 12th standard well suggest me
Posted in Featured Articles
Posted on 12 August 2010. Tags: [Incentive], Cotton, gauntlet, Machine, Oven, polyester, Standard, ulster weavers
An Ulster Weavers design. Oven gauntlet. Cotton with polyester wadding. Complies to British Standard. Machine washable. Size: 20 x 37 cm.
Our Price
Posted in Affiliate Marketing 101