Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 11.00

Chocolate Company

flexible budgeting and variance analysis

 

I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available:

Standard amount per Case

 

 

dark Chocolate

Light Chocolate

Standard price per pound

Cocoa

12 lbs.

8 lbs.

$7.25

Sugar

Standard labor time

10 lbs.

0.50 hr.

14 lbs.

0.60 hr.

1.40

 

 

dark Chocolate

Light Chocolate

Planned production Standard labor rate

4,700 cases

$15.50 per hr.

11,000 cases

$15.50 per hr.

I Love My Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, I Love My Chocolate Com- pany had the following actual   results:

 

 

 

dark Chocolate

Light Chocolate

Actual  production (cases)

5,000

10,000

 

actual price per pound

actual pounds purchased and used

Cocoa

$7.33

140,300

Sugar

1.35

188,000

 

actual Labor Rate

actual Labor hours used

Dark chocolate

$15.25 per hr.

2,360

Light chocolate

15.80 per hr.

6,120

instructions

1.     Prepare the following variance analyses for both chocolates and the total, based on the actual results and production levels at the end of the budget year:

a.    Direct materials price, quantity, and total variance.

b.   Direct labor rate, time, and total variance.

2.     Why are the standard amounts in part (1) based on the actual production for the year instead of the planned production for the year?

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Aug 2017 09:08 AM My Price 11.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)
Relevent Questions