Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 3.00

Sanchez Mfg.

(Conversion cost variances) Sanchez Mfg. budgeted $1,080,000 of variable conversion costs and $360,000 of fixed conversion costs for May 2001. When the budget was developed, Sanchez estimated 72,000 machine hours would be required to make 24,000 units of product. During May, 76,000 machine hours were worked and the firm incurred $1,128,600 of variable conversion costs and $374,000 of fixed conversion costs. Twenty-five thousand units were producedin May.

a. Calculate the four conversion cost variances assuming separation of fixedand variable costs is maintained.

b. Calculate the three conversion cost variances assuming fixed and variable costs are combined.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 10:09 PM My Price 3.00

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