Category > AccountingPosted 20 Dec 2017My Price10.00
Round all ²TOTAL VARIANCES
hello, can these six practice problems be completed please
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Problem 1 - 20 PointsStandard and Actual numbers have been provided for Direct Material, Direct Labor and Fixed MO, Variable MO. Calculate all variances indicated and also idenTfy each variance as either Favorable (F) or Unfavorable (U).Standard numbers provided are for 1 unit of ±nal product manufactured. Round all ²O²AL VARIANCESto the nearest dollar for analysis purposes.Problem #2 - 15 Points:You have been given the sales for a series of months. ²he collecTon pa³ern is at the bo³om and indicates 40% collected in the month of the sales, 30% in the next month and the remaining 25% in the third month. UncollecTble amounts are 5% of total monthly sales and ignored. Calculate the amount of cash collecTons in the Third Quarter.²he columns represent the amounts that will be collected in that parTcular month.²he rows represent the distribuTon of cash collecTons over the collecTon pa³ern months, related to the sales in the month listed on each row.Problem #3 - 20 Points:Calculate the cash ´ow budget for Empire Enterprises for the 2016 year, on a quarterly basis. All revenue and expense items have been provided. Complete all necessary calculaTons for the cash budget.²he minimum cash ending balance for each quarter is $50,000. You have a total line of credit available in the amount of $300,000. Interest per quarteris 3% calculated on a simple interest basis and paid only when principal on the loan is repaid, i.e. interest is not accrued. All borrowings are considered to occur on the ±rst day of a quarter. All repayments are considered to occur on the last day of a quarter.All borrowings/repayments are in increments of $1,000, except for a total payoµ where the exact amount is paid. Beginning cash balance on January 1, 2016 will be $70,000.Problem #4 - 15 Points:Jeµerson Digital DiagnosTcs Products started their annual budget process. You are developing the ProducTon Budget forthe 4th quarter of 2016. ²he monthly sales budgets are given in units. ²he ending inventory of units has been provided for September. Management desires an ending inventory of 20% of the next month’s sales units---raw material supplies from vendors are Tght due to insu¶cient producTon capacity in suppliers’ network. Calculate the producTon budget for the 4thQuarter, by month and total.Problem #5 - 15 Points:Bubbly Brew is specialty beer producer. Beer is produced by the keg. Each keg requires 0.25 DLH to produce. Kegs produced are given. ²he base DL pay is $10/hour for hours worked. A 10% pay increase will go into eµect April 1. ²here is no minimum payment for labor cost. Employees receive a 50% overTme premium on base hourly wage rate for all overTme hours worked. Contract
