Assume the following: The standard labor rate is $8.50 per…

Assume the following: The standard labor rate is $8.50 per hour. The standard quantity of labor allowed per unit is 4 hours. The company paid $342,000 for 38,000 hours of labor. The company actually produced 10,000 units of finished goods during the period. What is the labor efficiency variance?

Hotel  X bases its budgets on guest-days. The hotel’s static…

Hotel  X bases its budgets on guest-days. The hotel’s static budget for August appears below: The budgeted number of guest-days   4,300 Budgeted variable costs:     Supplies (@$9.60 per guest-day) $ 41,280 Laundry (@$9.40 per guest-day)   40,420 Total variable cost   81,700 Budgeted fixed costs:     Wages and salaries   57,190 Occupancy costs   52,030 Total fixed cost   109,220 Total cost $ 190,920     The total fixed cost at the activity level of 5,500 guest-days per month should be:    

The following labor standards have been established for a pa…

The following labor standards have been established for a particular product:   Standard labor-hours per unit of output   8.7 hours Standard labor rate $ 18.10 per hour ​ The following data pertain to operations concerning the product for the last month:   Actual hours worked   3,800 hours Actual total labor cost $ 67,640   Actual output   500 units ​ What is the labor efficiency variance for the month?  

Assume the following information for a company that produced…

Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations:    Per Unit   Per Year   Selling price   $ 200             Direct materials   $ 77             Direct labor   $ 50             Variable manufacturing overhead   $ 10             Sales commission   $ 8             Fixed manufacturing overhead           $ 300,000     Using variable costing, what is the company’s net operating income?

Assume a company manufactures many products, one of which no…

Assume a company manufactures many products, one of which normally sells for $48 per unit. The company’s accounting system reports the following unit product cost for this product:    Per Unit Direct materials   $ 18   Direct labor     12   Manufacturing overhead     10   Total cost   $ 40   The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder of its overhead is fixed and unaffected by the volume of units produced within the relevant range.A customer has approached the company with an offer to buy 300 units of a customized version of the product mentioned above for $42. The company can fulfill this order using the existing manufacturing capacity. To accommodate the customer’s desired product design, the company would incur additional direct materials cost per unit of $3. It would also have to buy a special tool for $520 that has no other use or resale value after the special order is completed. Assuming that accepting this order will not have any effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the special order?