Titan Company uses standard costs to control materials costs…

Titan Company uses standard costs to control materials costs.  The standards call for 3 pounds of materials for each finished unit produced.  The standard cost per pound of materials is $2.00.  During May, 5,000 finished units were manufactured, 10,000 pounds of materials were used.  The price paid for materials was $2.25 per pound.  There were no beginning or ending materials inventories. Required: Determine the flexible budget quantity (SQ) for the manufacture of 5,000 finished units. Compute the material quantity variance. Compute price quantity variance. Compute the total materials variance. Give one possible explanation for the variances computed in requirements 2 and 3.

First Fleet Company is a two-division firm and has the follo…

First Fleet Company is a two-division firm and has the following information available for this year: Common fixed costs $  400,000 Direct fixed costs of Division A 100,000 Direct fixed costs of Division B 200,000 Sales revenue of Division A 600,000 Sales revenue of Division B 900,000 Variable costs of Division A 120,000 Variable costs of Division B 180,000 What is Division A’s division segment margin?

Tod Table Company manufactures tables. The estimated number…

Tod Table Company manufactures tables. The estimated number of table sales for each of the last three months of Year 1 is as follows:Month         Unit SalesOctober         10,000November     14,000December       7,500Finished goods inventory at the end of November was 2,000 units. Desired ending finished goods inventory is equal to 25 percent of the next month’s sales. Tod Table expects to sell the tables for $100 each. January sales for Year 2 are projected at 16,000 tables. How many tables should Tod produce in December?