Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Hospitable co. provides the following sales forecast for the next four months:

19/11/2020 Client: arwaabdullah Deadline: 3 days

1. Grace sells miniature digital cameras for $250 each. 1,000 units were sold in May, and it forecasts 4% growth in unit sales each month.

(a) Determine the number of camera sales for the month of June.
(b)
Determine the dollar amount of camera sales for the month of June.

2.

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 138,300 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 461,000 units; third quarter, 339,000 units; and fourth quarter, 448,500 units. Company policy calls for the ending finished goods inventory of a quarter to equal 30% of the next quarter's budgeted sales. (Ending inventory for the first quarter does not comply with company policy.)

Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture.

3.

Hospitable Co. provides the following sales forecast for the next four months:

April May June July
Sales (units) 580 660 610 610

The company wants to end each month with ending finished goods inventory equal to 20% of next month’s sales. Finished goods inventory on April 1 is 116 units. Assume July’s budgeted production is 620 units. Assume each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month’s production needs. Beginning raw materials inventory for April was 1,192 pounds.

Prepare a direct materials budget for April, May, and June.


4.

Rad Co. provides the following sales forecast and production budget for the next four months:

April May June July
Sales (units) 670 750 700 770
Budgeted production (units) 610 740 710 710

The company plans for finished goods inventory of 290 units at the end of June. In addition, each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month’s production needs. Beginning raw materials inventory for April was 610 pounds. Each finished unit requires 0.50 hours of direct labor at the rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct labor hour and budgets fixed overhead of $9,700 per month.

1. Prepare a direct labor budget
2. Prepare a factory overhead budget.

5.

Gelato Supremo is a popular neighborhood gelato shop. The company has provided the following data concerning its operations:

Fixed
Element
per Month Variable
Element
per Liter Actual
Total for
July
Revenue $ 13.60 $ 73,940
Raw materials $ 4.50 $ 25,340
Wages $ 4,500 $ 1.10 $ 10,770
Utilities $ 1,860 $ 0.10 $ 2,255
Rent $ 3,190 $ 3,190
Insurance $ 1,940 $ 1,940
Miscellaneous $ 530 $ 0.10 $ 1,167

While gelato is sold by the cone or cup, the shop measures its activity in terms of the total number of liters of gelato sold. For example, wages should be $4,500 plus $1.10 per liter of gelato sold, and the actual wages for July were $10,770. Gelato Supremo expected to sell 5,300 liters in July, but actually sold 5,200 liters.

Required:
Prepare a report showing Gelato Supremo revenue and spending variances for July. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Gelato Supremo
Revenue and Spending Variances
For the Month Ended July 31
Flexible
Budget Actual
Results Revenue and Spending
Variances
Revenue $


Expenses:
Raw materials
Wages
Utilities
Rent
Insurance
Miscellaneous


Total expense


Net operating income $

6.

Harmon Household Products, Inc., manufactures a number of consumer items for general household use. One of these products, a chopping board, requires an expensive hardwood. During a recent month, the company manufactured 4,000 chopping boards using 2,880 board feet of hardwood. The hardwood cost the company $19,008.

The company’s standards for one chopping board are 0.62 board feet of hardwood, at a cost of $7.00 per board foot.

Required:
1a.
According to the standards, what cost for wood should have been incurred to make 4,000 chopping blocks?

Total standard cost $

2.
Break down the difference computed in (1) above into a materials quantity variance and a materials price variance.(Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)


Materials quantity variance $
Materials price variance $

7.

AirMeals, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is stuffed cannelloni with roasted pepper sauce, fresh baby corn, and spring salad. During the most recent week, the company prepared 14,000 of these meals using 2,760 direct labor-hours. The company paid these direct labor workers a total of $27,186 for this work, or $9.85 per hour.

According to the standard cost card for this meal, it should require 0.20 direct labor-hours at a cost of $9.60 per hour.

Required:
1a.
According to the standards, what direct labor cost should have been incurred to prepare 14,000 meals?

Total standard direct labor cost $

2.
Break down the difference computed in (1) above into a labor efficiency variance and a labor rate variance. (Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)


Labor efficiency variance $
Labor rate variance $

8.

World Company expects to operate at 80% of its productive capacity of 61,250 units per month. At this planned level, the company expects to use 29,400 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 80% capacity level, the total budgeted cost includes $47,040 fixed overhead cost and $355,740 variable overhead cost. In the current month, the company incurred $390,000 actual overhead and 26,400 actual labor hours while producing 46,000 units.

(1)
Compute the overhead volume variance. (Round all your intermediate calculations to 2 decimal places.)

(2)
Compute the overhead controllable variance.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Custom Coursework Service
Finance Homework Help
Instant Assignments
Calculation Guru
Quality Homework Helper
Buy Coursework Help
Writer Writer Name Offer Chat
Custom Coursework Service

ONLINE

Custom Coursework Service

Hey, Hope you are doing great :) I have read your project description. I am a high qualified writer. I will surely assist you in writing paper in which i will be explaining and analyzing the formulation and implementation of the strategy of Nestle. I will cover all the points which you have mentioned in your project details. I have a clear idea of what you are looking for. The work will be done according to your expectations. I will provide you Turnitin report as well to check the similarity. I am familiar with APA, MLA, Harvard, Chicago and Turabian referencing styles. I have more than 5 years’ experience in technical and academic writing. Please message me to discuss further details. I will be glad to assist you out.

$70 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I have a Master’s degree and experience of more than 5 years in this industry, I have worked on several similar projects of Research writing, Academic writing & Business writing and can deliver A+ quality writing even to Short Deadlines. I have successfully completed more than 2100+ projects on different websites for respective clients. I can generally write 10-15 pages daily. I am interested to hear more about the project and about the subject matter of the writing. I will deliver Premium quality work without Plagiarism at less price and time. Get quality work by awarding this project to me, I look forward to getting started for you as soon as possible. Thanks!

$70 Chat With Writer
Instant Assignments

ONLINE

Instant Assignments

Hey, I can write about your given topic according to the provided requirements. I have a few more questions to ask as if there is any specific instructions or deadline issue. I have already completed more than 250 academic papers, articles, and technical articles. I can provide you samples. I believe my capabilities would be perfect for your project. I can finish this job within the necessary interval. I have four years of experience in this field. If you want to give me the project I had be very happy to discuss this further and get started for you as soon as possible.

$70 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

I see that your standard of work is to get content for articles. Well, you are in the right place because I am a professional content writer holding a PhD. in English, as well as having immense experience in writing articles for a vast variety of niches and category such as newest trends, health issues, entertainment, technology, etc and I will make sure your article has all the key pointers and relevant information, Pros, Cons and basically all the information that a perfect article needs with good research. Your article is guaranteed to be appealing, attractive, engaging, original and passed through Copyscape for the audience so once they start reading they keep asking for more and stay interested.

$70 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

Hi dear, I am ready to do your homework in a reasonable price.

$77 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$77 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Organ leader & Decision making - History 1302 - Relevance theory applications and implications - Why our campuses are not safer without concealed handguns - Cow wow case study - Two butterflies went out at noon analysis - Help 2 - 12 bar blues composition project - Fair trading major defect - The condition of education 2020 - Fiona dolman new tricks - Omar cheese pty ltd - Public relations writing strategies & structures 11th edition pdf - Match the terms below with their correct definitions - Unit 6 Journal - Sap solution manager test suite training - Xcally motion bar - Designer For Women Snapback Caps Online? - Brosnan mustang mk7 package review - Characteristics of jersey fabric - Intermediate Macroeconomics - Research assignment-6 - Humanistic and existential personality theories worksheet answers - They say i say price - Cpt code symbols - Stance essay - Uni hosiery co inc pakistan - Telegrams tremble like leaves from a wintering tree - Discussion - I need 500 words on instruction. - Which of the following describes an outbound telesales agent - Starfax inc manufactures a small part - Audit of liabilities problems and solutions - Summary Response Essay- cultural diversity - Nuts and bolts datastage scenarios - Entropy change in isobaric process - What are verb groups - Unsw citrix server address - Experiment 8 pre laboratory assignment limiting reactant answers - Theory - Case study on yahoo - Case Study paper - Unit 8.1 DB: Do I conform? - Www exploratorium edu memory index html - Nasw code of ethics 2018 apa citation - Pain, caused by placing skewers through the skin, characterizes the cheyenne sun dance. - Romeo and juliet spoof - Watch Movie/Read Article. Write Essay. - Some consequence yet hanging in the stars - Wk 4 - Apply: Controls, Protocols, and Threats - Australian financial review advertising rates - Three informal channels of communication - Which instrument derives its name from the italian word meaning "loud-soft"? - Different persuasive language techniques - Stat 200 Exam - Franklin equipment ltd case study answers - Wilmar grower web portal - What do the numbers on binoculars mean - Create a kahoot login - Ethical issues in forensic psychology ppt - Safe work methods statement - Substitution property of congruence - Psych - Personal finance jeff madura 5th edition answers - The bible and the gun - Human resource quiz - Marketing practice - Discussion - Introduction to Data Mining - One gallon of paint covers square feet - Mere christianity summary pdf - Facebook inc the initial public offering case study - Discussion post in regards to research methods experience from a student point of view. - Statistics for Business - Receptor Activity and Receptor Superfamilies - Chemistry data booklet vcaa - Nursing care hours per patient day calculator - Actress fisher whose name is an anagram of lisa - Given that mc005-1.jpg, what is the value of mc005-2.jpg? - Beyond bumper sticker ethics cliff notes - Open university assignment grading - Matrix of knowledge - Homelux bath seal pro - The outsiders bob's death newspaper - Fin 370 week 2 myfinancelab - What can people do to reduce their own carbon emissions? - Why does morrie want to be cremated - Assignment Due 10/05/2020 APA Format!!!! - Zen Buddhism - Gsu panther id lookup - George vs george text - Marketing textbook mcgraw hill - Firms use defensive tactics to fight off undesired mergers. these tactics do not include - Chapter mystery out of thin air 21st century learning answers - Bds monitored radio stations - Comparative cost analysis template - Kiss me darling one more time lyrics - Organ Leader & Decision Making - What Makes a Good Writing Assignment? - Ross high school tranent