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Tranter inc is considering a project

20/03/2021 Client: saad24vbs Deadline: 2 Day

1) Silmon Corporation makes a product with the following standard costs:

Inputs

Standard Quantity or Hours

Standard Price or Rate

Direct materials

6.0

grams

$

9.00

per gram

Direct labor

0.5

hours

$

16.00

per hour

Variable overhead

0.5

hours

$

3.00

per hour

In June the company produced 5,300 units using 32,530 grams of the direct material and 2,690 direct labor-hours. During the month the company purchased 25,200 grams of the direct material at a price of $8.80 per gram. The actual direct labor rate was $16.60 per hour and the actual variable overhead rate was $2.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours.

Required:

Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase: (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). Omit the "$" sign in your response.)

(Choices: F, U, None)

a.

Direct materials quantity variance

$

b.

Direct materials price variance

$

c.

Direct labor efficiency variance

$

e.

Direct labor rate variance

$

d.

Variable overhead efficiency variance

$

f.

Variable overhead rate variance

$

2) Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,826,400, net operating income of $2,835,342, and average operating assets of $9,164,000. The company's minimum required rate of return is 19%.

Required:

a.

What is the division's margin? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Margin

%

b.

What is the division's turnover? (Round your answer to 2 decimal places.)

Turnover

c.

What is the division's return on investment (ROI)? (Round you intermediate calculations and final answers to 2 decimal places. Omit the "%" sign in your response.)

Return on investment

%

3)

Nutall Corporation is considering dropping product N28X. Data from the company's accounting system appear below:

Sales

$

660,000

Variable expense

$

285,000

Fixed manufacturing expenses

$

244,000

Fixed selling and administrative expense

$

192,000

All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $195,500 of the fixed manufacturing expenses and $110,500 of the fixed selling and administrative expenses are avoidable if product N28X is discontinued.

Required:

a.

According to the company's accounting system, what is the net operating income earned by product N28X? (Input the amount as a positive value. Omit the "$" sign in your response.)

Net operating loss/income?

$

b-1.

What would be the effect on the company's overall net operating income of dropping product N28X? (Input the amount as a positive value. Omit the "$" sign in your response.)

Net operating income would be (increase/decrease?) by $ .

b-2.

Should the product be dropped?

No

Yes

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6 writers have sent their proposals to do this homework:

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