The Rogers Company Uses a Standard Cost Accounting System and Estimates

question 32

Essay

The Rogers Company uses a standard cost accounting system and estimates production for the year to be 60,000 units. At this volume, the company's variable overhead costs are $0.50 per direct labor hour.
The company's single product has a standard cost of $30.00 per unit. Included in the $30.00 is $13.20 for direct materials (3 yards) and $12.00 of direct labor (2 hours). Production information for the month of March follows:
$$\begin{array} { l r } \text { Nurnber of units produced } & 6,000 \\\text { Materials purchased (18,500yards) } & \$ 88,800 \\\text { Materials used in production (yards) } & 18,500 \\\text { Direct labor cost incured (\$6.50/hour) } & \$ 75,400\end{array}$$
Required:
(Be sure to indicate whether the variances are favorable or unfavorable and show your work.)
a. Compute the direct material price variance.
b. Compute the direct material efficiency variance.
c. Compute the direct labor price (rate) variance.
d. Compute the direct labor efficiency variance.

Interpret lab test results to identify signs of excessive substance use.

Learn various intervention strategies for substance-use disorders.

Understand the FDA-approved medications for treating substance-use disorders.

Advocate for tailored and effective substance-use disorder treatments for different populations, including women.

---

Definitions:

Reward Center

Brain structures involved in the process of recognizing and motivating rewarding stimuli, influencing behavior.

Neurotransmitters

Chemicals in the nervous system that transmit signals across a synapse from one neuron to another.

Withdrawal Symptoms

Physical or psychological symptoms that occur after reducing or stopping the intake of a substance that the body has become dependent on.

Opponent-Process

A theory that explains emotional contrasts, suggesting that every primary emotional state has an opposite secondary state that emerges after the primary state ends.