Answer the following questions using the information below:
Sawyer Industries, Inc. (SII) , developed standard costs for direct material and direct labor. In 2011, SII estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container.
During July, SII produced and sold 5,000 containers using 1,100 pounds of direct materials at an average cost per pound of $24 and 525 direct manufacturing labor hours at an average wage of $14.75 per hour.
-July's direct manufacturing labor efficiency variance is:
Definitions:
Cartilaginous Fish
Fish characterized by having bodies made of cartilage rather than bone, including sharks and rays.
Skeletal Adaptations
Changes in the skeletal structure that occur over time to help an organism better survive in its environment.
Four-Legged Walkers
Animals that use all four limbs to support their movement across a substrate, showcasing a quadrupedal mode of locomotion.
Land Dwellers
Organisms that live predominantly or entirely on land as opposed to in the water or air.
Q3: For variable manufacturing overhead, there is no:<br>A)spending
Q21: July's direct manufacturing labor flexible-budget variance is:<br>A)$375.00
Q22: The flexible-budget amount is:<br>A)$160,000<br>B)$164,000<br>C)$192,000<br>D)$196,800
Q104: July's direct material flexible-budget variance is:<br>A)$1,400 unfavorable<br>B)$21,100
Q106: The explanation that lower-quality materials were purchased
Q117: When machine-hours are used as a cost-allocation
Q140: An unfavorable variable overhead efficiency variance indicates
Q162: Under absorption costing, managers can increase operating
Q170: The fixed overhead efficiency variance is the
Q201: At the end of the accounting period