The Following Data for the Alma Company Pertain to the Production

question 121

Essay

The following data for the Alma Company pertain to the production of 1,000 urns during August.Direct Materials (all materials purchased were used):
Standard cost: $6.00 per kilogram.Total actual cost: $5,600.Standard cost allowed for units produced was $6,000.Materials efficiency variance was $120 unfavourable.Direct Manufacturing Labour:
Standard cost is 2 urns per hour at $24.00 per hour.Actual cost per hour was $24.50.Labour efficiency variance was $336 favourable.Required:
a.What is standard direct material cost and quantity per urn?
b.What is the direct material rate variance?
c.What is the total actual cost of direct manufacturing labour?
d.What is the labour rate variance for direct manufacturing labour?

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Definitions:

Binding Problem

The challenge in cognitive science of explaining how different aspects of a sensory experience (like color, shape, and location) are integrated into a cohesive whole in our perception.

Functions

Mathematical entities that assign a single output value for each input value, following specific rules or relationships.

Split-Brain Patients

Individuals who have had the corpus callosum, the connective bridge between the brain's two hemispheres, severed, often as a treatment for severe epilepsy, leading to unique insights into brain function.

Minds

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.