Krane Company Has a Standard Costing System and Keeps All

question 74

Essay

Krane Company has a standard costing system and keeps all its costs up to date.The company's main product is beach towels which are made in a single department.The standard variable costs for one beach towel (unit)are as follows:
$\begin{array}{lr}\text { Direct materials ( } 3 \text { yards at } \$ 1.00 \text { per yard) } & \$ 3.00 \\\text { Direct labor ( } 1 / 2 \text { hour at } \$ 9.00 \text { per hour) } & 4.50 \\\text { Variable overhead ( } 1 / 2 \text { hour } @ \$ 5.00 \text { per direct labor hour) } & 2.50 \\\text { Standard variable cost per unit } & \$ 10.00\end{array}$
The company's normal capacity is 10,000 direct labor hours.Its budgeted fixed overhead costs for the year were $24,000.During the year,it produced and sold 22,000 beach towels and it purchased 66,250 yards of direct materials; the purchase cost was $0.99 per yard.The average labor rate was $9.10 per hour,and 10,900 direct labor hours were worked.The company's actual variable overhead costs for the year were $55,100,and its fixed costs were $24,500.
Using the data given,compute the following using formulas or diagram form:
1.Direct materials cost variances:
a.Direct materials price variance
b.Direct materials quantity variance
c.Total direct materials cost variance
2.Direct labor cost variances:
a.Direct labor rate variance
b.Direct labor efficiency variance
c.Total direct labor cost variance
3.Variable overhead variances:
a.Variable overhead spending variance
b.Variable overhead efficiency variance
c.Total variable overhead variance
4.Fixed overhead variances:
a.Fixed overhead budget variance
b.Fixed overhead volume variance
c.Total fixed overhead variance

Analyze the various perspectives on the moral right to life and personhood.

Know the significant contributions of specific philosophers to the abortion debate.

Comprehend the role of privacy and liberty in the context of abortion rights.

Understand different philosophical arguments regarding the status and treatment of infants.

---

Definitions:

Locus of Control

A psychological concept referring to an individual's belief about the extent of control they have over events in their life.

Androgynous

Exhibiting both masculine and feminine characteristics.

Gestalt Psychologist

A psychologist who studies how people integrate and organize perceptual information into meaningful wholes.

Behaviorist

A psychologist who studies and promotes theories that behavior can be explained through observable actions without the need to consider internal thoughts or feelings.