Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

Q1) Barberry, Inc., produces a product called Fruta. Company utilizes standard cost system and has established following standards for one unit of Fruta:


Standard Quantity Standard Price or Rate Standard Cost
Direct materials 1.5 pounds $6.00 per pound $9.00
Direct Labor 0.6 hours $12.00 per hour 7.20
Variable manufacturing overhead 0.6 hours $2.503 per hour 1.50





$17.70

During June, company recorded this activity relative to production of Fruta:

a. Company produced 3,000 units during June.

b. Total of 8,000 pounds of material were bought at a cost of $46,000.

c. There was a no beginnign inventory of materials; though, at the end of month, 2,000 pounds of material remainded in ending inventory.

d. Company employs 10 persons to work on production of Fruta. In June, each worked average of 160 hours at an average rate of $12.50 per hour.

e. Variable manufacturing overhead is allocated to Fruta on the basis of direct labor-hours. Variable producing overhead costs during June totaled $3,600.

Company's management is anxious to find out the efficeincy of Fruta production activities.

For direct materials utilized in production of Fruta:

In past, 10 persons employed in production of Fruta consisted of 4 senior workers and 6 assistants. In June, company experimented with 5 senior workers and 5 assistants. Would you suggest that new labor mix be continued? Describe.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M918756

Have any Question? 


Related Questions in Accounting Basics

Question 1important multiple-choice questions are to be

Question 1 Important: Multiple-choice questions are to be completed within the Online Learning Environment in your TX2 Assignment Submission section. This portion of the assignment will be automatically graded. Do not in ...

Early morning on a bright day in mid-january 2009 james d

Early morning on a bright day in mid-January 2009, James D. White, CEO of Jamba Juice, was driving down highway 580 headed to Jamba Juice's Emeryville, California, headquarters. Unfortunately, today, White could not enjo ...

Assignment intermediate accountinginstructionsbulluse the

Assignment: Intermediate Accounting Instructions: • Use the answer sheet provided. • For the multiple choice answers, use upper case letters. • Only submit you answer sheet in the Assignment Folder NLT No late examinatio ...

Assignmentas the accounting period comes to an end you will

Assignment As the accounting period comes to an end, you will prepare the adjusting and closing entries, as well as prepare the financial statements for Marabelle's Craft 'n Shop. Please use this template to complete you ...

1 many firms are relying on cloud computing also known as

1. Many firms are relying on cloud computing, also known as "the cloud," to perform key business functions. By moving transactional processing to the cloud, firms are exposing themselves to additional attacks as well as ...

Assignmentaccounting is the study of how businesses track

Assignment Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. ...

Assignmentsec 10k link Assignment SEC 10K Link:

Assignment SEC 10K Link: https://www.sec.gov/Archives/edgar/data/908255/000090825516000077/a10k12312015.htm Position: 358 Income Statement: 53 Balance Sheet: 52 Statement of Stockholders Equity: 56 Statement of Cash Flow ...

Accounting discussion questionsdq1review the provisions of

ACCOUNTING DISCUSSION QUESTIONS DQ1 Review the provisions of the Sarbanes-Oxley Act of 2002 to address the accounting scandals in the late 1990s and early 2000s (Enron, WorldCom, etc.). Identify the provisions that you b ...

How do finance and accounting play a role in ethics and

How do finance and accounting play a role in ethics and sustainable positive social change? How might you use accounting or finance to support this role that you described above?

Assessment one - business research report proposal initial

Assessment One - Business Research Report Proposal: Initial Research Proposal The initial research proposal will consist of the following SIX (6) items: 1. Identify a business research topic 2. Define the research questi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen