Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Keystone, LLC, owns a peach processing plant. Last month, the plant generated the following information: peaches processed 60,000 pounds; direct materials, $6,200; direct labor, $12,500; variable overhead, $17,600; and fixed overhead, $15,000. There were no beginning or ending inventories. Average daily pounds processed (25 business days) were 2,400. Average rate of processing was 300 pounds per hour.

At the beginning of the month, Keystone had budgeted costs of peaches, $5,000; direct labor, $10,000; variable overhead, $15,000; and fixed overhead, $14,000. The monthly master budget was based on 50,000 pounds of peaches each month. This means that the plant had been projected to process 2,000 pounds daily at the rate of 250 pounds per hour.

Prepare a performance report for the month of for the peach processing plant. Include a flexible budget and the computation of variances in your report. Indicate whether the variances are favorable (F) or unfavorable (U) to the performance of the plant.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M938608

Have any Question? 


Related Questions in Basic Finance

Meyer amp co expects its ebit to be 75000 every year

Meyer & Co. expects its EBIT to be $75,000 every year forever. The firm can borrow at 12 percent. Meyer currently has no debt, and its cost of equity is 15 percent and the tax rate is 35 percent. The company borrows $152 ...

You are graduating in june and would like to start your own

You are graduating in June and would like to start your own business making wine coolers. You collect the following information on the initial costs: Cost of Plant & Equipment = $ 500000 Licensing & Legal Costs = $ 50000 ...

You purchased an mri scanner two years ago for 20 million

You purchased an MRI scanner two years ago for $2.0 million. The MRI has a 5-year depreciable life with no salvage value. If that same MRI now costs $3.0 million, what would the difference between replacement cost deprec ...

What are the main asset characteristics that pension funds

What are the main asset characteristics that pension funds will consider when selecting their investment portfolios?

Fed response to fiscal policy explain how the feds monetary

Fed Response to Fiscal Policy: Explain how the Fed's monetary policy could depend on the fiscal policy that is implemented.

Your firm sells for cash only but it is thinking of

Your firm sells for cash only; but it is thinking of offering credit, allowing customers 90 days to pay. Customers understand the time value of money, so they would all wait and pay on the 90th day. To carry these receiv ...

Cost of debt and equitythe manager of sensible essentials

Cost of Debt and Equity The manager of Sensible Essentials conducted an excellent seminar explaining debt and equity financing and how firms should analyze their cost of capital. Nevertheless, the guidelines failed to fu ...

Consider a country where the level of excess reserves

Consider a country where the level of excess reserves fluctuates widely and unpredictably. Would such a country be a good candidate for a money growth rule to guide monetary policy? Explain your answer.

1 select one us publicly traded company and review its most

1. select one U.S. publicly traded company and review its most recent Annual Report. (You may use one of the three companies you selected for your Stock Journal assignment.) o Use the Income Statement and Balance Sheet t ...

Principles of financial analysisspreadsheet assignment

PRINCIPLES OF FINANCIAL ANALYSIS SPREADSHEET ASSIGNMENT: Eastland Products, Inc. Amexicorp, Inc. 1. Retrieve the file CFM0318P.XLS. Boldface cell A1 and enter the appropriate values in cells C7 and C17. 2. Enter the appr ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate