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

1 name possible mortgageable interests in real estate and

1. Name possible mortgageable interests in real estate and comment on their risk as collateral to lenders. 2. What is meant by mortgage foreclosure, and what alternatives are there to such action? 3. Explain the differen ...

1 what types of fees and conditions are prohibited under

1. What types of fees and conditions are prohibited under RESPA? 2. For what items may a lender require escrow accounts from a borrower?

Find the present value of an ordinary annuity with deposits

Find the present value of an ordinary annuity with deposits of $8680 quarterly for 5 years at 8.4% compounded quarterly. What is the present value?

Potters violin co has just issued nonconvertible preferred

Potter's Violin Co. has just issued nonconvertible preferred stock with a par value of $100 and an annual dividend rate of 18.66 percent. The preferred stock is currently selling for $119.42 per share. which rate of retu ...

1 suppose that apples profits are expected to grow twice as

1. Suppose that Apple's profits are expected to grow twice as fast as Microsoft's. Which firm's stock should be the better investment? Briefly explain. 2. Henry Blodget worked for Merrill Lynch during the dot-com boom. T ...

What is the signaling theory of mergers what is the

What is the signaling theory of mergers? What is the relationship between signaling and the mode of payment used in acquisitions? Is there a relationship between the mode of payment used in acquisitions and the level of ...

A property is available for sale that could normally be

A property is available for sale that could normally be financed with a fully amortizing $80,000 loan at a 10 percent rate with monthly payments over a 25-year term. Payments would be $726.96 per month. The builder is of ...

If pawn shops charge high interest rates on loans why do

If pawn shops charge high interest rates on loans, why do people borrow money from them? Suppose Congress passes a law that puts a ceiling of 10% per year on the interest rate that pawn shops can charge on loans. Would t ...

Explain an mncs strategy of diversifying projects

Explain an MNC's strategy of diversifying projects internationally to maintain a low level of overall country risk? Do you think that a full country risk analysis can replace a capital budgeting analysis of a project in ...

1 why do researchers use factor analysis2 imagine that you

1. Why do researchers use factor analysis? 2. Imagine that you conducted a factor analysis on a set of variables that were uncorrelated with one another. How many factors would you expect to find? Why?

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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