Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. subject: managerial accounting. can you please a

subject: Managerial accounting. can you please answer in a simple way, step by...

90.2K

Verified Solution

Question

Accounting

subject: Managerial accounting.
can you please answer in a simple way, step by step.
image
Question 1 lises in the sale of and Co. operates a Pct Shop in Kildare which specia horse feed. Standard data per 3kg bag of the most pop the current year is: 7.00 1.65 Selling price Direct Materials Direct Labour 3kgs @ 0.55 per kg 0.2 hours @ 10.00 per hour2.00 0.80 verhead 0.2 hours @ e4.00 per hour 0.2 hours @ 8.00 per hour 1.60 Fixed Overhead 6.05 0.95 Standard Gross Profit Budgeted production The company uses a standard absorption costing system. and sales for August was 20,000 bags of horse feed. The actual results for August were as follows: Sales Revenue Direct Materials 148,050 63,900 kgs 3,900 hours 33,867 38,610 16,380 31,005 119.862 Direct Labour Variable Overhead Fixed Overhead Actual Gross Profit Actual Production and Sales in August was 21,000 bags of feed. 28.188 Required: Calculate all relevant cost variances. Total 50 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Kidneys filter the blood and remove waste and extra fluid from the body and are essential...

Biology
Q

Discuss the importance of trust during negotiations? How do you exhibit it? How do you know...

General Management
Q

There are two main types of receptors that mediate signal transduction in cells internal re...

Biology
Q

The real income effect states that at higher prices consumers will have reduced purchasing power...

Basic Math
Q

The city of Raleigh has 10200 registered voters. There are two candidates for city council...

Basic Math
Q

How many numbers are there between 100 and 1000 in which the sum of digits...

Calculus
Q

Factor completely Then solve p w 3w 6w 24w

Calculus
Q

Steven Company has fixed costs of $361,100. The unit selling price, variable cost...

Accounting
Q

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the...

Accounting
Q

Michael Masters opened a web consulting business called Business Mastery and recorded the following transactions...

Accounting
Q

Podemos describir las entradas como fijas o variables. Pensando en una empresa que ensambla automviles,...

Accounting
Q

During 2022, Forever Company discovered that the ending inventories reported on its financia January 1,...

Accounting