Carlton Corporation Carlton Corporation produces and sells faux-leather handbags. In the current year, the company budgeted for the production and sale of 1,000 handbags; however, 900 handbags were actually produced and sold. Each bag has a standard requiring two yards of material at a cost of $4.00 per yard and 1 hour of assembly time at a cost of $9.50 per hour. Actual costs for the production
of 900 bags were $7,215 for materials (1,850 yards purchased and used @ $3.90 per yard) and $10,125 for labor (1,125 hours @ $9.00 per hour). Refer to the Carlton Corporation information above. Carlton's direct labor efficiency variance is:
A) $ 562.50 F.
B) $2,137.50 U.
C) $1,187.50 U.
D) $2,025.00 F.
B
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Indicate whether the statement is true or false
Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MillingCustomizingMachine-hours 18,000 13,000Direct labor-hours 4,000 7,000Total fixed manufacturing overhead cost$113,400$64,400Variable manufacturing overhead per machine-hour$1.60 Variable manufacturing overhead per direct labor-hour $3.90 During the current month the company started and finished Job A319. The following data were
recorded for this job: Job A319:MillingCustomizingMachine-hours 60 10Direct labor-hours 20 60Direct materials$655$305Direct labor cost$400$1,200If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to: A. $3,820.00 B. $4,584.00 C. $764.00 D. $5,042.00
Departmentalization based on ________ groups jobs on the basis of territory or physical location.
A. customer B. product C. geography D. process
Which of the following is a type of OLE DB data provider?
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