University of Phoenix - ACC 349; ACC 349 Week 5 WileyPlus, Complete Solution Guide.

ACC 349 Week 5 Exercise 8-11 Chen Company's Small Motor Division manufactures a number of small motors used in household and office appliances. The Household Division of Chen then assembles and packages such items as blenders and juicers. Both divisions are free to buy and sell any of their components internally or externally. The following costs relate to small motor LN233 on a per unit basis. Brief Exercise 9-6 For Roche Inc., variable manufacturing overhead costs are expected to be $21,050 in the first quarter of 2017, with $4,220 increments in each of the remaining three quarters. Fixed overhead costs are estimated to be $35,750 in each quarter. Prepare the manufacturing overhead budget by quarters and in total for the year. Brief Exercise 9-8 North Company has completed all of its operating budgets. The sales budget for the year shows 50,140 units and total sales of $2,294,200. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $304,600. Interest is estimated to be $10,000. Income taxes are estimated to be $221,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2017. Exercise 11-6 Lewis Company’s standard labor cost of producing one unit of Product DD is 3.7 hours at the rate of $12.9 per hour. During August, 40,600 hours of labor are incurred at a cost of $13.00 per hour to produce 10,800 units of Product DD. (a) Compute the total labor variance. (b) Compute the labor price and quantity variances. (c) Compute the labor price and quantity variances, assuming the standard is 4.1 hours of direct labor at $13.20 per hour.