4.
value:
10.00 points
| d. |
Find the direct materials variances (materials price variance and quantity variance). (Leave no |
| Direct material variances | ||
| Material quantity variance | $ | (Click to select)FavourableNoneUnfavorable |
| Material price variance | $ | (Click to select)NoneFavourableUnfavorable |
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5.
value:
10.00 points
| e-1 |
Find the total over- or underapplied (both fixed and variable) overhead. Would cost of goods sold be a larger or smaller expense |
| (Click to select)Over appliedUnder applied overhead | $ |
| e-2 |
Would cost of goods sold be a larger or smaller expense item after the adjustment for over- or underapplied overhead? |
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6.
value:
10.00 points
| f. |
Calculate the actual plant operating profit for the year. (Omit the “$” sign in your |
| Operating profit | $ |
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7.
value:
10.00 points
| g. |
Prepare a flexible budget for the Bellingham plant for its first year of operations. (Input all |
| (Click to select)Flexible budget operating profitFlexible budget non-operating profitCost of goods soldOperating incomeOperating loss | $ |
| (Click to select)Operating lossCost of goods soldAdd: Actual operating profitLess: Actual operating profitOperating income | |
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| Flexible budget variance | $ |
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| (Click to select)Cost of goods soldBudgeted operating profitOperating incomeBudgeted non-operating profitOperating loss | |
| (Click to select)Add: Actual operating profitLess: Actual operating profitOperating incomeOperating lossCost of goods sold | |
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| Master budget variance | $ |
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8.
value:
10.00 points
| h. |
Assume Utease Corporation is planning to change its evaluation of business operations in all plants from the profit center format |
| ROI | % |
| ROS | % |
| Capital Turnover | % |
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