. Information about the production and sales of its only product during its first month of operations
DISCUSS THE FUNCTIONING OF INTERNATIONAL COURTS IN THE ENFORCEMENT OF INTERNATIONAL LAW COMPARE AND CONTRAST THE ROLE OF THE INTERNATIONAL COURT OF JUSTICE VERSUS THAT OF REGIONAL COURTS TO WHAT EXTENET HAVE INTERNATIONAL COURTS BEEN SUCESSFUL IN ASSISTING IN ENFORCEMENT OF HUMAN RIGHTS?
August 15, 2017Please respond to both of the following parts (A), and (B).
August 15, 2017. Information about the production and sales of its only product during its first month of operations
1. Information about the production and sales of its only product during its first month of operations:
Sales ($225 per unit) $405,000
Direct materials used $176,000
Direct labor $100,000
Variable factory overhead $44,000
Fixed factory overhead $80,000
Variable selling and administrative expenses $20,000
Fixed selling and administrative expenses $10,000
Ending inventories:
Direct materials -0-
WIP -0-
Finished goods 200 units
The cost of goods sold under variable costing is_____.
a. $320,000
b. $360,000
c. $288,000
d. $272,000
2. Company’s overhead cost information is given below:
Standard applied overhead $210,000
Budgeted overhead based on standard machine hours allowed $230,000
Budgeted overhead based on actual machine hours used $215,000
Actual overhead $200,000
a. Compute the total overhead variance.
