Answered Essay: Kringle Novelties Company, a maker of Christmas novelties, needs your help immediately. The company accountant resigned without leaving

4   Kringle Novelties Company, a maker of Christmas novelties, needs your help immediately. The company accountant resigned without leaving                                           adequate records or explanations for the data collected. In reviewing the records for one product line, you find the following information for last month:

Materials purchased                                           20,000 units @ $.60 each

Materials used                                                    15,000 units

Direct labor costs incurred                               $36,000

Variable overhead costs incurred                      $6,675

Actual fixed overhead                                        $7,200

Completed units                                                 7,000

You learn that the standards for the product are:

Direct materials                                              2 units

Direct labor                                                    1 hour

Variable overhead                                          $0.95 per direct labor hour

Fixed overhead                                               $0.60 per direct labor hour

You find a copy of the budget which shows that $ 6,000 was budgeted for fixed overhead, and that variable overhead was budgeted at $9,500 when 10,000 direct labor hours are worked per month

You also find some handwritten notes among the accountant’s work papers, which indicate the following:

Standard price per unit for materials       $ .62

Actual average wage rate                       $4.80 ($.20 less than the standard)

Required:

(a) Compute the eight variances

(b) Comment on the results.

Expert Answer

 

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.

× How can I help you?