assignment-take&linprogress; false Finch Company began its operations on March 3

Question

assignment-take&linprogress; false Finch Company began its operations on March 31 of the current year Finch has the following projected costs: May une $214,400 157,600 $193 anufacturing costs (1) nce expense (2) 1, 1 2,1 2,1 2.1 tax expense (3) (1) orthe manufactuing costs, three-fourths are paid for in the month they are incurred, one-fourth is paid in the faloning month. (2) tssurance expense i $1,130 a menthc however, the insurance is paid four times yearly in the first morth of the quarter, (i.e, January, April, July, and October). (3) Property tax is paid once a year in Novenber KThe cash payments expected for Finch Company in the month of April are $139,595 $157,600 221,390 $118,200 Previous Next

Explanation / Answer

Calculate cash payment in the month of april :

Manufacturing cost = 157600*3/4 = 118200

Insurance exp = 1130*3 = 3390

Total cash payment in the month of april = (118200+3390) = 121590

so answer is c) $121590

Direct material price variance = (Standard price-actual price)Actual quantity

= (1.79*12385-25389)

Direct material price variance = 3220.10 Unfavourable

so answer is c) 3220.10 Unfavourable

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.