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Question 2 Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital...

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Accounting

Question 2

Norio Manufacturing uses powdered plastics (PPS) to manufacturea high-pressure board used in a digital equipment product, Flex 10.Information concerning its operation in June is as follows:

Budgeted units of Flex 10 for June6,800
Budgeted usage of PPS61,200pounds
Actual number of units of Flex 10 manufactured5,800
PPS purchased72,960pounds
PPS used57,000pounds
Total actual cost of PPS used$368,220
Direct materials usage variance$36,480unfavorable

Assume that Norio does not maintain an inventory of materials,so that the amount of materials used is equal to the amount ofmaterials purchased. The cost of PPS in the flexible budget for thenumber of units manufactured this period (rounded to nearestdollar) is:

Multiple Choice

  • $396,720.

  • $392,160.

  • $554,496.

  • $465,120.

  • $516,800.

Lucky Company's direct labor information for the month ofFebruary is as follows:

Actual direct labor hours worked (AQ)57,600
Standard direct labor hours allowed (SQ)60,000
Total payroll for direct labor$720,000
Direct labor efficiency variance$27,840

The total standard direct labor cost allowed for February,rounded to the nearest dollar, was:

Multiple Choice

  • $668,160.

  • $682,560.

  • $696,000.

  • $710,400.

  • $720,000.

Answer & Explanation Solved by verified expert
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i Calculation of cost of PPS in flexible budget for unit manufactured Material Usage Variance Standard Qty Actual Qty X Standard Rate    See Answer
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