Homework Help 5 questions

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cvaxl0101

Business Finance

Wilmington University

Description

There are 5 homework questions in the attached word document. enter responses in the tables on each questions.

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Explanation & Answer

Here is the document you sent me with the tables filled with the correct answers

Question 1
Wyckam Manufacturing Inc. has provided the following information concerning
its manufacturing costs:
Fixed Cost
Cost per
per Month Machine-Hour
Direct materials
$
5.30
Direct labor
$ 42,200
Supplies
$
0.10
Utilities
$
1,300
$
0.20
Depreciation
$ 15,000
Insurance
$ 11,800

For example, utilities should be $1,300 per month plus $0.20 per machinehour. The company expects to work 4,200 machine-hours in June. Note that
the company’s direct labor is a fixed cost.
Required:
Prepare the company’s planning budget for June.
Wyckam Manufacturing Inc.
Planning Budget for Manufacturing
Costs
For the Month Ended June 30

Direct materials
Direct labor
Supplies
Utilities
Depreciation
Insurance
Total manufacturing cost

Question 2

22260
42200
420
2140
15000
11800
$93820

Via Gelato is a popular neighborhood gelato shop. The company has provided
the following cost formulas and actual results for the month of June:
Fixed ElementVariable ElementActual Total
per Month
per Liter
for June
Revenue
$
13.00
$
72,540
Raw materials
$
4.75
$
30,330
Wages
$
5,700
$
1.50
$
14,560
Utilities
$
1,730
$
0.30
$
3,800
Rent
$
2,700
$
2,700
Insurance
$
1,450
$
1,450
Miscellaneous $
660
$
0.45
$
2,990

While gelato is sold by the cone or cup, the shop measures its activity in terms
of the total number of liters of gelato sold. For example, wages should be
$5,700 plus $1.50 per liter of gelato sold and the actual wages for June were
$14,560. Via Gelato expected to sell 6,000 liters in June, but actually sold
6,200 liters.
Required:
Calculate Via Gelato revenue and spending variances for June. (Indicate the
effect of each variance by selecting "F" for favorable, "U" for unfavorable, and
"None" for no effect (i.e., zero variance). Input all amounts as positive value...


Anonymous
I was having a hard time with this subject, and this was a great help.

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