1. Antique Reproductions, Inc. estimates its manufacturing costs as follows: Variable Costs Direct material   $5.50/unit Direct labor         2.40/unit Variable overhead   1.00/unit Fixed Costs Supervisor’s salary $15,000 Production facility depreciation     7,500 Other production costs     1,400 Estimate manufacturing costs for manufacturing levels of 9,000 units, 11,000 units, and 13,000 units. 2. Southern Pecan Company grows and sells pecans. The company harvested 10,000 bags of pecans in May and sold everything that it harvested. The company’s flexible budget for May was: Bags sold 10,000 Revenue ($10/bag) $100,000 Expenses: Bags ($.50 each) $ 5,000 Pecan orchard maintenance $ 10,000 Wages and salaries ($2,400 + $.50 per bag) $ 7,400 Shipping ($.40 per bag) $ 4,000 Other expenses ($1,000 + $.45 per bag) $ 5,500 Total Expenses $ 31,900 Net operating income    $ 68,100 The actual results for May were: Bags sold 10,000 Revenue ($10/bag) $105,000 Expenses: Bags ($.50 each) $ 5,100 Pecan orchard maintenance $ 9,000 Wages and salaries ($2,400 + $.50 per bag) $ 7,900 Shipping ($.40 per bag) $ 5,000 Other expenses ($1,000 + $.45 per bag) $ 5,600 Total Expenses $ 32,600 Net operating income    $ 72,400 Prepare a report detailing the company’s revenue and spending variances of May. 3. Tiger Company makes a product and uses the following standard unit costs for that product: Direct material quantity standard            6 pound per unit Direct material price standard $ 9 per pound Direct labor time standard 3.5 hours per unit Direct labor rate standard $12 per hour Variable manufacturing overhead rate standard $ 6 per machine hour Fixed manufacturing overhead rate standard $ 5 per machine hour Machine hours standard 3 hours per unit Given the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances. 4. With the following information, compute the throughput time and the manufacturing cycle efficiency: Wait time 12.0 days Inspection time 0.9 days Processing time 3.5 days Move time 0.2 days Queue time 2.0 days .

1. 1.
Antique Reproductions, Inc. estimates its manufacturing costs
as follows:
Variable Costs
Direct material
$5.50/unit
Direct labor
2.40/unit
Variable overhead
1.00/unit
Fixed Costs
Supervisor’s salary
$15,000
Production facility depreciation
7,500
Other production costs
1,400
Estimate manufacturing costs for manufacturing levels of 9,000
units, 11,000 units, and 13,000 units.
2.
Southern Pecan Company grows and sells pecans. The company
harvested 10,000 bags of pecans in May and sold everything
that it harvested. The company’s flexible budget for May was:
Bags sold
10,000
Revenue ($10/bag)

2. $100,000
Expenses:
Bags ($.50 each)
$ 5,000
Pecan orchard maintenance
$ 10,000
Wages and salaries ($2,400 + $.50 per bag)
$ 7,400
Shipping ($.40 per bag)
$ 4,000
Other expenses ($1,000 + $.45 per bag)
$ 5,500
Total Expenses
$ 31,900
Net operating income
$ 68,100
The actual results for May were:
Bags sold
10,000
Revenue ($10/bag)
$105,000
Expenses:

3. Bags ($.50 each)
$ 5,100
Pecan orchard maintenance
$ 9,000
Wages and salaries ($2,400 + $.50 per bag)
$ 7,900
Shipping ($.40 per bag)
$ 5,000
Other expenses ($1,000 + $.45 per bag)
$ 5,600
Total Expenses
$ 32,600
Net operating income
$ 72,400
Prepare a report detailing the company’s revenue and spending
variances of May.
3.
Tiger Company makes a product and uses the following
standard unit costs for that product:
Direct material quantity standard
6 pound per unit
Direct material price standard
$ 9 per pound
Direct labor time standard
3.5 hours per unit

4. Direct labor rate standard
$12 per hour
Variable manufacturing overhead rate standard
$ 6 per machine hour
Fixed manufacturing overhead rate standard
$ 5 per machine hour
Machine hours standard
3 hours per unit
Given the flowing actual cost and usage data, compute the
direct labor rate and the direct labor efficiency variances.
4.
With the following information, compute the throughput time
and the manufacturing cycle efficiency:
Wait time
12.0 days
Inspection time
0.9 days
Processing time
3.5 days
Move time
0.2 days
Queue time
2.0 days