quest2634364entquest2634364asnmt1618345take questionaproblem 5 32 part level submiss 4529060

quest2634364entquest2634364asnmt1618345take-questionaProblem 5-32 (Part Level Submission)Sandoval Furniture builds high-end hand-made dining tables. Mackenzie Sandoval, the company’s owner, has developed the followingsales forecast for 2015.1stQuarterForecasted sales (tables)2,5742ndQuarter2,7923rdQuarter4thQuarter2,9291,738Because of the time needed to create each table, Sandoval maintains an ending Finished Goods Inventory of 20 percent of the followingquarter’s budgeted sales. Sandoval has been following this inventory policy for several years. The company ended 2014 with 515 tableson hand.The standard cost card for a table is as follows:StandardQuantityAmerican cherry woodAmerican cherry turning square (legs)StandardPrice25 board feet$5/board foot$125$9/square364 squaresTotal StandardCostDirect labor12 DLH$16/DLH192Variable overhead12 DLH$56/DLH672Fixed overhead12 DLH$9/DLH108$1,133Don’t show me this message again for the assignment(a)Prepare Sandoval’s production budget for 2015. Assume that the desired ending inventory for 2015 is 590 tables. (Round answers to0 decimal places, e.g. 5,275.)Production Budget1st Quarter2nd Quarter3rd Quarter4th QuarterAnnualDon’t show me this message again for the assignmentLink to Text(b)The parts of this question must be completed in order. This part will be available when you complete the part above.(c)The parts of this question must be completed in order. This part will be available when you complete the part above.(d)The parts of this question must be completed in order. This part will be available when you complete the part above.quest2634849entquest2634849asnmt1618345take-questionaProblem 6-30 (Part Level Submission)Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled as her eyes went straightto the bottom line of the report and saw the favorable variance for operating income, confirming her decision to push theworkers to get those last 290 cases off the production line before the end of the month.But as she glanced over the rest of numbers, Lexi couldn’t help but wonder if there were errors in some of the line items.She was puzzled how most of the operating expenses could be higher than the budget since she had worked hard tomanage the production line to improve efficiency and reduce costs. Yet the report, shown below, showed a differentstory.ActualCases produced and sold10,250Budget9,960Variance290 Favorable”Not Applicable” and enter 0 for the amounts.)$Direct material price variance$Direct material quantityvariance(c-d) Calculate the direct labor rate variance and direct labor efficiency variance for the month. (Round answers to 0 decimalplaces, e.g. 1525. If variance is zero, select “Not Applicable” and enter 0 for the amounts.)$Direct labor rate varianceDirect labor efficiencyvariance$(e-f) Calculate the variable overhead spending variance and variable overhead efficiency variance for the month. (If variance is zero,select “Not Applicable” and enter 0 for the amounts.)$Variable overhead spending varianceVariable overhead efficiencyvariance$(g) Calculate the fixed overhead spending variance for the month. (If variance is zero, select “Not Applicable” and enter 0 forthe amounts.)$Fixed overhead spending varianceDon’t show me this message again for the assignment(h)The parts of this question must be completed in order. This part will be available when you complete the part above.(i)The parts of this question must be completed in order. This part will be available when you complete the part above.

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