Homework Answers
| Ans. | Particulars | Quantity per unit | Cost per input | Total |
| Direct materials | 1.00 kg. | $16 | $16.00 | |
| Direct labor | 0.40 hrs. | $22 | $8.80 | |
| Overhead | 0.40 hrs. | $36 | $14.40 | |
| Total Standard Cost | $39.20 | |||
| Total cost variance = Standard cost - Actual cost | ||||
| $39.20 - $45.20 | ||||
| -$6.00 | or $6.00 unfavorable | |||
| *If the standard cost is higher than the actual it means the variance is favorable. | ||||
| *If the standard cost is lower than the actual it means the variance is unfavorable. | ||||
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Check my work 4 Required information Use the following information for the Quick Study below. The...
Check my work Required information Use the following information for the Quick Study below. [The following...
Check my work Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Part 1 of 2 BatCo makes metal baseball bats. Each bat requires 1.00 kg of aluminum at $16 per kg and 0.40 direct labor hours at $22 per hour. Overhead is assigned at the rate of $36 per direct labor hour. 1.11 points QS 23-5 Standard cost card LO C1 eBook Hint What amounts would appear on...
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Required information The following information applies to the questions displayed below.) BatCo makes metal baseball bats....
Required information The following information applies to the questions displayed below.) BatCo makes metal baseball bats. Each bat requires 100 kg of aluminum at $20 per kg and 0.40 direct labor hours at $22 per hour. Overhead is assigned at the rate of $36 per direct labor hour What amounts would appear on a standard cost card for BatCo? (Round your final answers to 2 decimal places.) Qty per Unit Cost per Input Std. Cost per Unit Direct materials Direct...
Required information The following information applies to the questions displayed below.] BatCo makes metal baseball bats....
Required information The following information applies to the questions displayed below.] BatCo makes metal baseball bats. Each bat requires 1.00 kg of aluminum at $24 per kg and 0.40 direct labor hours at $26 per hour. Overhead is assigned at the rate of $36 per direct labor hour. What amounts would appear on a standard cost card for BatCo? Std. Cost per Cost per Input Qty per Unit Unit Direct materials Direct labor Overhead
BatCo makes metal baseball bats. Each bat requires 2.00 kg of aluminum at $20 per kg...
BatCo makes metal baseball bats. Each bat requires 2.00 kg of aluminum at $20 per kg and 0.35 direct labor hours at $22 per hour. Overhead is assigned at the rate of $40 per direct labor hour. 1)What amounts would appear on a standard cost card for BatCo? Qty per Unit Cost per Input Std. Cost per Unit Direct materials Direct labor Overhead 2)Assume the actual cost to manufacture one metal bat is $67.70. Compute the cost variance and classify...
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Check my work Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Part 1 of 2 BatCo makes metal baseball bats. Each bat requires 1.00 kg of aluminum at $16 per kg and 0.40 direct labor hours at $22 per hour. Overhead is assigned at the rate of $36 per direct labor hour. 1.11 points QS 23-5 Standard cost card LO C1 eBook Hint What amounts would appear on...
Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] BatCo makes metal baseball bats. Each bat requires 2.00 kg of aluminum at $16 per kg and 0.35 direct labor hours at $18 per hour. Overhead is assigned at the rate of $32 per direct labor hour QS 8-5 Standard cost card LO Ç1 What amounts would appear on a standard cost card for BatCo? Cost per Input Qty per...
Required information The following information applies to the questions displayed below.) BatCo makes metal baseball bats. Each bat requires 100 kg of aluminum at $20 per kg and 0.40 direct labor hours at $22 per hour. Overhead is assigned at the rate of $36 per direct labor hour What amounts would appear on a standard cost card for BatCo? (Round your final answers to 2 decimal places.) Qty per Unit Cost per Input Std. Cost per Unit Direct materials Direct...
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