1. Unit produced = 586500/39.10 = 15000 Units
2) material quantity variance = (Standard qty-actual qty)Standard price
-34000 = (15000*2.3*17-17X)
17X = 586500+34000
X(actual pound) = 36500 Pounds
3) Material price variance = (Standard price-actual price)actual quantity
10585 = (17*36500-36500X)
36500X = 609915
X(actual price) = 16.71
4) Labor efficiency variance = (Standard hour-actual hour)Standard rate
-15400 = (15000*1*15.40-15.40X)
15.40X = 246400
X(actual hour) = 16000 Hour
5) Labor rate variance = (Standard rate-actual rate)actual hour
-3200 = (15.40*16000-16000X)
16000X = 249600
X(actual rate) = 15.60
6) Variable overhead efficiency variance = (15000-16000)*9.4 = 9400 U
Actual variable overhead = 141000-4400+9400 = 146000
Help Sav Vitex, Inc. manufactures a popular consumer product and it has provided the following data...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: (2) Standard Standard Cost (1) Standard Quantity (1) x (2) Price Inputs or Hours or Rate per 16.80 pound $15.40 per hour $. 36.96 $15.40 Direct materials Direct labor Variable manufacturing 2.20 pounds 1.00 hours 9.10 overhead 1.00 hours 9.10 per hour Total standard cost per $61.46 unit Variances Reported Price Quantity or or Rate Efficiency $33,600 U $15,400 U...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Sta (2) Standard Price or Rate (1) Standard Quantity or Hours Standard Cost (1) x (2) Inputs $ per $38.64 2.30 pounds 1.00 hours 16.80 pound $15.50 per hour $15.50 Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit 1.00 hours 9.40 per hour $ 9.40 $63.54 Total Variances Reported Standard Price Quantity or Cost* or Rate...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.20 pounds $ 16.20 per pound $ 35.64 Direct labor 1.00 hours $ 15.40 per hour $ 15.40 Variable manufacturing overhead 1.00 hours $ 9.50 per hour $ 9.50 Total standard cost per unit $ 60.54 Total Variances Reported Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.50 pounds $ 17.10 per pound $ 42.75 Direct labor 1.00 hours $ 15.40 per hour $ 15.40 Variable manufacturing overhead 1.00 hours $ 9.60 per hour $ 9.60 Total standard cost per unit $ 67.75 Total Variances Reported Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: (1) Standard Quantity or Hours Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit (2) Standard Price or Rate $16.10 per pound $15.50 per hour $ 9.40 per hour Standard Cost (1) X (2) $ 37.03 $ 15.50 $ 9.40 $ 61.93 1.00 hours Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.20 pounds $ 16.30 per pound $ 35.86 Direct labor 1.00 hours $ 15.70 per hour $ 15.70 Variable manufacturing overhead 1.00 hours $ 9.40 per hour $ 9.40 Total standard cost per unit $ 60.96 Total Variances Reported Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: (1) Standard Quantity or Standard Price or Rate Standard Cost Inputs Direct materials Direct labor Variable manufacturing overhead Hours 2.00 pounds $16.50 per pound 1.00 hours $%15.90 per hour 00 hours 940 per hour S 33.00 S 15.90 S 9.40 S 58.30 Total standard cost per unit TotalVariances Reported StandardPrice Quantity or Costor Rate Efficiency $ 627,000 $ 11,600F S...
Vitex, Inc. manufactures a popular consumer product and it has
provided the following data excerpts from its standard cost
system:
plz solve this Q
10 Check my work 33 1 Standard Quantity or Standard Standard Price Cost (1) (2) S33.81 15.40 Inputs Direct materials Direct labor lours or Rate 2.10 pounds 1.00 hours $16.10 per pound $15.40 per hour 9.20 per hour S9.20 Variable manufacturing overhead 1.00 hours 10 $58.41 Total standard cost per unit points 04:0324 Variances Reported Total...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.10 pounds $ 16.80 per pound $ 35.28 Direct labor 1.00 hours $ 15.40 per hour $ 15.40 Variable manufacturing overhead 1.00 hours $ 9.20 per hour $ 9.20 Total standard cost per unit $ 59.88 Total Variances Reported Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit (1) Standard Quantity or Hours 2.50 pounds 1.00 hours 1.00 hours (2) Standard Price or Rate $16.70 per pound $15.60 per hour $9.40 per hour Standard Cost (1) * (2) $41.75 $15.60 $ 9.40 $ 66.75 Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard...