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Problem 23-1A Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $6 per pound Direct labor-2.00 hours at $12.20 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $ 6.00 24.40 15.00 13.00 $58.40 The predetermined manufacturing overhead rate is $14 per direct labor hour ($28.00 - 2.00). It was computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $75,000 ($7.50 per hour) and total fixed overhead costs of $65,000 ($6.50 per hour). Actual costs for October in producing 3,400 units were as follows. Direct materials (3,600 pounds) Direct labor (6,650 hours) Variable overhead Fixed overhead Total manufacturing costs $ 22,320 83,790 66,638 30,462 $203,210 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances. (Round answers to o decimal places, e.g. 125.) Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance (b) Compute the total overhead variance. Total overhead variancet LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM

Answer 1

(al Mater dat Vubnces Slandaidt costSp)-6 Actual puiu CAP)- 4921320 46.1 3600 tardlaid Guantery (sa)- 3400 ACtual Quantely CAa) 3600 - Material price vauance AQx (SP-AP) 8600x (6-62) - 8600x (t0.2 -0(uniavourable vailan MOderial 8PX Csa-AG 6x C3400-8600) Gx (2001 1200 (eunfavourable) Matertat Tolau vauan (eQxSp) CAQXAP C3400rt6)-C3600x $6-1) $20,400 29,320 1920 Ceuntavouable

Labou vaonces Slardhuct uate() 15 s0 ter ho Actool Rate CAR) 428190 6650 CSH)Blardaud kou (100 ) e200 C) ACKIOL hous 6650 -labou puicL vauant Atx (a0-AD) 6650(412-20-4 19 60) 6650xC010) 42660 (antaoouabl) tabou Quanteny vaitanc SR CE4-Au) 4 19.90x 150 ¢1880 (tavocuabh fotau latous vauiana (uren)-CAY A) C 12-90 6200) C6650x419-601 48A60-83,490 A830 (ewtarocuae)

Cb1 Oveahead Vaiante ACtcual 098L - Absetbed cer- Abet bed Cut 6650 -cKal labouutous - Prdeteimintd Oveuhad uat Pe hou $14 6650x $t4 $93,100 Actuaicelt 66,638 - vauiati CH $ 30,461 - Rered $94,100 tauance 493,100-$9/O0 $4000 (tuntasoua be $1920 cuntauceuat 10tau matertal lauant $120 untauourabu moleuia Ruic vaubn to0 curtauourab makuia Qunrtt nu Golar latoru Variant untasourable dg80 tabout puiu autn t $2660 cuntarctable tabou Quantaty vaui 1930 tawoutaba (b1 TOHOL Ovethead vaubne $4000 tunlavoura bu