Homework Answers
| 1) Standard Cost Card - One MicroComputer Case- Container Inc. | |||||
| Direct Mateial | 1.5 | Kg | $1.20 | Per Kg | $1.80 |
| Direct Labour | 0.5 | DLHs at | $15.00 | per DLH | $7.50 |
| Variable Overhead | 0.2 | Machine Hour at | $6.00 | Per MH | $1.20 |
| Fixed Overhead | 0.2 | Machine Hour at | $33.75 | per MH | $6.75 |
| Standard cost per unit | $17.25 | ||||
| * Fixed Overhead per machine Hour= 337500/(50000*0.20)=$33.75 | |||||
| Part-2 |
| DM Price Variance= ( Std Price - Actual Price) X Actual Quantity |
| ( 1.20-1.21)X 103125= $1031.25 Unfavourable |
| DM Efficiency Variance= ( Std Qty- Actual Qty) X S price |
| (( 62500X1.5)-91900)X1.20= $2220 Favourable |
| D labour Rate Variance= ( Std Rate - Actual Rate) X Actual Hour |
| (15-14.70)X 30300= $9090 favourable |
| DL Efficiency Variance= ( Std Hour- Actual Hour) X Std Rate |
| (( 62500X0.5)-30300)X15= $14250 Favourable |
| Part-3 | |||
| S. No. | Account Tittl | Debit | Credit |
| 1 | Direct Material - Inventory (103125*1.20) | $123,750 | |
| Direct Material Price Variace | $1,031 | ||
| Account Payable (103125*1.21) | $124,781 | ||
| 2 | Direct Material Ussed (62500*1.5*1.20) | $1,125,009 | |
| Direct Material Efficiency Variace | $2,220 | ||
| Direct materia- Inventory (91900*1.20) | $110,280 | ||
| 3 | Direct Labour (62500*0.50*15) | $468,750 | |
| Direct Labour Rate Variance | $9,090 | ||
| Direct Labour Efficeicny Variance | $14,250 | ||
| Account Payable (30300* 14.70) | $445,410 | ||
Add Answer to:
tic microcomputer cases at a selling price of $10.00 machine hours. The standard variable costs per...
please full calculation and explanation Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at...
please full calculation and explanation
Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at a selling price on 10.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs Per computer case were: Total Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg $1.80 Direct Labour 0.50 labour hours $ 15.00 per hour 7.50 Variable Overhead 0.20 machine hours $ 6.00 per hour 1.20 Information regarding fixed overhead includes the following: Budgeted...
please full calculation and explanations Containers, Inc. produced 62.500 and sold 59.000 plastic microcomputer cases at...
please full calculation and explanations
Containers, Inc. produced 62.500 and sold 59.000 plastic microcomputer cases at a selling price of $10.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs per computer case were: Quantity Rate Total Direct Materials 1.5 kg $ 1.20 per kg $1.80 Direct Labour 0.50 labour hours $15.00 per hour 7.50 Variable Overhead 0.20 machine hours $6.00 per hour 1.20 Information regarding fixed overhead includes the following: Budgeted Fixed Overhead:...
please full calculation and explanation. Containers, Inc. produced 62,500 and sold 59,000 plastic microcomputer cases at...
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please full calculation and explanation
Containers, Inc. produced 62,500 and sold 59.000 plastic microcomputer cases at a selling price on 10.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs Per computer case were: Total Quantity Rate Direct Materials 1.5 kg $ 1.20 per kg $1.80 Direct Labour 0.50 labour hours $ 15.00 per hour 7.50 Variable Overhead 0.20 machine hours $ 6.00 per hour 1.20 Information regarding fixed overhead includes the following: Budgeted...
please full calculation and explanations
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please full calculation and explanation.
Containers, Inc. produced 62,500 and sold 59,000 plastic microcomputer cases at a selling price of 510.00 each. Manufacturing overhead is allocated on the basis of machine hours. The standard variable costs per computer case were: Quantity 1.5 kg Total Rate Direct Materials Direct Labour Variable Overhead $1.20 per kg $15.00 per hour $6.00 per hour $1.80 0.50 labour hours 7,50 0.20 machine hours 1.20 Information regarding fixed overhead includes the following: Budgeted Fixed Overhead: $337,500...
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improve cost control.
In 2016, the total budgeted overhead rate was $1.55 per direct
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The following data on actual results are provided for the month
of November 2016.
Solve for:
Variable Overhead Spending Variance
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