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Need help with QS, 1,2,3 with explaination please! ?

1) Butte Truck Company specializes in selling used trucks. During the first six months of 2015, the dealership sold 50 trucks
2) From our textbook The variable overhead rate is $5 per direct labor hour; 31.000 direct labor hours were used to produce 7
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Answer #1

The given questions deal with Sales Variances, Variable Overhead Variances and Labor Variances

The students would be required to memorize the variance formulas for exam purposes (using a self made chart/table is recommended)Actual Quantity Sold [AO] = 50 trucks Actual Price [AP] = $18000 each Budgeted Quantities to be sold [sa] = 45 trucks StandarActual Variable Overhead = $ 153000 Actual authut = 7500 units - [fo] Actual his = 31000 hrs - CAH Standard hrs = 7500 units

€ Actual labor Hrs = 1200 [ AH] Actual labor rate her her = $8.70 [AR] Standard labor hrs = 1300 [SH] Standard labor rate her

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