1.
SQ [1600*2.5] | 4000 | AQ | 5500 |
SR [19/2.5] |
7.6 | AR [29920/5500] |
5.44 |
Material price variance | 11880 | F | [AR -SR] *AQ |
Material quantity variance | 11400 | U | [SQ -AQ] *SR |
2.
SH [1600*0.5] | 800 | AH | 640 |
SR [9270/1030] |
9 | AR [7520/640] |
11.75 |
Labor rate variance | 1760 | U | [AR -SR] *AH |
Labor efficiency variance | 1440 | F | [SH -AH] *SR |
3.
SH [1600*0.5] | 800 | AH | 640 |
SR [3502/1030] |
3.4 | AR [4000/640] |
6.25 |
Variable overhead rate variance | 1824 | U | [AR -SR] *AH |
Variable overhead efficiency variance | 544 | F | [SH -AH] *SR |
Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat...
Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are as follows: Total...
Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 630 hours each month to produce 2,100 sets of covers. The standard costs associated with this level of production are: Total Per...
Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,060 hours each month to produce 2,120 sets of covers. The standard costs associated with this level of production are: Total Per Set...
Marvel Parts, Inc, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,015 hours each month to produce 2,030 sets of covers. The standard costs associated with this level of production are: Per Set of...
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: Total $40,560 $...
Marvel Parts, Inc., manufactures auto accessories. One of the
company’s products is a set of seat covers that can be adjusted to
fit nearly any small car. The company has a standard cost system in
use for all of its products. According to the standards that have
been set for the seat covers, the factory should work 1,010 hours
each month to produce 2,020 sets of covers. The standard costs
associated with this level of production are:
Total
Per Set...
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: Total $ 40,560...
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1.030 hours each month to produce 2,060 sets of covers. The standard costs associated with this level of production are: Direct materials Direct...
please post all the solutions
Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car The company has a standard cost system in use for all of its products According to the standards that have been set for the seat covers, the factory should work 990 hours each month to produce 1980 sets of covers. The standard costs associated with this level of...
Please include steps for calculations
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,020 hours each month to produce 2,040 sets of covers. The standard costs associated with this level of...