Solution:
Direct Material Cost Variance | ||||||||||
Actual Cost | Standard cost for actual quantity | Standard Cost | ||||||||
AQ * | AP = | AQ * | SP = | SQ * | SP = | |||||
61000 | $4.20 | $256,200.00 | 61000 | $4.00 | $244,000.00 | 60000 | $4.00 | $240,000.00 | ||
$12,200 U | $4,000 U | |||||||||
Direct Material Price Variance | Direct Material Qty variance | |||||||||
Direct material price variance | $12,200.00 | U | ||||||||
Direct material quantity variance | $4,000.00 | U | ||||||||
Direct material cost variance | $16,200.00 | U |
Required information [The following information applies to the questions displayed below.) Antuan Company set the following...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $13.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $24.00 24.70 35.15 $83.85 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month....
Required information [The following information applies to the questions displayed below Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 Ibs. $6.00 per Ib.) $30.00 Direet labor (1.8 hre. $14.00 per hr.) Overhead (1.8 hrs. $18.50 per hr. Total standard co 25.20 33.30 $88.50 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $6.00 per Ib.) $ 18.00 Direct labor (2.0 hrs. @ $10.00 per hr.) 20.00 Overhead (2.0 hrs. @ $18.50 per hr.) 37.00 Total standard cost $ 75.00 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory’s capacity of 20,000 units...
[The following information applies to the questions
displayed below.]
Antuan Company set the following standard costs for one unit of its
product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (2.0 hrs. @ $13.00 per hr.)
26.00
Overhead (2.0 hrs. @ $18.50 per hr.)
37.00
Total standard cost
$
87.00
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month....
Required information [The following information applies to the
questions displayed below.] Antuan Company set the following
standard costs for one unit of its product. Direct materials (4.0
Ibs. @ $4.00 per Ib.) $ 16.00 Direct labor (1.9 hrs. @ $11.00 per
hr.) 20.90 Overhead (1.9 hrs. @ $18.50 per hr.) 35.15 Total
standard cost $ 72.05 The predetermined overhead rate ($18.50 per
direct labor hour) is based on an expected volume of 75% of the
factory’s capacity of 20,000 units...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $11.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $20.00 19.80 33.30 $ 73.10 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $6.00 per Ib.) Direct labor (1.9 hrs. @ $13.00 per hr.) Overhead (1.9 hrs. @ $18.50 per hr.) Total standard cost $24.00 24.70 35.15 $83.85 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month....
Required information (The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $5.00 per Ib.) Direct labor (2.0 hrs. @ $10.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $15.00 20.00 37.00 $72.00 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month....
Required information
[The following information applies to the questions
displayed below.]
Antuan Company set the following standard costs for one unit of its
product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (2.0 hrs. @ $13.00 per hr.)
26.00
Overhead (2.0 hrs. @ $18.50 per hr.)
37.00
Total standard cost
$
87.00
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units...
Required information [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $5.00 per Ib.) Direct labor (1.8 hrs. @ $11.00 per hr.) Overhead (1.8 hrs. @ $18.50 per hr.) Total standard cost $ 20.00 19.80 33.30 $73.10 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per...