Tableau DA 8-2: Exercise, Direct materials variances LO P2 Songsu Co. is struggling to control costs....
songsu Co. is struggling to control costs. we are hired as
consultants to determine why the company's actual costs exceed
budgeted costs. The tableau dashboard is provided for our
analysis.
OVERHEAD- ACTUAL COSTS
variable overhead: 101,000
fixed overhead: 68,000
OVERHEAD- STANDART COSTS
variable overhead- $12 per hour , 2 hours per unit.
fixed overhead - 6 per hour , 2 hours per unit.
ACTUAL UNITS MANUFATURED: 5,100 units
Tableau DA 8-3: Mini-Case, Direct labor variances and overhead variances LO P2,...
Check my work Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Direct Materials Direct Labor Standard Actual Standard Actual $7 $17 $6 6 lbs 15 $14 4 lbs 2 2.5 hrs 2 hrs Pounds Per Price Per Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Pound Unit Hour Unit Hour Overhead...
Exercise 21-12 Direct materials and direct labor variances LO P2 Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (14 lbs. @ $4 per lb.) Direct labor (3 hrs. @ $15.00 per hr.) $56 45 During June the company incurred the following actual costs to produce 8,900 units. Direct materials (126,800 lbs. @ $3.75 per lb.) Direct labor (30,900 hrs. @ $15.15 per hr.). $475,500 468,135 AQ...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
Exercise 23-12 Direct materials and direct labor variances LO P2 Reed Corp, has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (16 lbs. @ 4 per 1b. Direct labor (3 hrs. @ $16 per hr.) During June the company incurred the following actual costs to produce 8,300 units. Direct materials (135,700 lbs. @ $3.75 per lb.) Direct labor (28,100 hrs. @ $16.15 per hr.). $588,875 453,815 AH - Actual...
Exercise 21-11 Direct materials and direct labor variances LO P3 Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 lbs. @ $4 per lb.) $60 Direct labor (2 hrs. @ $15 per hr.) 30 During May the company incurred the following actual costs to produce 8,400 units. Direct materials (128,600 lbs. @ $3.80 per lb.) $ 488,680 Direct labor (20,000 hrs. @ $15.10 per hr.). 302,000...
Exercise 21-11 Direct materials and direct labor variances LO P2 Hutto Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (16 lbs. @ $4 per lb.) $64 Direct labor (3 hrs. $15 per hr.) 45 During May the company incurred the following actual costs to produce 8,900 units. Direct materials (146,200 1bs. $3.8e per $555,560 lb.) Direct labor (30,7ee hrs. @$15.10 per hr.) 463,570 AQ = Actual Quantity...
Check my work Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. points Skipped Actual direct materials used 25,000 lbs. at $4.60 per lb. Actual direct labor used 6,050 hours for a total of $120,395 Actual units produced 36,000 eBook Hint Print Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.55 per pound and 10 minutes of direct labor at $20.90 per...
Exercise 14-26 Direct Materials and Direct Labor Variances [LO
14-3]
Assume that Schmidt Machinery Company had the standard costs
reflected in Exhibit 14.5. In a given month, the company used 3,485
pounds of aluminum to manufacture 927 units. The company paid
$29.20 per pound during the month to purchase aluminum. At the
beginning of the month, the company had 57 pounds of aluminum on
hand. At the end of the month, the company had only 37 pounds of
aluminum in...
Trico Company set the following standard unit costs for its single product. Direct materials (30 lbs. Direct nater $4 per Ib.) Direct labor (5 hrs. @ $14 per hr.) Factory overhead-variable (5 hrs. @ $8 per hr.) Factory overhead-fixed (5 hrs. @ $10 per hr.) Total standard cost $ 120.00 70.00 40.00 50.ee $ 280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible...