![E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 94] Amber Company produces iron table and chair sets.](http://img.homeworklib.com/questions/ce3f2a80-75d0-11ea-ba23-893b2aa883ec.png?x-oss-process=image/resize,w_560)
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![& Direct material quantity variance s [ standard quantity x Standard poice? [Actual quantity & Standard price] = 900,000 $142](http://img.homeworklib.com/questions/d0316c30-75d0-11ea-920e-0dfa6f956f6b.png?x-oss-process=image/resize,w_560)
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E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 94] Amber Company produces iron table...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.20 per Ib. $ 7.40 per hour $ 2.00 per lb. 960,000 lbs. 10,000 1,105,000...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 3.20 per lb $ 8.40 per hour $ 3.00 per lb. 1,060,000 lbs 21,000 1,365,000...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.90 per lb. $7.10 per hour $ 1.70 per lb. 930,000 lbs. 15,000 1,075,000 lbs. 8,000 960,000 lbs. $5,100 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.60 per lb. $ 7.80 per hour $ 2.40 per lb. 1,000,000 lbs. 17,000 1,175,000 lbs. 13,000 1,030,000 lbs. $5,800 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber’s costs were as follows: Amber...
Amber Company produces iron table and chair sets. During
October, Amber’s costs were as follows:
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $2.20 per Ib. $7.40 per hour $2.00 per lb. 960,000 ibs 10,000 1,105,000 lbs. 9,000 990,000 lbs $5,400 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $2.00 per lb. $7.20 per hour $1.80 per lb. 940,000 lbs 15,000 1,085,000 lbs 9,000 970,000 lbs $5,200 F Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of purchases...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $ 2.10 per lb $7.30 pe...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $ 2.10 per lb $7.30 per hour $1.90 per lb. 950,000 lbs. 15,000 1,095,000 lbs 10,000 980.000 lbs. $5,300 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of...
Amber Company produces iron table and chair sets. During October, Amber’s costs were as follows: Actual...
Amber Company produces iron table and chair sets. During
October, Amber’s costs were as follows:
Actual purchase price
$ 3.00
per lb.
Actual direct labor rate
$ 8.20
per hour
Standard purchase price
$ 2.80
per lb.
Standard quantity for sets produced
1,040,000
lbs.
Standard direct labor hours allowed
21,000
Actual quantity purchased in October
1,295,000
lbs.
Actual direct labor hours
17,000
Actual quantity used in October
1,070,000
lbs.
Direct labor rate variance
$6,200
F
3. Calculate the direct materials...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.20 per Ib. $ 7.40 per hour $ 2.00 per lb. 960,000 lbs. 10,000 1,105,000...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 3.20 per lb $ 8.40 per hour $ 3.00 per lb. 1,060,000 lbs 21,000 1,365,000...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.90 per lb. $7.10 per hour $ 1.70 per lb. 930,000 lbs. 15,000 1,075,000 lbs. 8,000 960,000 lbs. $5,100 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 1.30 per lb. $ 6.50 per hour $ 1.10 per lb. 870,000 lbs. 15,000 1,015,000 lbs. 7,000 900,000 lbs. $4,500 F Required: 1. Calculate the total...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.60 per lb. $ 7.80 per hour $ 2.40 per lb. 1,000,000 lbs. 17,000 1,175,000 lbs. 13,000 1,030,000 lbs. $5,800 F Required: 1. Calculate the total cost...
Amber Company produces iron table and chair sets. During
October, Amber’s costs were as follows:
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $2.20 per Ib. $7.40 per hour $2.00 per lb. 960,000 ibs 10,000 1,105,000 lbs. 9,000 990,000 lbs $5,400 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $2.00 per lb. $7.20 per hour $1.80 per lb. 940,000 lbs 15,000 1,085,000 lbs 9,000 970,000 lbs $5,200 F Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of purchases...
Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: $ 2.10 per lb $7.30 per hour $1.90 per lb. 950,000 lbs. 15,000 1,095,000 lbs 10,000 980.000 lbs. $5,300 F Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance Required: 1. Calculate the total cost of...
Amber Company produces iron table and chair sets. During
October, Amber’s costs were as follows:
Actual purchase price
$ 3.00
per lb.
Actual direct labor rate
$ 8.20
per hour
Standard purchase price
$ 2.80
per lb.
Standard quantity for sets produced
1,040,000
lbs.
Standard direct labor hours allowed
21,000
Actual quantity purchased in October
1,295,000
lbs.
Actual direct labor hours
17,000
Actual quantity used in October
1,070,000
lbs.
Direct labor rate variance
$6,200
F
3. Calculate the direct materials...
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