Ayala Corporation accumulates the following data relative to jobs started and finished during the month of...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017.
|
Costs and Production Data |
Actual |
Standard |
||
| Raw materials unit cost | $2.10 | $1.90 | ||
| Raw materials units used | 11,300 | 10,700 | ||
| Direct labor payroll | $175,500 | $171,360 | ||
| Direct labor hours worked | 15,000 | 15,300 | ||
| Manufacturing overhead incurred | $212,930 | |||
| Manufacturing overhead applied | $215,730 | |||
| Machine hours expected to be used at normal capacity | 43,500 | |||
| Budgeted fixed overhead for June | $73,950 | |||
| Variable overhead rate per machine hour | $3.00 | |||
| Fixed overhead rate per machine hour | $1.70 |
Overhead is applied on the basis of standard machine hours. 3.00
hours of machine time are required for each direct labor hour. The
jobs were sold for $453,000. Selling and administrative expenses
were $39,300. Assume that the amount of raw materials purchased
equaled the amount used.
Compute all of the variances for (1) direct materials and (2) direct labor. (Round answers to 0 decimal places, e.g. 125.)
| (1) | Total materials variance | $ | FavorableUnfavorableNeither favorable nor unfavorable | |||
| Materials price variance | $ | FavorableUnfavorableNeither favorable nor unfavorable | ||||
| Materials quantity variance | $ | FavorableUnfavorableNeither favorable nor unfavorable | ||||
| (2) | Total labor variance | $ | FavorableUnfavorableNeither favorable nor unfavorable | |||
| Labor price variance | $ | FavorableUnfavorableNeither favorable nor unfavorable | ||||
| Labor quantity variance | $ | FavorableUnfavorableNeither favorable nor unfavorable |
eTextbook and Media
Compute the total overhead variance.
| Total overhead variance | $ | FavorableUnfavorableNeither favorable nor unfavorable |
eTextbook and Media
Prepare an income statement for management. (Ignore income taxes.) (Round answers to 0 decimal places, e.g. 125.)
*please solve the entire problem. i have tried to work it myself and i am not sure what to do.
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Ayala Corporation accumulates the following data relative to
jobs started and finished during the month of...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of...
Ayala Corporation accumulates the following data relative to
jobs started and finished during the month of June 2017.
Costs and Production Data
Actual
Standard
Raw materials unit cost
$2.20
$2.00
Raw materials units used
11,200
10,300
Direct labor payroll
$175,820
$169,830
Direct labor hours worked
14,900
15,300
Manufacturing overhead incurred
$202,750
Manufacturing overhead applied
$206,550
Machine hours expected to be used at normal capacity
43,500
Budgeted fixed overhead for June
$65,250
Variable overhead rate per machine hour
$3.00
Fixed overhead...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 Costs and Production Data Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual Standard $2.10 $1.90 11,300 10,700 $175,500 $171,360 15.000 15.300 $212,930...
Pharoah Corporation accumulates the following data relative to jobs started and finished during the month of...
Pharoah Corporation accumulates the following data relative to
jobs started and finished during the month of June 2020.
Costs and Production Data
Actual
Standard
Raw materials unit cost
$2.30
$2.20
Raw materials units
11,100
10,300
Direct labor payroll
$170,200
$164,160
Direct labor hours
14,800
15,200
Manufacturing overhead incurred
$202,600
Manufacturing overhead applied
$205,200
Machine hours expected to be used at normal capacity
43,500
Budgeted fixed overhead for June
$65,250
Variable overhead rate per machine hour
$3.00
Fixed overhead rate per...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard $2.10 11,400 $169,860 14,900 $211,720 $2.00 11,000 $165,680 15,200 Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard Raw materials unit cost $2.25 $2.10 Raw materials units 10,600 10,000 Direct labor payroll $120,960 $120,000 Direct labor hours 14,400 15,000 Manufacturing overhead incurred $189,500 Manufacturing overhead applied $193,500 Machine hours expected to be used at normal capacity 42,500 Budgeted fixed overhead for June $55,250 Variable overhead rate per machine hour $3.00 Fixed overhead rate per...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual $2.20 11,300 $166,500 15,000 $210,420 Standard $2.10 10,900 $159,600 15,200...
Problem 25-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and...
Problem 25-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 Actual Costs and Production Data Raw materials unit cost Raw materials units used 11,000 $162,0DO 14,800 $203,200 Standard $1.90 10,500 $159,500 15,200 Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Foced overhead rate per machine...
Pharoah Corporation accumulates the following data relative to jobs started and finished during the month of...
Pharoah Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard Raw materials unit cost $2.30 $2.20 Raw materials units 11,100 10,300 Direct labor payroll $170,200 $164,160 15,200 Direct labor hours 14,800 $202.600 Manufacturing overhead incurred $205,200 Manufacturing overhead applied Machine hours expected to be used at normal capacity 43,500 Budgeted fixed overhead for June $65,250 Variable overhead rate per machine hour $3.00 Fixed overhead rate per...
Ayala Corporation accumulates the following data... Please explain answers?
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020.Costs and Production DataActualStandardRaw materials unit cost$2.30$2.20Raw materials units11,10010,300Direct labor payroll$170,200$164,160Direct labor hours14,80015,200Manufacturing overhead incurred$202,600Manufacturing overhead applied$205,200Machine hours expected to be used at normal capacity43,500Budgeted fixed overhead for June$65,250Variable overhead rate per machine hour$3.00Fixed overhead rate per machine hour$1.50Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual $2.30 11,400 $157,940 14,900 $223,276 Standard $2.15 10,500 $153,520 15,200 Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour...
Ayala Corporation accumulates the following data relative to
jobs started and finished during the month of June 2017.
Costs and Production Data
Actual
Standard
Raw materials unit cost
$2.20
$2.00
Raw materials units used
11,200
10,300
Direct labor payroll
$175,820
$169,830
Direct labor hours worked
14,900
15,300
Manufacturing overhead incurred
$202,750
Manufacturing overhead applied
$206,550
Machine hours expected to be used at normal capacity
43,500
Budgeted fixed overhead for June
$65,250
Variable overhead rate per machine hour
$3.00
Fixed overhead...
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 Costs and Production Data Raw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual Standard $2.10 $1.90 11,300 10,700 $175,500 $171,360 15.000 15.300 $212,930...
Pharoah Corporation accumulates the following data relative to
jobs started and finished during the month of June 2020.
Costs and Production Data
Actual
Standard
Raw materials unit cost
$2.30
$2.20
Raw materials units
11,100
10,300
Direct labor payroll
$170,200
$164,160
Direct labor hours
14,800
15,200
Manufacturing overhead incurred
$202,600
Manufacturing overhead applied
$205,200
Machine hours expected to be used at normal capacity
43,500
Budgeted fixed overhead for June
$65,250
Variable overhead rate per machine hour
$3.00
Fixed overhead rate per...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard $2.10 11,400 $169,860 14,900 $211,720 $2.00 11,000 $165,680 15,200 Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual $2.20 11,300 $166,500 15,000 $210,420 Standard $2.10 10,900 $159,600 15,200...
Problem 25-2A (Part Level Submission) Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 Actual Costs and Production Data Raw materials unit cost Raw materials units used 11,000 $162,0DO 14,800 $203,200 Standard $1.90 10,500 $159,500 15,200 Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Foced overhead rate per machine...
Pharoah Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual Standard Raw materials unit cost $2.30 $2.20 Raw materials units 11,100 10,300 Direct labor payroll $170,200 $164,160 15,200 Direct labor hours 14,800 $202.600 Manufacturing overhead incurred $205,200 Manufacturing overhead applied Machine hours expected to be used at normal capacity 43,500 Budgeted fixed overhead for June $65,250 Variable overhead rate per machine hour $3.00 Fixed overhead rate per...
Problem 24-02A Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Actual $2.30 11,400 $157,940 14,900 $223,276 Standard $2.15 10,500 $153,520 15,200 Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour...
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