17. (Instruction Sheet Needed) Vienna produced 600 violins. To produce the violins, the company used 2,000...
17. (Instruction Sheet Needed) Vienna produced 600 violins. To produce the violins, the company used 2,000 pounds of direct materials at a total cost of $7,600. Vienna's materials price variance is:
18.(Instruction Sheet Needed) Vienna produced 600 violins. To produce the violins, the company used 2,000 pounds of direct materials at a total cost of $7,600. Vienna's materials quantity variance is:
19.(Instruction Sheet Needed) Vienna produced 600 violins. To produce the violins, employees worked 1,100 direct labor hours and the total amount paid for direct labor was $9,240. Vienna's labor rate variance is:
20.(Instruction Sheet Needed)
Vienna produced 600 violins. To produce the violins, employees
worked 1,100 direct labor hours and the total amount paid for
direct labor was $9,240. Vienna's labor efficiency variance is:
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17. (Instruction Sheet Needed) Vienna produced 600 violins. To
produce the violins, the company used 2,000...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ S4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ S4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced.. 600 units Direct material used. ..............
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ 84...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ 84 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. 600 units 2,000 pounds $11,400 $9,240 $5,720 Units...
The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the...
The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months follows: Number of foam cushions to be produced in July 113,000 Number of foam cushions to be produced in August 19,000 Number of foam cushions to be produced in September 6,000 Each cushion requires 44 pounds of the foam used as stuffing. The company has a policy that the ending inventory of foam each month must be equal to 15% of...
The (partial) cost sheet for the single product manufactured at Vienna Company follows. Thanks in advance,...
The (partial) cost sheet for the single product manufactured at
Vienna Company follows.
Thanks in advance, show the
steps please.
The (partial) cost sheet for the single product manufactured at Vienna Company follows. Direct labor Variable overhead Fixed overhead (15 hours @ $25) (15 hours @ $2) (15 hours @ $4) $375 30 60 The master budget level of production is 78,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials quantity variance? Multiple Choice 0 $3,050 unfavorable. 0 $460 unfavorable. 0 $3,460 unfavorable. 0 $3,000 unfavorable. 0 $410 unfavorable. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound...
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total,...
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total, price, and quantity variances for materials and labor. Total materials variance 473 Materials price variance Unfavorable Neither favorable nor unfavorable Favorable Materials quantity variance $ Total labor variance Labor price variance Labor quantity variance 110 Click if you would like to Show Work for this question: Open Show Work Exercise 23-7 Levine Inc., which produces a single product, has prepared the following standard cost...
Use the following information to answer the next four questions For each unit produced, a company...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
Use the following information to answer the next four questions For each unit produced, a company...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit@ $5 per hour $10 per unit Actual production figures for the past year are given below The company records the materials price variance when materials are purchased Units produced.. 600 units 2,000 pounds si1,400 S9,240 S5,720 Direct material...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced 600 units Direct material used .......
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ S4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced.. 600 units Direct material used. ..............
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ 84 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. 600 units 2,000 pounds $11,400 $9,240 $5,720 Units...
The (partial) cost sheet for the single product manufactured at
Vienna Company follows.
Thanks in advance, show the
steps please.
The (partial) cost sheet for the single product manufactured at Vienna Company follows. Direct labor Variable overhead Fixed overhead (15 hours @ $25) (15 hours @ $2) (15 hours @ $4) $375 30 60 The master budget level of production is 78,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information...
Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound to produce 2,000 units. What is the direct materials quantity variance? Multiple Choice 0 $3,050 unfavorable. 0 $460 unfavorable. 0 $3,460 unfavorable. 0 $3,000 unfavorable. 0 $410 unfavorable. Summerlin Company budgeted 4,100 pounds of material costing $6.00 per pound to produce 2,000 units. The company actually used 4,600 pounds that cost $6.10 per pound...
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total, price, and quantity variances for materials and labor. Total materials variance 473 Materials price variance Unfavorable Neither favorable nor unfavorable Favorable Materials quantity variance $ Total labor variance Labor price variance Labor quantity variance 110 Click if you would like to Show Work for this question: Open Show Work Exercise 23-7 Levine Inc., which produces a single product, has prepared the following standard cost...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
Use the following information to answer the next four questions For each unit produced, a company expects to use 4.5 pounds of material at a cost of $3.25 per pound. It also expects each unit to require 1.75 hours of direct labor to complete, and it expects the wage rate to be $13 per hour. During the month, the company purchased 35,000 pounds of material for $105.000, and used all 35,000 pounds of material to produce 8,000 units. The company...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit@ $5 per hour $10 per unit Actual production figures for the past year are given below The company records the materials price variance when materials are purchased Units produced.. 600 units 2,000 pounds si1,400 S9,240 S5,720 Direct material...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced 600 units Direct material used .......
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