Please include steps for calculations
1) | Materials price variance | ||||||||
(Actual price - standard price)*AQ purchased | 52780/9100= | 5.8 | |||||||
(5.8 -7.4)*9100 | 18.5/2.5= | 7.4 | |||||||
14560 | F | ||||||||
Material Quantity variance | |||||||||
(actual qty used - std qty allowed)*SR | |||||||||
(9100 - 2900*2.5)*7.4 | |||||||||
13,690 | U | ||||||||
2) | Direcl labor rate variance | ||||||||
(Actual rate - standard rate )*actul hours | 13630/1000= | 13.63 | |||||||
(13.63-9)*1000 | 9180/1020 = | 9 | |||||||
4630 | U | 4.5/9 | 0.5 | ||||||
direct labor efficiency variance | |||||||||
(Actual hrs - standard hrs allowed)*standard rate | |||||||||
(1000 - 2900*.5)*9 | |||||||||
4,050 | F | ||||||||
3) | Variable overhead rate variance | ||||||||
(Actual rate - standard rate )*actul hours | |||||||||
(4640 - 2.4*1000) | 2448/1020= | 2.4 | |||||||
2240 | U | ||||||||
Variable overhead Efficiency variance | |||||||||
(Actual hrs - standard hrs allowed)*standard rate | |||||||||
(1000-2900*.5)*2.4 | |||||||||
1080 | F | ||||||||
Please include steps for calculations Marvel Parts, Inc., manufactures auto accessories. One of the company's products...
Marvel Parts, Inc, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,015 hours each month to produce 2,030 sets of covers. The standard costs associated with this level of production are: Per Set of...
Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,030 hours each month to produce 2,060 sets of covers. The standard costs associated with this level of production are as follows: Per...
Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are as follows: Total...
Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 630 hours each month to produce 2,100 sets of covers. The standard costs associated with this level of production are: Total Per...
Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,060 hours each month to produce 2,120 sets of covers. The standard costs associated with this level of production are: Total Per Set...
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: Total $40,560 $...
2. value: 10.00 points Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,230 hours each month to produce 2,050 sets of covers. The standard costs associated with this level of production...
please post all the solutions Marvel Parts Inc. manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car The company has a standard cost system in use for all of its products According to the standards that have been set for the seat covers, the factory should work 990 hours each month to produce 1980 sets of covers. The standard costs associated with this level of...
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: Total $ 40,560...
Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1.030 hours each month to produce 2,060 sets of covers. The standard costs associated with this level of production are: Direct materials Direct...