i need answer of 4,5,6,7Homework Answers
Direct Labour Efficiencey Variance = Standard Rate X ( Standard time for actual output - Actual time worked)
= $ 7 X ( 3 - 3.2)
= $ 7 X (-0.2)
= - 1.4 (A-adverse)
Managerial Suggestion = Adverse for direct labour efficiency variance in above calculatin and for labour efficiency need of improvement. It will avoid this adverse situation in organisation.
Variable Overhead Rate Variance = ( Actual hrs. worked X Actual variable overhead rate per hrs.) - ( Actual hrs. worked X Standard Variable overhead rate per hrs.)
= ( 2.2 X $ 3.10) - ( 2.2 X $ 3)
= $ 6.82 - $ 6.6
= 0.22 (F-Favourable)
Managerial Suggestion = In abover calculation Variable Overhead Rate Variance is very positive for this variance as per estimated and it should be continue with this target.
Variable Overhead Efficiency Variance = (Actual labour hrs. - standard labour hrs.) X Standard overhead rate
= ( 2.2 - 2.0) X $ 3.0
= 0.2 X 3.0
= 0.6 (F-favourable)
Managerial Suggestion = From above calculation of Variable Overhead Efficiency Variance is favourable and its more efficience as per anticipated variance and it should be try to continue with this perfection.
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i need answer of 4,5,6,7
Question 1: Triple Star Company's standard and actual costs per unit...
Header Question 1 Triple Star Company's standard and actual costs per unit are provided below for...
Header Question 1 Triple Star Company's standard and actual costs per unit are provided below for the most recent period. During this period, 500 units were actually produced Product Product Standard Cont Actual Cost Materials Metres Unit Price Per Metre Standard 4 $2.00 $8.00 Actual $1.90 $7.79 Direct labour Hours Hourly Rate Standard $7.00 $21.00 Actual 3.2 $6.50 $20.80 Variable overhead Hours Hourly Rate Standard 2 $3.00 $6.00 Actual 2.2 $3.10 $6.82 Total unit cost $35.00 $35.41 Required: Given the...
Triple Star Company's standard and actual costs per unit are provided below for the most recent...
Triple Star Company's standard and actual costs per unit are provided below for the most recent period During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres 4 $8.00 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3.2 $20.80 Hours Hourly Rate $6.00 $3.00 $3.10 2.2 1 $6.82 $35.41 $35.00 Required: Given the information above,...
Triple Star Company's standard and actual costs per unit are provided below for the most recent...
Triple Star Company's standard and actual costs per unit are provided below for the most recent period. During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost $8.00 Metres 4 4.1 Hours 3 3.2 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 $21.00 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost I 3 $20.80 Hours Hourly Rate 2 2.2 $6.00 $3.00 $3.10 $6.82 $35.41 $35.00 Required: Given...
Triple Star Company's standard and actual costs per unit are provided below for the most recent...
Triple Star Company's standard and actual costs per unit are provided below for the most recent per During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres $8.00 4 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3 3.2 $20.80 Hours Hourly Rate $6.00 2 2.2 $3.00 $3.10 $6.82 $35.41 $35.00 Required: Given the information...
Page Break Question 1: Triple Star Company's standard and actual costs per unit are provided below...
Page Break Question 1: Triple Star Company's standard and actual costs per unit are provided below for the most recent period During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres $8.00 4. 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3 3.2 $20.80 Hours Hourly Rate $6.00 2 19.2 $3.00 $3.10 $6.82 S35.41 $35.00...
А B I U ON A A A Question 1: rage or Triple Star Company's standard...
А B I U ON A A A Question 1: rage or Triple Star Company's standard and actual costs per unit are provided below for the most recent period. During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost $8.00 Metres 4 4.1 Hours 3 3.2 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 $7.79 $21.00 $20.80 Hours Hourly Rate...
yandard and actual costs per unit are provided below for the most recent period Brod 500...
yandard and actual costs per unit are provided below for the most recent period Brod 500 units were acully produced Product Standard Cost Product Actual Cost $8.00 Metres 4 4.1 Hours 3 3.2 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 $7.79 $21.00 3 $20.80 Hours Hourly Rate $6.00 $3.00 $3.10 2.2 $6.82 $35.41 $35.00 Required: Given the information above, compute the following variances....
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost $10.00 Metres 5 5.2 Hours 3 $11.44 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 $15.00 3.2 $17.60 Hours Hourly Rate 4 $12.00 $3.00 $3.10 4.2 $13.02 $42.06 $37.00 Required:...
Question 1: CNC Company's Budget and actual costs per unit are provided below for the most...
Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Product Standard Cost Actual Cost Materials Metres Unit Price Per Metre Standard 5 $2.00 $10.00 Actual 5.2 $2.20 $11.44 Direct labour Hours Hourly Rate Standard 3 $5.00 $15.00 Actual 3.2 $5.50 $17.60 Variable overhead Hours Hourly Rate Standard 4 $3.00 $12.00 Actual 4.2 $3.10 $13.02 Total unit cost $37.00 $42.06 Required: Given the...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost Metres $10.00 5.2 $11.44 Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost 3 3.2 $15.00 $17.60 Hours Hourly Rate 4 4.2 $12.00 $3.00 $3.10 $13.02 $42.06 $37.00 I Required...
Header Question 1 Triple Star Company's standard and actual costs per unit are provided below for the most recent period. During this period, 500 units were actually produced Product Product Standard Cont Actual Cost Materials Metres Unit Price Per Metre Standard 4 $2.00 $8.00 Actual $1.90 $7.79 Direct labour Hours Hourly Rate Standard $7.00 $21.00 Actual 3.2 $6.50 $20.80 Variable overhead Hours Hourly Rate Standard 2 $3.00 $6.00 Actual 2.2 $3.10 $6.82 Total unit cost $35.00 $35.41 Required: Given the...
Triple Star Company's standard and actual costs per unit are provided below for the most recent period During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres 4 $8.00 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3.2 $20.80 Hours Hourly Rate $6.00 $3.00 $3.10 2.2 1 $6.82 $35.41 $35.00 Required: Given the information above,...
Triple Star Company's standard and actual costs per unit are provided below for the most recent period. During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost $8.00 Metres 4 4.1 Hours 3 3.2 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 $21.00 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost I 3 $20.80 Hours Hourly Rate 2 2.2 $6.00 $3.00 $3.10 $6.82 $35.41 $35.00 Required: Given...
Triple Star Company's standard and actual costs per unit are provided below for the most recent per During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres $8.00 4 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3 3.2 $20.80 Hours Hourly Rate $6.00 2 2.2 $3.00 $3.10 $6.82 $35.41 $35.00 Required: Given the information...
Page Break Question 1: Triple Star Company's standard and actual costs per unit are provided below for the most recent period During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost Metres $8.00 4. 4.1 $7.79 Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost $21.00 3 3.2 $20.80 Hours Hourly Rate $6.00 2 19.2 $3.00 $3.10 $6.82 S35.41 $35.00...
А B I U ON A A A Question 1: rage or Triple Star Company's standard and actual costs per unit are provided below for the most recent period. During this period, 500 units were actually produced. Product Standard Cost Product Actual Cost $8.00 Metres 4 4.1 Hours 3 3.2 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 $7.79 $21.00 $20.80 Hours Hourly Rate...
yandard and actual costs per unit are provided below for the most recent period Brod 500 units were acully produced Product Standard Cost Product Actual Cost $8.00 Metres 4 4.1 Hours 3 3.2 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $1.90 Hourly Rate $7.00 $6.50 $7.79 $21.00 3 $20.80 Hours Hourly Rate $6.00 $3.00 $3.10 2.2 $6.82 $35.41 $35.00 Required: Given the information above, compute the following variances....
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost $10.00 Metres 5 5.2 Hours 3 $11.44 Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 $15.00 3.2 $17.60 Hours Hourly Rate 4 $12.00 $3.00 $3.10 4.2 $13.02 $42.06 $37.00 Required:...
Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Product Standard Cost Actual Cost Materials Metres Unit Price Per Metre Standard 5 $2.00 $10.00 Actual 5.2 $2.20 $11.44 Direct labour Hours Hourly Rate Standard 3 $5.00 $15.00 Actual 3.2 $5.50 $17.60 Variable overhead Hours Hourly Rate Standard 4 $3.00 $12.00 Actual 4.2 $3.10 $13.02 Total unit cost $37.00 $42.06 Required: Given the...
Page Break Question 1: CNC Company's Budget and actual costs per unit are provided below for the most recent period. During this period, 600 units were actually produced. Product Standard Cost Product Actual Cost Metres $10.00 5.2 $11.44 Unit Price Per Metre $2.00 $2.20 Hourly Rate $5.00 $5.50 Hours Materials Standard Actual Direct labour Standard Actual Variable overhead Standard Actual Total unit cost 3 3.2 $15.00 $17.60 Hours Hourly Rate 4 4.2 $12.00 $3.00 $3.10 $13.02 $42.06 $37.00 I Required...
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