Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs | Standard Quantity or Hours per Unit of Output | Standard Price or Rate | |||||||||
Direct materials |
9.10 |
liters | $ | 8.70 | per liter | ||||||
Direct labor | 0.60 | hours | $ | 38.70 | per hour | ||||||
Variable manufacturing overhead | 0.60 | hours | $ | 7.60 | per hour | ||||||
The company has reported the following actual results for the product for September:
Actual output | 11,300 | units | |
Raw materials purchased | 104,700 | liters | |
Actual cost of raw materials purchased | $ | 929,500 | |
Raw materials used in production | 102,860 | liters | |
Actual direct labor-hours | 6,500 | hours | |
Actual direct labor cost | $ | 255,302 | |
Actual variable overhead cost | $ | 44,414 | |
Required:
a. Compute the materials price variance for September.
b. Compute the materials quantity variance for September.
c. Compute the labor rate variance for September.
d. Compute the labor efficiency variance for September.
e. Compute the variable overhead rate variance for September.
f. Compute the variable overhead efficiency variance for September.
(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
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Kropf Inc. has provided the following data concerning one of the products in its standard cost...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 9. 10 liters 0.60 hours 0.60 hours Standard Price or Rate $ 8.70 per liter $38.70 per hour $ 7.60 per hour The company has reported the following actual results for the product for...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.60 liters $ 8.20 per liter Direct labor 0.70 hours $ 26.70 per hour Variable manufacturing overhead 0.70 hours $ 7.10 per hour The company has reported the following actual results for the product for...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.60 liters $ 8.20 per liter Direct labor 0.70 hours $ 26.70 per hour Variable manufacturing overhead 0.70 hours $ 7.10 per hour The company has reported the following actual results for the product for...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.10 liters 0.40 hours 0.40 hours Standard Price or Rate $ 7.70 per liter $28.70 per hour $ 6.60 per hour The company has reported the following actual results for the product for September:...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.60 liters $ 8.20 per liter Direct labor 0.70 hours $ 26.70 per hour Variable manufacturing overhead 0.70 hours $ 7.10 per hour The company has reported the following actual results for the product for...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.90 liters $ 8.50 per liter Direct labor 0.50 hours $ 29.70 per hour Variable manufacturing overhead 0.50 hours $ 7.40 per hour The company has reported the following actual results for the product for...
g Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit Standard Price or of Output Rate 7.70 liters $ 7.30 per liter 0.50 hours $24.70 per hour 0.50 hours $ 6.20 per hour The company has reported the following actual results for the product for...
23 Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. 10 Standard Quantity or Hours per Unit of Output 7.90 liters e.50 hours e.50 hours Inputs Direct materials Direct labor Variable manufacturing overhead points Standard Price or Rate $ 7.50 per liter $26.70 per hour $ 6.40 per hour eBook The company has reported the following actual results for...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.90 liters 0.50 hours 0.50 hours Standard Price or Rate $ 8.50 per liter $29.70 per hour $ 7.40 per hour The...
TB Problem Qu. 10-224 Kropf Inc. has provided the following data ... Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.90 liters 9.50 hours 3.se hours Standard Price or Rate $ 8.50 per liter $29.78 per hour $ 7.40 per hour The...