Inputs | Standard Quantity/Hours per unit of output | Standard price or rate |
direct materials | 6.7 grams | $7.80 per gram |
direct labor | .20 hours | $19 per hour |
variable manufacturing overhead | .2 hours | $8.30 per hour |
the company has reported the following actual results for the product for August
Actual output | 6,300 units |
raw materials purchased | 48,100 grams |
actual price of raw materials | $7 per gram |
raw materials used in production | 42,200 |
actual direct labor hours | 1,350 hours |
actual direct labor rate | $20.10 per hour |
actual variable overhead rate | $9.00 per hour |
a) compute materials price variance in august
b) compute materials quantity in august
c) compute labor variance for August
d) compute labor efficiency variance for august
e) compute the variable overhead rate variance for august
f) compute variable overhead efficiency variance for august
Inputs Standard Quantity/Hours per unit of output Standard price or rate direct materials 6.7 grams $7.80...
Blue Co. makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 7.4 grams $8.00 per gram Direct labor 0.3 hours $16.00 per hour Variable overhead 0.3 hours $7.00 per hour The company reported the following results concerning this product in July. Actual output 2,200 units Raw materials used in production 16,420 grams Purchases of raw materials 17,900 grams Actual direct labor-hours 720 hours Actual cost of raw materials purchases $141,410 Actual...
Schalger corporation makes a product with the following standard costs. Inputs------------------ Standard Quantity or hours Standard Price or rate Direct Materials-------------- 7.8 Kilos $1.00 per kilo Direct Labor------------------- 0.4 Hours $18.00 per hour Variable Overhead----------- 0.4 Hours $3.00 per hour The company reported the following results concerning this product in August. Actual output----------------------------- 8500 units Raw materials used in production--------------- 65,550 Kilos Purchases of raw materials----------------- 69,000 kilos Actual Direct labor-hours--------------- 3,410 hours Actual cost of raw materials purchases---------- $75,900...
Chrisman Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor Variable overhead Standard Quantity or Hours 8.8 pounds 1.4 hours 1.4 hours Standard Price or Rate $2.00 per pound $20.00 per hour $10.00 per hour The company reported the following results concerning this product in August. Actual output Raw materials used in production Raw materials purchased Actual direct labor hours Actual cost of raw materials purchased Actual cost of direct labor Actual cost of variable...
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.5 grams $ 1.00 per gram Direct labor 0.7 hours $ 11.00 per hour Variable overhead 0.7 hours $ 2.00 per hour The company reported the following results concerning this product in July. Actual output 3,000 units Raw materials used in production 11,370 grams Actual direct labor-hours 1,910 hours Purchases of raw materials 12,100 grams Actual price of raw materials...
Hurren Corporation makes a product with the following standard costs: Standard Standard Price Standard Cost Quantity or Per Unit or Rate Hours $8.00 per gram Direct materials 4.0 grams $32.00 $7.20 $12.00 per hour Direct labor 0.6 hours Variable $8.00 per hour $4.80 0.6 hours overhead The company reported the following results concerning this product in June. 7,300 Originally budgeted output units Actual output 7,200 units Raw materials used in production 28,340 grams 4,100 Actual direct labor-hours hours Purchases of...
Question 16 Blomdahl Corporation makes a product with the following standard costs: Inputs Standard Quantity/Hours Standard Price/Rate Direct Materials 5.5 kilos $8.00 per kilo Direct Labor 0.5 Hours $21.00 per hour Variable Overhead 0.5 Hour $5.00 per hour The company reported the following results concerning this product in October 7,500 units 41,100 kilos 2,800 hours Actual Output Purchase of raw materials Actual direct labor-hours Raw materials used in production Cost of raw materials Cost of direct labor Actual variable overhead...
Kowaleski Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 4.9 grams $ 7.00 per gram Direct labor 0.6 hours $ 14.00 per hour Variable overhead 0.6 hours $ 4.00 per hour In June the company produced 4,200 units using 21,830 grams of the direct material and 2,580 direct labor-hours. During the month the company purchased 24,100 grams of the direct material at a price of $6.80 per gram. The...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.10 grams $ 5.00 per gram $ 30.50 Direct labor 0.20 hours $ 11.00 per hour $ 2.20 Variable overhead 0.20 hours $ 4.00 per hour $ 0.80 The company reported the following results concerning this product in June: Originally budgeted output 3,100 units Actual output 3,180 units Raw materials used in production 18,508 grams Purchases...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.00 grams $14.00 per gram $98.00 Direct labor 0.20 hours $20.00 per hour $ 4.00 Variable overhead 0.20 hours $ 7.00 per hour $ 1.40 The company reported the following results concerning this product in June: Originally budgeted output 4,000 units Actual output 4,080 units Raw materials used in production 25,996 grams Purchases of raw materials...
idd Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.4 grams $2.00 per gram $8.80 Direct labor 0.5 hours $15.00 per hour $7.50 Variable overhead 0.5 hours $2.00 per hour $1.00 The company reported the following results concerning this product in November. Originally budgeted output 9,200 units Actual output 9,300 units Raw materials used in production 44,760 grams Purchases of raw materials...