Computation of Variances and Other Missing Data
The following data for Bernie Company pertain to the production of 1,000 units of Product X during December. Selected data items are omitted. Fill in the missing amounts.
Direct materials (all materials purchased were used during period)
Standard cost per unit:
pounds at $3.20 per pound
Total actual cost:
pounds costing $10,626
Standard cost allowed for units produced: $9,600
Materials price variance: $Materials quantity variance: $704 U
Direct labor
Standard cost: 2.5 hours at $12.00
Actual cost per hour: $12.25
Total actual cost: $
Labor rate variance:
Labor efficiency variance: $144 F
Variable overhead
Standard costs:
hours at $4.00 per direct labor hour
Actual cost: $10,600
Variable overhead spending variance: $
Variable overhead efficiency variance: $
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Prob 12 3 C rate is Sz0.00 13) Machine-hours Fixed overhead cos fixed overhead data pertain...
Prob 12
3 C rate is Sz0.00 13) Machine-hours Fixed overhead cos fixed overhead data pertain to Ma kits for horses during March. The What is the a th flexible-budget variance for variable manufacturing overhead? Required5500 ofa,бrable B)KA300 favorable None of these answers is correct. unfav but not the 55.500 unfavorable The 1Jenny's Corporation manufactured 25,000 grooming kits for horses d d C ch. The fixed-Merhead cost-allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to Actual...
Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period...
Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: Chapter 10: Applying Excel M Data Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead 6 Standard Quantity 3.0 pounds 0.50 hours 0.50 hours $ $ $ Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 8 10 Actual results: Actual output Actual variable manufacturing overhead cost 12 $ 13 14 2,050 units 6,526.50 Actual...
Use the following information to answer the next six questions. Kartman Corporation makes a product with...
Use the following information to answer the next six questions. Kartman Corporation makes a product with the following standard costs: Standard Quantity Standard Cost or Hours Standard Price or Rate Per Unit Direct materials 6.5 pounds $ 7.00 per pound $ 45.50 Direct labor 0.6 hours $ 24.00 per hour $ 14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company...
2. Fortes Inc. has provided the following data concerning one of the products in its standard...
2.
Fortes 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 7.1 ounces 0.6 hours 0.6 hours Standard Price or Rate $ 7.30 per ounce $26.70 per hour $ 5.60 per hour The company has reported the following actual results for the product for...
Direct Material Variances Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantit...
Direct Material Variances Goldman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pounds per glass at the cost of $0.35 per pound. The actual result for one month’s production of 6,950 glasses was 1.3 pounds per glass, at the cost of $0.45 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance. Direct Labour Variances Goldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hours...
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 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...
Chrisman Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor Variable...
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...
Revise the data in your worksheet to reflect the results for the subsequent period as shown...
Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A B C D E 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Chapter 09: Applying Excel Data Exhibit 9-8: Standard Cost Card Inputs Standard Quantity Standard Price Direct materials 3.0 pounds $4.00 per pound Direct labor 0.50 hours $22.00 per hour Variable manufacturing overhead 0.50 hours $6.00 per hour Actual results: Actual output 2,040 units...
Please show all work to get to answer. Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a...
Please show all work to get to answer.
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 6,000 pounds of direct materials at $0.30 per pound, 48 direct labor hours at $8.50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 18 machine hours per batch. The following variable costs were...
Chapter 10: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your...
Chapter 10: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A 1 Chapter 10: Applying Excel 3 4 Data Exhibit 10-1: Standard Cost Card Inputs 6 Direct materials Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 7 Direct labor Variable manufacturing overhead 8 9 10 Actual results: 11 Actual output Actual...
Prob 12
3 C rate is Sz0.00 13) Machine-hours Fixed overhead cos fixed overhead data pertain to Ma kits for horses during March. The What is the a th flexible-budget variance for variable manufacturing overhead? Required5500 ofa,бrable B)KA300 favorable None of these answers is correct. unfav but not the 55.500 unfavorable The 1Jenny's Corporation manufactured 25,000 grooming kits for horses d d C ch. The fixed-Merhead cost-allocation rate is $20.00 per machine-hour. The following fixed overhead data pertain to Actual...
Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: Chapter 10: Applying Excel M Data Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead 6 Standard Quantity 3.0 pounds 0.50 hours 0.50 hours $ $ $ Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 8 10 Actual results: Actual output Actual variable manufacturing overhead cost 12 $ 13 14 2,050 units 6,526.50 Actual...
Use the following information to answer the next six questions. Kartman Corporation makes a product with the following standard costs: Standard Quantity Standard Cost or Hours Standard Price or Rate Per Unit Direct materials 6.5 pounds $ 7.00 per pound $ 45.50 Direct labor 0.6 hours $ 24.00 per hour $ 14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company...
2.
Fortes 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 7.1 ounces 0.6 hours 0.6 hours Standard Price or Rate $ 7.30 per ounce $26.70 per hour $ 5.60 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...
Please show all work to get to answer.
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 6,000 pounds of direct materials at $0.30 per pound, 48 direct labor hours at $8.50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 18 machine hours per batch. The following variable costs were...
Chapter 10: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A 1 Chapter 10: Applying Excel 3 4 Data Exhibit 10-1: Standard Cost Card Inputs 6 Direct materials Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 7 Direct labor Variable manufacturing overhead 8 9 10 Actual results: 11 Actual output Actual...
Most questions answered within 3 hours.
-
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 8 minutes ago -
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 15 minutes ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 16 minutes ago -
assuming that the boric acid, h3po3 present at the end of the
borax tritation has a...
asked 16 minutes ago -
When a carbonate solution is acidified, carbon dioxide is
produced.
2H+(aq) + CO32-(aq) → H2O(l) +...
asked 55 minutes ago -
A reaction has the following rate law: Rate =
kr[A][B]2. In experiment 1, the
concentrations of...
asked 53 minutes ago -
king owns a large number of public pay phones. as rhe use of
payphones decline deamatically,...
asked 56 minutes ago -
3.7 - A book is sitting on a table. The mass of the book
is 1...
asked 1 hour ago -
Which term describes the process by which a single strand of DNA
serves as a template...
asked 1 hour ago -
LAB FOOD DRING
ANSWER THE QUESTIONS:
Q1. What value is the moisture content versus time and...
asked 1 hour ago -
You are told that an object has zero acceleration. Two forces on
the object are: F_1...
asked 1 hour ago -
The usual starting point for preparing a master budget is
forecasting or estimating:
Multiple Choice
Sales....
asked 1 hour ago