1) Unit produced and sold = 810000/40.50 = 20000 Units
2) Material quantity variance = (Standard qty-actual qty)Standard price
-32400 = (20000*2.5*16.20-16.20X)
16.20X = 842400
X(actual pound used) = 52000 Pounds
3) Material price variance = (Standard price-actual price)actual quantity
15080 = (16.20*52000-52000X)
52000X = 827320
X(actual price) = 15.91
4) Labor efficiency variance = (Standard hour-actual hour)Standard rate
-15800 = (20000*1*15.80-15.80X)
15.80X = 316000+15800
X(actual hour) = 21000 Hour
5) Labor rate variance = (Standard rate-actual rate)actual hour
-4200 = (15.80*21000-21000X)
21000X = 336000
X(actual rate) = 16
6) variable overhead efficiency variance = (20000-21000)*9.5 = 9500 U
Actual variable overhead = 190000+9500-4100 = 195400
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its stand...
Vitex, Inc, manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit (1) Standard Quantity or Hours 2.30 pounds 1.00 hours 1.00 hours (2) Standard Price or Rate $16.80 per pound $15.00 per hour $ 9.50 per hour Standard Cost (1) x (2) $38.64 $15.80 $ 9.5e $63.94 Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard...
Vitex, Inc. manufactures a popular consumer product and it has
provided the following data excerpts from its standard cost system:
Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate
Standard Cost (1) × (2) Direct materials 2.10 pounds $ 16.30 per
pound $ 34.23 Direct labor 1.00 hours $ 15.80 per hour $ 15.80
Variable manufacturing overhead 1.00 hours $ 9.30 per hour $ 9.30
Total standard cost per unit $ 59.33 Total Variances Reported
Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (2) Standard Standard Cost (1) Standard Quantity Price (1) x or Hours or Rate (2) per 2.20 pounds 16.70 pound 1.00 hours $15.80 per hour $15.80 1.00 hours * 9.60 per hour $ 9.60 $62.14 Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit $36.74 Total Variances Reported Standard Price Quantity or Cost or Rate Efficiency...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit (1) Standard Quantity or Hours 2.50 pounds 1.00 hours 1.00 hours (2) Standard Price or Rate $16.70 per pound $15.60 per hour $9.40 per hour Standard Cost (1) * (2) $41.75 $15.60 $ 9.40 $ 66.75 Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.20 pounds $ 16.20 per pound $ 35.64 Direct labor 1.00 hours $ 15.40 per hour $ 15.40 Variable manufacturing overhead 1.00 hours $ 9.50 per hour $ 9.50 Total standard cost per unit $ 60.54 Total Variances Reported Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.20 pounds $ 16.90 per pound $ 37.18 Direct labor 1.00 hours $ 15.50 per hour $ 15.50 Variable manufacturing overhead 1.00 hours $ 9.50 per hour $ 9.50 Total standard cost per unit $ 62.18 Total Variances Reported Standard Cost* Price...
Vitex, Inc. manufactures a popular consumer product and it has
provided the following data excerpts from its standard cost system:
Inputs Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit Quantity or Hours 2.20 pounds 1.00 hours 1.00 hours Price Or Rate $16.70 per pound $15.90 per hour $ 9.20 per hour Cost (1) (2) $36.74 $15.90 $ 9.20 $61.84 Direct materials Direct labor Variable manufacturing overhead Total Variances Reported Standard Price Quantity or Cost. Or Rate...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: (2) Standard Standard Cost (1) Standard Quantity (1) x (2) Price Inputs or Hours or Rate per 16.80 pound $15.40 per hour $. 36.96 $15.40 Direct materials Direct labor Variable manufacturing 2.20 pounds 1.00 hours 9.10 overhead 1.00 hours 9.10 per hour Total standard cost per $61.46 unit Variances Reported Price Quantity or or Rate Efficiency $33,600 U $15,400 U...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Sta (2) Standard Price or Rate (1) Standard Quantity or Hours Standard Cost (1) x (2) Inputs $ per $38.64 2.30 pounds 1.00 hours 16.80 pound $15.50 per hour $15.50 Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit 1.00 hours 9.40 per hour $ 9.40 $63.54 Total Variances Reported Standard Price Quantity or Cost* or Rate...
Vitex, Inc. manufactures a popular consumer product and it has provided the following data excerpts from its standard cost system: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 2.40 pounds $ 17.10 per pound $ 41.04 Direct labor 1.00 hours $ 15.30 per hour $ 15.30 Variable manufacturing overhead 1.00 hours $ 9.30 per hour $ 9.30 Total standard cost per unit $ 65.64 Total Variances Reported Standard Cost* Price...