1. Voh rate variance = (SR-AR) *AH = (7-3600/480)*480 = 240 U |
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2. Voh efficiency variance = (SH-AH) *SR = (2600*0.4 - 470)*6 = 3420 F |
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3. Labor rate variance = (SR-AR) *AH = (14-12400/550)*550 = 4700 U |
Tharaldson Corporation makes a product with the following standard costs:
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.6 ounces $ 7.00 per ounce $ 39.20 Direct labor 0.7 hours $ 10.00 per hour $ 7.00 Variable overhead 0.7 hours $ 7.00 per hour $ 4.90 The company reported the following results concerning this product in June. Originally budgeted output 4,000 units Actual output 4,000 units Raw materials used in production 23,000 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.5 ounces $ 3.00 per ounce $ 22.50 Direct labor 0.9 hours $ 19.00 per hour $ 17.10 Variable overhead 0.9 hours $ 8.00 per hour $ 7.20 The company reported the following results concerning this product in June. Originally budgeted output 2,900 units Actual output 2,500 units Raw materials used in production 20,700 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.4 ounces $ 3.00 per ounce $ 16.20 Direct labor 0.7 hours $ 12.00 per hour $ 8.40 Variable overhead 0.7 hours $ 9.00 per hour $ 6.30 The company reported the following results concerning this product in June. Originally budgeted output 4,200 units Actual output 4,200 units Raw materials used in production 20,400 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.4 ounces $ 3.00 per ounce $ 16.20 Direct labor 0.5 hours $ 12.00 per hour $ 6.00 Variable overhead 0.5 hours $ 9.00 per hour $ 4.50 The company reported the following results concerning this product in June. Originally budgeted output 4,200 units Actual output 4,200 units Raw materials used in production 20,400 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.0 ounces $ 3.00 per ounce $ 21.00 Direct labor 0.3 hours $ 14.00 per hour $ 4.20 Variable overhead 0.3 hours $ 9.00 per hour $ 2.70 The company reported the following results concerning this product in June. Originally budgeted output 2,400 units Actual output 2,900 units Raw materials used in production 22,000 ounces Purchases...
Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials6.4 ounces$3.00 per ounce$19.20Direct labor0.4 hours$13.00 per hour$5.20Variable overhead0.4 hours$5.00 per hour$3.00
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Standard Cost Hours Per Unit $8.00 per gram $12.00 per hour $8.00 per hour 4.0 grams 0.6 hours 0.6 hours $32.00 $7.20 $4.80 Direct materials Direct labor Varlable overhead The company reported the followling results concerning this product In June. Originally budgeted output Actual output Raw materlals used in production Purchases of raw materlals Actual direct labor-hours Actual cost of raw materlals purchases...
Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Cost Per Unit Standard Price or Rate Direct Materials Direct Labor Variable Overhead 3.0 ounces 0.7 hours 0.7 hours $7.00 per ounce $20.00 per hour $5.00 per hour $21.00 $14.00 $ 3.50 The company reported the following results concerning this product in December: Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials...
Kennedy Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost per Unit Direct materials 8.2 pounds $7.00 per pound $57.40 Direct labor 0.4 hours $20.00 per hour $8.00 Variable overhead 0.4 hours $2.00 per hour $0.80 The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pounds of direct material and 980 direct labor-hours to produce this output. The company...
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...