Question

Problem 9-21 Multiple Products, Materials, and Processes (LO9-4, LO9-5] Mickley Corporation produces two products, Alphabs anComplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the standard cosComplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the materials priRequired 1 Required 2 Required 3 Compute the labor rate and efficiency variances for each operation. (Indicate the effect of

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Answer #1

Solution 1:

Standard Quantity or Hours Standard Price or Rate Standard Cost
Alpha6:
Direct materials-X442 3.00 kilos 2.30 per kilo 6.90
Direct materials-Y661 2.00 liters 1.30 per liter 2.60
Direct labor-Sintering 0.30 hours 23.00 per hour 6.90
Direct labor-Finishing 1.20 hours 19.50 per hour 23.40
    Total 39.80
Zeta7:
Direct materials-X442 5.00 kilos 2.30 per kilo 11.50
Direct materials-Y661 4.00 liters 1.30 per liter 5.20
Direct labor-Sintering 0.40 hours 23.00 per hour 9.20
Direct labor-Finishing 1.20 hours 19.50 per hour 23.40
    Total 49.30

Solution 2:

Direct Materials Variances
Direct Materials Variances-Material X442:
Materials price variance $2,980 U
Materials quantity variance $230 F
Direct Materials Variances-Material Y661:
Materials price variance $1,590 F
Materials quantity variance $8,970 U

Working:

Material X442: Price Variance
Actual Cost (Purchased) Standard cost for actual quantity
AQ * AP AQ * SP
14900 * $2.50 14900 * $2.30
$37,250 $34,270
$2,980 U
Material X442: Quantity Variance
Standard cost for actual quantity (Used) Standard Cost
AQ * SP SQ * SP
9400 * $2.30 9500 * $2.30
$21,620 $21,850
$230 F
Material Y661: Price Variance
Actual Cost (Purchased) Standard cost for actual quantity
AQ * AP AQ * SP
15900 * $1.20 15900 * $1.30
$19,080 $20,670
$1,590 F
Material Y661: Quantity Variance
Standard cost for actual quantity (Used) Standard Cost
AQ * SP SQ * SP
13900 * $1.30 7000 * $1.30
$18,070 $9,100
$8,970 U

Solution 3:

Direct Labor Variances
Direct Labor Variances-Sintering:
Labor rate variance $250 U
Labor efficiency variance $1,150 U
Direct Labor Variances-Finishing:
Labor rate variance $5,880 U
Labor efficiency variance $1,170 F

Working:

Sintering: Direct Labor Variances
Actual Cost Standard cost for actual quantity Standard Cost
AH * AR AH * SR SH * SR
1250 * $23.20 1250 * $23.00 1200 * $23.00
$29,000 $28,750 $27,600
$250 U $1,150 U
Finishing: Direct Labor Variances
Actual Cost Standard cost for actual quantity Standard Cost
AH * AR AH * SR SH * SR
2940 * $21.50 2940 * $19.50 3000 * $19.50
$63,210 $57,330 $58,500
$5,880 U $1,170 F
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