Homework Answers
|
1. Voh rate variance = (SR-AR) *AH = (6.60-9424/1520)*1520 = 608 F |
|
|
2. Voh efficiency variance = (SH-AH) *SR = (8700*0.40 - 3610)*4.80 = 624 U |
|
|
3. Materials Quantity Variance = (SQ-AQ) *SP = (4600*2.5 - 12,000)*5 = 2500 U |
Add Answer to:
2. Irving Corporation makes a product with the following standards for direct labor and variable overhead:...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity or Hours 0.4 hours 2.4 hours Standard Price or Rate $21.ee per hour $ 6.00 per hour Standard Cost Per Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company...
Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity...
Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Direct labor 0.50 hours $ 30.00 per hour Variable overhead 0.50 hours $ 5.00 per hour In August the company produced 8,900 units using 4,620 direct labor-hours. The actual variable overhead cost was $21,714. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for August is:
2. Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of stan...
2.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Price or Standard Standard Quantity 6.70 pounds Rate Cost $ 3.35 Direct materials $ .50 per pound $42.50 per hour $ 9.40 per hour Direct labor 0.40 hours $17.00 $ 3.76 Variable manufacturing overhead 0.40 hours During March, the following...
Mlar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead...
Mlar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 12.5 pounds 0.8 hours 0.8 hours Standard Price or Rate $12.00 per pound $37.00 per hour $17.50 per hour In January the company produced 3.480 units using 13,920 pounds of the direct material and 2,904 direct labor hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,680. The actual direct labor cost...
Landram Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead...
Landram Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 kilos 1.7 hours 1.7 hours Standard Price or Rate $7.00 per kilo $13.00 per hour $7.00 per hour in March the company produced 4.700 units using 10,350 kilos of the direct material and 2,330 directllabor- hours. During the month, the company purchased 10,920 kilos of the direct material at a cost of $76,800. The actual direct labor cost was...
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...
Desue Corporation makes a product with the following standards for labor and variable overhead: Standard Quantity...
Desue Corporation makes a product with the following standards for labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct labor 0.1 hours $19.00 per hour $1.90 Variable overhead 0.1 hours $7.00 per hour $0.70 The company budgeted for production of 6,500 units in December, but actual production was 6,300 units. The company used 610 direct labor-hours to produce this output. The actual variable overhead rate was $6.40 per hour. The company applies...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 7.80 pounds 0.40 hours 0.40 hours Standard Price or Rate $ 1.10 per pound $53.50 per hour $10.50 per hour Standard Cost $ 8.58 $ 21.40 $ 4.20 During March, the following activity...
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead...
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity od Standard Price or Hours Rate 10.00 grams $4.00 per gram 0.1 hours $17.00 per hour 0.1 hours $4.00 per hour Standard Cost Per Unit $40.00 $1.70 $0.40 The company reported the following results concerning this product in June. Originally budgeted output : Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials...
Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card...
Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D specifies 6.4 direct labor-hours per unit of D80D. The standard variable overhead rate is $5.90 per direct labor-hour. During the most recent month, 1,100 units of product D80D were made and 7,100 direct labor-hours were worked. The actual variable overhead incurred was $45,230. Required: a. What was the variable overhead rate variance for the month? b. What was the variable overhead...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity or Hours 0.4 hours 2.4 hours Standard Price or Rate $21.ee per hour $ 6.00 per hour Standard Cost Per Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company...
2.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Price or Standard Standard Quantity 6.70 pounds Rate Cost $ 3.35 Direct materials $ .50 per pound $42.50 per hour $ 9.40 per hour Direct labor 0.40 hours $17.00 $ 3.76 Variable manufacturing overhead 0.40 hours During March, the following...
Mlar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 12.5 pounds 0.8 hours 0.8 hours Standard Price or Rate $12.00 per pound $37.00 per hour $17.50 per hour In January the company produced 3.480 units using 13,920 pounds of the direct material and 2,904 direct labor hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,680. The actual direct labor cost...
Landram Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 kilos 1.7 hours 1.7 hours Standard Price or Rate $7.00 per kilo $13.00 per hour $7.00 per hour in March the company produced 4.700 units using 10,350 kilos of the direct material and 2,330 directllabor- hours. During the month, the company purchased 10,920 kilos of the direct material at a cost of $76,800. The actual direct labor cost was...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 7.80 pounds 0.40 hours 0.40 hours Standard Price or Rate $ 1.10 per pound $53.50 per hour $10.50 per hour Standard Cost $ 8.58 $ 21.40 $ 4.20 During March, the following activity...
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity od Standard Price or Hours Rate 10.00 grams $4.00 per gram 0.1 hours $17.00 per hour 0.1 hours $4.00 per hour Standard Cost Per Unit $40.00 $1.70 $0.40 The company reported the following results concerning this product in June. Originally budgeted output : Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials...
Most questions answered within 3 hours.
-
If you’re standing at the bottom of a hill and asked to evaluate
it while being...
asked 1 minute ago -
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 1 hour ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 1 hour ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 2 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 2 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 3 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 3 hours ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 3 hours ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 3 hours ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 4 hours ago -
The University of
Texas recently reported that 43% of college students aged 18-24
would spend their...
asked 4 hours ago -
The length of stay at a specific emergency department in
Phoenix, Arizona, in 2009 had a...
asked 3 hours ago