Solution 1:
Direct Material Cost Variance | ||||||||||||
Actual Cost | Standard cost for actual quantity | Standard Cost | ||||||||||
AQ * | AP = | AQ * | SP = | SQ * | SP = | |||||||
1333000 | $6.20 | $8,264,600.00 | 1333000 | $4.40 | $5,865,200.00 | 1350000 | $4.40 | $5,940,000.00 | ||||
$2,399,400.00 | U | $74,800.00 | F | |||||||||
Direct Material Price Variance | Direct Material Qty variance | |||||||||||
Direct material price variance | $2,399,400.00 | U | ||||||||||
Direct material quantity variance | $74,800.00 | F | ||||||||||
Direct material cost variance | $2,324,600.00 | U |
Solution 2:
Direct Labor Cost Variance | ||||||||||||
Actual Cost | Standard cost for actual quantity | Standard Cost | ||||||||||
AH * | AR = | AH * | SR = | SH * | SR = | |||||||
266000 | $12.50 | $3,325,000.00 | 266000 | $14.00 | $3,724,000.00 | 270000 | $14.00 | $3,780,000.00 | ||||
$399,000.00 | F | $56,000.00 | F | |||||||||
Direct Labor rate Variance | Direct Labor Efficiency Variance | |||||||||||
Direct Labor Rate variance | $399,000.00 | F | ||||||||||
Direct Labor Efficiency variance | $56,000.00 | F | ||||||||||
Direct labor cost variance | $455,000.00 | F |
solution 3:
Controllable Variance | ||
Actual overhead | $4,730,000.00 | |
Budgeted overhead | $4,800,000.00 | |
Controllable variance | $70,000.00 | F |
Fixed overhead volume variance | ||
Budgeted fixed overhead | $2,640,000.00 | |
Fixed overhead cost applied | $2,970,000.00 | |
Fixed overhead volume variance | $330,000.00 | F |
please answer in given format. yes, this is one question. Trico Company set the following standard...
please assist with the information provided: Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4.40 per Ib.) Direct labor (6 ha. @ $14 per hr.) Factory overhead-variable (6 hrs. @ $8 per hr.) Factory overhead-fixed 16 hrs. @ $11 per hr.) Total standard cost $132.00 84.00 48.00 66.00 $330.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter....
Trico Company set the following standard unit costs for its single product. Direct materials (30 lbs. @ $4 per Ib.) Direct labor (5 hrs. @ $14 per hr.) Factory overhead-variable (5 hrs. @ $8 per hr.) Factory overhead-fixed (5 hrs. @ $10 per hr.) Total standard cost $120.00 70.00 40.00 50.00 $280.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 60,000 units per quarter. The following flexible budget information is...
Trico Company set the following standard unit costs for its single product. Direct materials (29 Ibs. @ $3 per Ib.) $ 87.00 Direct labor (6 hrs. @ $6 per hr.) 36.00 Factory overhead—variable (6 hrs. @ $4 per hr.) 24.00 Factory overhead—fixed (6 hrs. @ $5 per hr.) 30.00 Total standard cost $ 177.00 The predetermined overhead rate is based on a planned operating volume of 70% of the productive capacity of 60,000 units per quarter. The...
[The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) $ 153.00 Direct labor (8 hrs. @ $14 per hr.) 112.00 Factory overhead—variable (8 hrs. @ $6 per hr.) 48.00 Factory overhead—fixed (8 hrs. @ $12 per hr.) 96.00 Total standard cost $ 409.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity...
Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4.80 per Ib.) $ 144.00 Direct labor (7 hrs. @ $14 per hr.) 98.00 Factory overhead—variable (7 hrs. @ $6 per hr.) 42.00 Factory overhead—fixed (7 hrs. @ $9 per hr.) 63.00 Total standard cost $ 347.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 64,000 units per quarter. The following flexible budget...
Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4.80 per Ib.) Direct labor (8 hrs. @ $16 per hr.) Factory overhead-variable (8 hrs. @ $9 per hr.) Factory overhead-fixed (8 hrs. @ $12 per hr.) Total standard cost $144.00 128.00 72.00 96.00 $440.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 59.000 units per quarter. The following flexible budget information is...
Required information The following information applies to the questions displayed below] Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. $4.80 per 1b.) Direct labor (6 hrs. e $14 per hr.) Factory overhead-variable (6 hrs.e $7 per hr.) Factory overhead-fixed (6 hrs. e $12 per hr.) $144.00 84.00 42.00 72.00 Total standard cost $342.00 The predetermined overhead rate is based on a planned operating volume of 80 % of the productive capacity of...
Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $4.80 per Ib.) Direct labor (7 hrs. @ $14 per hr.) Factory overhead-Variable (7 hrs. @ $6 per hr.) Factory overhead-Fixed (7 hrs. @ $9 per hr.) Total standard cost $144.00 98.00 42.00 63.00 $347.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 67,000 units per quarter. The following flexible budget information is...
[The following information applies to the questions displayed below.] Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.10 per Ib.) $ 153.00 Direct labor (4 hrs. @ $15 per hr.) 60.00 Factory overhead—variable (4 hrs. @ $6 per hr.) 24.00 Factory overhead—fixed (4 hrs. @ $11 per hr.) 44.00 Total standard cost $ 281.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity...
Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.00 per Ib.) $ 150.00 Direct labor (7 hrs. @ $14 per hr.) 98.00 Factory overhead—variable (7 hrs. @ $7 per hr.) 49.00 Factory overhead—fixed (7 hrs. @ $9 per hr.) 63.00 Total standard cost $ 360.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 61,000 units per quarter. The following flexible budget...