38 | |||||
Raw materials price variance=48100*(7.7-7)= | 33670 | U | |||
39 | |||||
Raw materials quantity variance=7*(42490-8500*5)= | 70 | F | |||
40 | |||||
Labor rate variance=2300*(21.7-21.3)= | 920 | U | |||
41 | |||||
Labor efficiency variance=21.3*(2300-8500*0.3)= | 5325 | F | |||
42 | |||||
Variable overhead rate variance=2300*(9.8-9.6)= | 460 | U | |||
41 | |||||
Variable overheadefficiency variance=9.6*(2300-8500*0.3)= | 2400 | F |
Pippin Inc. has provided the following data concerning one of the products in its standard cost...
3. DM variances (4pts): Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 5.0 grams $ 7.00 per gram Direct labor 0.30 hours $ 21.30 per hour Variable manufacturing overhead 0.30 hours $ 9.60 per hour The company planned to produce 8,300 units of...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.60 liters $ 8.20 per liter Direct labor 0.70 hours $ 26.70 per hour Variable manufacturing overhead 0.70 hours $ 7.10 per hour The company has reported the following actual results for the product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 7.1 ounces $ 7.30 per ounce Direct labor 0.6 hours $ 26.70 per hour Variable manufacturing overhead 0.6 hours $ 5.60 per hour The company has reported the following actual results for the product for...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.60 liters $ 8.20 per liter Direct labor 0.70 hours $ 26.70 per hour Variable manufacturing overhead 0.70 hours $ 7.10 per hour The company has reported the following actual results for the product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per Unit of Output 8.7 ounces 0.6 hours 0.6 hours Standard Price or Rate Inputs Direct materials Direct labor Variable manufacturing overhead 6.80 per ounce $28.70 per hour s 5.10 per hour 48 The company has reported the following actual results for the product for April:...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 8.10 liters 0.40 hours 0.40 hours Standard Price or Rate $ 7.70 per liter $28.70 per hour $ 6.60 per hour The company has reported the following actual results for the product for September:...
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 9. 10 liters 0.60 hours 0.60 hours Standard Price or Rate $ 8.70 per liter $38.70 per hour $ 7.60 per hour The company has reported the following actual results for the product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.3 ounces $ 6.40 per ounce Direct labor 0.7 hours $ 22.80 per hour Variable manufacturing overhead 0.7 hours $ 4.70 per hour The company has reported the following actual results for the product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 6.9 ounces $ 7.50 per ounce Direct labor 0.5 hours $ 28.70 per hour Variable manufacturing overhead 0.5 hours $ 5.80 per hour The company has reported the following actual results for the product for...
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.4 ounces $ 6.50 per ounce Direct labor 0.6 hours $ 23.80 per hour Variable manufacturing overhead 0.6 hours $ 4.80 per hour The company has reported the following actual results for the product for...