Zodiac, Inc., manufactures a special fabric used in space suits. Zodiacs actual activity for the past month
Question:
Zodiac, Inc., manufactures a special fabric used in space suits. Zodiac’s actual activity for the past month Comotenenene variance follows: Problem; Review of Matemaliolinc Mase i... cc scr. omscwrahe ear corcasen.s 18,000 meters at $ .95 per meter Chapters 16 and 17 MateiiallSeG imac acc tatesna msataeste c cree 9,500 meters (LO 5)
Dikceiabo ter marr emt: watiie get etere 2,100 hours at $6.25 per hour Total MAanUfaciUrinG OVEFNEAM - oeee.e e nce $10,980 PIROLCIUICTIIOIN she ceGnencstecHaaabreon netcerdR eaecerr edr anpee rtree ea e 500 units The company’s standard costs are detailed as follows:
Directimaterial;.2Oimeters at $90, Deiter cae eke eee ss nese esc seen ease sarteanaaat $18 Directilabor:4 hours'al SE: Der NOUN mace.ceweMeete-oraa sneenan oerrmnor eeormene naeta no etss 24 Manufacturing overhead applied at five-sixths of direct-labor cost (Vaniableicosis Sil5 ifixeaCests — Goya. kek cite cea past retin nena tet cean a atone Agate 20 Variable selling and administrative COSt...........0008 bata lait Meare ent nh be ape nara eareeg ci 12 RIXechselling.anclachimimiStratlvercOS teen. enctentmaeeeter reset rseeten saeere eee eMeren se aatin attenr adh TOTALUMIECOST MN rt ccacnteucre meres tet evtuntrsSncswcnt esa cee eter lector 2 ae Eaten ane ee $81 Standards have been computed based on a budgeted activity level of 2,400 direct-labor hours per month.
Required Prepare variance analyses for the variable and fixed costs. Indicate which variances, if any, cannot be computed.
Step by Step Answer:
Cost Management Strategies For Business Decisions
ISBN: 12
4th Edition
Authors: Ronald Hilton, Michael Maher, Frank Selto