CandleGlow, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows: CandleGlow

Question:

CandleGlow, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows:

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CandleGlow has the following actual results for the month of February:

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Required:

Calculate the following for CandleGlow:

1. Direct materials price, quantity, and total spending variances.

2. Direct labor rate, efficiency, and total spending variances.

3. Variable overhead rate, efficiency, and total spending variances.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 15, 2024 08:03 AM

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CandleGlow, Inc., manufactures scented pillar candles. Its standard cost information for the month of February follows: CandleGlow

Question:

Direct costs Wax Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($10,000/40,000 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 15 oz. $ 0.05 per oz. $0.75 0.25 hr. 14.00 per hr. 3.50 0.40 per direct labor hour 0.10 0.25

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Managerial Accounting

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