Catch a Wave Company manufactures surfboards Its standard cost information follows Catch a Wave has the following actual results for the month of June Required Calculate the following for Catch a Wave 1 Direct materials price, quantity, and total spending variances 2 Direct labor rate, efficiency, ...

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Catch a Wave Company manufactures surfboards. Its standard cost information follows: Catch a Wave has the following

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Catch a Wave Company manufactures surfboards. Its standard cost information follows:

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Catch a Wave has the following actual results for the month of June:

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Required:

Calculate the following for Catch a Wave:

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

2. Direct labor 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 08:02 AM

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Catch a Wave Company manufactures surfboards. Its standard cost information follows: Catch a Wave has the following

Question:

Direct costs Fiberglass Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($20,000/250 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 15 sq. ft. $ 5 per sq. ft. 10 hrs. 15 per hr. 6 per direct labor hour $ 75.00 150.00 60.00 80.00

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Managerial Accounting

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