The following summarized manufacturing data relate to Thomas Corporations April operations, during which 2,000 finished units of

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The following summarized manufacturing data relate to Thomas Corporation’s April operations, during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours.

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Determine the materials price and efficiency variances, labor rate and efficiency variances, and variable overhead spending and efficiency variances.

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Managerial Accounting For Undergraduates

ISBN: 9781618531124

1st Edition

Authors: Christensen, Theodore E. Hobson, L. Scott Wallace, James S.

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Question Posted: May 19, 2024 04:01 AM

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The following summarized manufacturing data relate to Thomas Corporations April operations, during which 2,000 finished units of

Question:

Direct material: Standard (2 lb. @ $9/lb.).. Actual (4,200 lb. @ $10.20/lb.) Direct labor: Standard (0.5 hr. @ $24/hr.). Actual (950 hrs. @$23.40/hr.).. Variable overhead: Standard (0.5 hr. @$6/hr.). Actual Total Standard Unit Costs Total Actual Costs $18 $42,840 12 22,230 3 6,450 $33 $71,520

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Managerial Accounting For Undergraduates

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