11E It II: _= we: eztomheducationcom Ch 8 Hw - AC63073 0 Saved Help Save a an Submit Check my work The company incurred the following actual costs when it operated at 75% of capacity in October. Part4of4 Direct materials [61,550 1135. E $6.20 per 1b.} $ 381,300 Direct labor [21,000 hrs. 8 $11.40 per hr.) 239,400 Overhead costs Indirect materials $ 4 1 , 750 Indirect labor 1'16, 100 9 Power 1?, 250 points Repairs and maintenance 34 .. 50 0 DepreciationHui 1ding 25, mm Deprec iationMaehinery 9 S , 8 5 0 eBook Taxes and insurance 15 , 3|} 0 Supervision 279,250 635,000 Prlnt Total costs 31:305-700 References 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. {Indicate the effect of each variance by selecting for favorable. unfavorable, and No variance.) Expected production volume Production level achieved Volume variance Mc Grew G PB M Bb ( X UCSC UCSC HBR C S M + G ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252... # Ch 8 HW - ACG3073 Saved Help Save & Exit Submit Check my work 24 Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $6.00 per Ib. ) $24.00 Part 4 of 4 Direct labor (1.9 hrs. @ $11.00 per hr. ) 20.90 Overhead (1.9 hrs. @ $18.50 per hr. ) 35. 15 Total standard cost $80 . 05 9 points The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per eBook month at the 75% capacity level. Print Overhead Budget (758 Capacity) Variable overhead costs References Indirect materials $ 15,000 Indirect labor 75, 000 Power 15 , 000 Repairs and maintenance 30, 000 Total variable overhead costs $135,000 Fixed overhead costs Depreciation-Building 25 ,000 Depreciation-Machinery 71,000 Taxes and insurance 17,000 Supervision 279, 250 Total fixed overhead costs 392, 250 Total overhead costs $527, 250 The company incurred the following actual costs when it operated at 75% of capacity in October. Mc Graw G PB M Bb ( X UCSC UCSC HBR C S M + G ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2534%252... * # Ch 8 HW - ACG3073 Saved Help Save & Exit Submit Check my work 24 Required information Overhead Variance Report Part 4 of 4 For Month Ended October 31 Expected production volume 9 Production level achieved points Volume variance Flexible Budget Actual Results Fav. / Unfav. eBook Variable costs Indirect materials Print Indirect labor 5 References Power Repairs and maintenance 2 8 T Fixed costs Total overhead costs Mc Graw In In ID _= we: eztcmhedLicationccm Ch 8 Hw - AC63073 0 Saved Help Save 8 Exit Submit Check my work mode : This shows Iwhat is correct or incorrect for the work you have completed so far. it does not indicate completion. 23' Return to question 4. Compute the direct labor cost variance, including its rate and efficie ncyI variances. {Indicate the effect of each variance by selecting for favorable. unfavorable, and No variance. Round \"Rate per hour\" answers to two decimal places} 9 Answer is complete but not entirely correct. Actual hours 0 21.0000 239,400 Standard rate 0 11.000 231 .000 $ 1 3?,000 Direct lab-or rate variance 8.400 Unfavorabie Direct lab-or efciency variance 18?,000 Favorable Total direct labor variance mecca Favorable Mc Graw
