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P23-27A (similar to) Question Helps Headstart manufactures headphone cases During September 2018, the company produced and sold 107,000 cases and recorded the folowing cost data nClck the icon to view the cost data) Read the reguirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cost variances. Select the required formulas, compute the cost variances for direct mateals and direct labor, and idently whether each variance is favorable (F) or untavorable () (ADbrvtions used AC acual cost AQ actual quantity, FOH fed overhead: SC standand cost S0 standerd quantity) Formula Variance Direct materials cost varance (AC SC)x AQ s10.600 U Direct labor cost variance (AC-SC)x AQ 246 U Next compute the efficiency variances. Select he required formulas, compute the efficiency variances for direct materials and direct labor, and identily whelher each variance is favorable ) or untavorable (u) (Astreviations used AC actl cost AQ actual quantity FOH fed overhead Sc-standard cost so standand quantity) Formul Variancer 340F (AQ-SQ)x SC (AQ-SQ) SC Direct materials efficlency variance Direct labor efficlency variance Choose from any list or enter any number in the input fields and then clck Check Answer, Check Answer Clear All parts amainino 107,000 cases and recorded the following cost data: i Data Table Standard Cost Information Quantity Cost 0.17 per part Direct Materials 2 parts Direct Labor 0.02 hours 9.00 per hour Variable Manufacturing Overhead 0.02 hours 10.00 per hour Fixed Manufacturing Overhead ($32,980 for static budget volume of 97,000 units and 1,940 hours, or $17 per hour) Actual Cost Information Direct Materials (212,000 parts@ $ 0.22 per part) $ 46,640 Direct Labor $ 9.15 per hour) (1,640 hours @ 15,006 Variable Manufacturing Overhead 10,000 Fixed Manufacturing Overhead 25,000 Print Done P23-27A (similar to) Question Helps Headstart manufactures headphone cases During September 2018, the company produced and sold 107,000 cases and recorded the folowing cost data nClck the icon to view the cost data) Read the reguirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cost variances. Select the required formulas, compute the cost variances for direct mateals and direct labor, and idently whether each variance is favorable (F) or untavorable () (ADbrvtions used AC acual cost AQ actual quantity, FOH fed overhead: SC standand cost S0 standerd quantity) Formula Variance Direct materials cost varance (AC SC)x AQ s10.600 U Direct labor cost variance (AC-SC)x AQ 246 U Next compute the efficiency variances. Select he required formulas, compute the efficiency variances for direct materials and direct labor, and identily whelher each variance is favorable ) or untavorable (u) (Astreviations used AC actl cost AQ actual quantity FOH fed overhead Sc-standard cost so standand quantity) Formul Variancer 340F (AQ-SQ)x SC (AQ-SQ) SC Direct materials efficlency variance Direct labor efficlency variance Choose from any list or enter any number in the input fields and then clck Check Answer, Check Answer Clear All parts amainino 107,000 cases and recorded the following cost data: i Data Table Standard Cost Information Quantity Cost 0.17 per part Direct Materials 2 parts Direct Labor 0.02 hours 9.00 per hour Variable Manufacturing Overhead 0.02 hours 10.00 per hour Fixed Manufacturing Overhead ($32,980 for static budget volume of 97,000 units and 1,940 hours, or $17 per hour) Actual Cost Information Direct Materials (212,000 parts@ $ 0.22 per part) $ 46,640 Direct Labor $ 9.15 per hour) (1,640 hours @ 15,006 Variable Manufacturing Overhead 10,000 Fixed Manufacturing Overhead 25,000 Print Done
