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5 small parts remaining to this question please E11-29A (similar to) Question Help Ceramics Etc. is a manufacturer of large flower pots for urban settings.
5 small parts remaining to this question please
E11-29A (similar to) Question Help Ceramics Etc. is a manufacturer of large flower pots for urban settings. The company has these standards: (Click the icon to view the standards.) (Click the icon to view the actual results.) Read the requirements. Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DL = Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. x( DL rate variance Standard Price and Volume x( Direct materials (resin) 8 pounds per pot at a cost of $6.00 per pound Requirements Direct labor... 4.0 hours at a cost of $17.00 per hour Standard variable manufacturing overhead rate 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. Budgeted fixed manufacturing overhead Standard fixed MOH rate. $8.00 per direct labor hour $32,000 $9.00 per direct labor hour (DLH) Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 5 parts remaining Clear All Check Answer Actual Results Ceramics Etc. allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,000 flower pots: Direct materials. Direct labor.. Purchased 9,400 pounds at a cost of $6.50 per pound; Used 8,700 pounds to produce 1,000 pots Worked 4.4 hours per flower pot (4,400 total DLH) at a cost of $16.00 per hour $8.70 per direct labor hour for total actual variable manufacturing overhead of $38,280 Actual variable manufacturing overhead. $31,500 Actual fixed manufacturing overhead Standard fixed manufacturing overhead allocated based on actual production .... $36,000 Print DoneStep by Step Solution
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