7-35 Materials and manufacturing labor variances, standard costs. Consider the following selectod fe. per square yard, Rs 102; direct manufacturing labor costs, Rs 3,52,800; actual hours of ingat 9,000; labor price per hour, Rs 39.20. Required Show computations of price and elficiency variances for direct materials and direct manufacturing latioc. Give a plausible explanation of why the variances occurred. 7-36 Flexible budget. (Refer to Exercise 7-35) Suppose the static budget was for 24,000 units of butpun. Required Is the manager's gloe warranted? Piepare a report that provides a more detailed explanation of wity the static budget was not achieved. Actual output wes 20,000 units. 7-37 Flexible budget, direct materials and direct manufacturing labor variances. TNT manufactares bust statues of famous historical figures. All statues are the same size. Each unit requires the same amouat. of resources. The fallowing information is from the static budget for 2012 : Standard quantities, standard prices, and standard unit costs follow for direct materials and direct talacturing labor: manulacturing labor: Was Ris 59,40,000, based on 54,000kgs unts produced and sold was 6,000. Actual cost of direct materials used ally used were 25,000, at the rate of Rs 38 purchased at As 110 per kg. Direct manufacturing labor-hours actuRs 9,50,000. Actual fixed costs were Rs 10,05,000. This resulted in actual direct manufacturing labor cost of 1. Calculate sales-volume varience and flexible There were no beginning or ending inventories. 2. Compute price and efficiency variances for dible-budget variance. 7-38 Level 2 variance analysis, solve for unkown for direct materials and direct manufacturing labor. caps to beilparks and othat sports vere for unknowns. Home Sports manufactures and distributes baseball only 5, 00,000 caps were told. Besed on the followes plan for 2012 forecast sales of 6,00,000 caps. However, 7-35 Materials and manufacturing labor variances, standard costs. Consider the following selectod fe. per square yard, Rs 102; direct manufacturing labor costs, Rs 3,52,800; actual hours of ingat 9,000; labor price per hour, Rs 39.20. Required Show computations of price and elficiency variances for direct materials and direct manufacturing latioc. Give a plausible explanation of why the variances occurred. 7-36 Flexible budget. (Refer to Exercise 7-35) Suppose the static budget was for 24,000 units of butpun. Required Is the manager's gloe warranted? Piepare a report that provides a more detailed explanation of wity the static budget was not achieved. Actual output wes 20,000 units. 7-37 Flexible budget, direct materials and direct manufacturing labor variances. TNT manufactares bust statues of famous historical figures. All statues are the same size. Each unit requires the same amouat. of resources. The fallowing information is from the static budget for 2012 : Standard quantities, standard prices, and standard unit costs follow for direct materials and direct talacturing labor: manulacturing labor: Was Ris 59,40,000, based on 54,000kgs unts produced and sold was 6,000. Actual cost of direct materials used ally used were 25,000, at the rate of Rs 38 purchased at As 110 per kg. Direct manufacturing labor-hours actuRs 9,50,000. Actual fixed costs were Rs 10,05,000. This resulted in actual direct manufacturing labor cost of 1. Calculate sales-volume varience and flexible There were no beginning or ending inventories. 2. Compute price and efficiency variances for dible-budget variance. 7-38 Level 2 variance analysis, solve for unkown for direct materials and direct manufacturing labor. caps to beilparks and othat sports vere for unknowns. Home Sports manufactures and distributes baseball only 5, 00,000 caps were told. Besed on the followes plan for 2012 forecast sales of 6,00,000 caps. However