-/9 Question 1 of 3 View Policies Current Attempt in Progress Shetheld Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materias-1 pound plasticate.De per pound $8.00 Direct laboroso hours at $11.10 per hour 5:55 Variable manufacturing overhead 275 Fixed manufacturing over 525 Total standard cost per unit $2255 The predetermined unufacturing overtrede 53 percibo how $2.00 -0.50lt was computed from a master manufacturing overhead budget based on normal production of 2500 direct labor hours 5.000 units for the month The master budget showed total variable costs of 13.750 15.50 per hour and total fried overhead cons of $26.250 1510.50 per hour. Actual costs for October in producing 3,900 units were as follow $32.886 Direct materials 4060 pounds Direct labor 1.750 hours Variable overhead Fixed overhead Total manufacturing costs 19.950 21.838 11.362 556.035 The purchasing department buys the quantities atramaterials that are opected to be used in production each month Row material inventories, therefore can be ignored. tal Compute all of the material and stor variance s Total materiais variance Materials price variance 5 Materials quantity 5 Totallsbor variance Labor price variance $ Labor quantity variance bi Compute the total verte variance Total overhead variances eTextbook and Media Shwer Attempts of used Question 2 of 3 > -16 E View Policies Current Attempt in Progress Sheridan Company produces and sells automobile batteries, the heavy-dutyHD-240. The 2022 sales forecast is as follows Quarter HD-240 1 4.400 2 6,160 3 7,040 4 8.800 The January 1, 2022. inventory of HD-240 is 1760 units. Management desires an ending inventory eachquarter equal to 40% of the next quarter's sales Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022 Prepare quarterly production budgets for each quarter and in total for 2022 SHERIDAN COMPANY Production Budget Product HD-240 Quart 2 : eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer - 76 Question 3 of 3 View Policies Current Attempt in Progress Coronado Industries has adopted the following production budget for the first 4 months of 2022 Units Month Units Month January February 11,800 March 5.900 9.440 April 4.720 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2021, the ending raw materials inventory was 4.720 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. CORONADO INDUSTRIES Direct Materials Purchases Budget January February $ eTextbook and Media Svelar Liter Attempts: 0 of 3 used Submit