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a. Calculate the materials' flexible budget for Job Alpha in July. b. Calculate the materials price variance for Job Alpha. c. Calculate the materials quantity
a. Calculate the materials' flexible budget for Job Alpha in July.
b. Calculate the materials price variance for Job Alpha.
c. Calculate the materials quantity variance for job Alpha in July.
d. Calculate the direct labor flexible budget for Job Alpha in July.
2. A company has the following information for Job Alpha during July: Units produced Actual materials used (and purchased) Actual Materials Cost Actual labor hours incurred Actual labor rate 565 7,831 lbs. 13.30 per pound 2,978 38.00 per hour The company applies manufacturing overhead to jobs based on direct labor hours. Additional information for the company in July is as follows: $ Total estimated labor hours Standard materials per unit Standard materials cost Standard labor hours per unit Standard labor rate Standard variable overhead Standard fixed overhead Actual total output in units Actual total labor hours 24,910 15.4 lbs. 12.10 per Ib. 6.20 33.00 per hour 6.60 per labor hour 4.40 per labor hour 1,660 2,460
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