A Judge Yankee Dating Company produces a number of coholbased solvents for industrial contato preventions One of the solvents, Rit, is produced through an extensive disting process. Yankee Discling has developed the folowing standards for and Standard Quantity 2.18 ocas 9. ure 2002 For the month of August, Yankee Dating recorded the following activity related to the production of it Material purchased S ounce a cost of $13,325 There was no beginning inventory of how at the end of the month 3.050 ounces of remained indig wory The company employs 1 tons to work on production of Rot A u ch we wage of 150 hours at an average pay of $13.50 per hour d. Variable mancing over to the basis of direct boho wa M u ngu ad costs daring August totale 56.800. During August the compred 3.500 no Rio Regred: - Compute the price and t b. The materials were purchased o recommend that comes ric n seper who is the cont? not the contract Would you a.Computertonces the 21 pred in the the company speed with or technicians and more intere Meno Decond 3 compute the abov e cinc antes s urg Av Would your commend 27 Required: 1. For direct materials a. Compute the price and quantity wariances. b. The materials were purchased from a row supplier who recommend that the company signe contract? long term purchase contract. Would you 2. For direct labor a. Compute there and efficiency wariances be in the past, the 21technicians employed in the prodition of Ript consisted of rechnician and 16 . During August the company experimented with fewer senior technicians and more assistants in order to reduce barcoss Would you recommend that the new labor mixte continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answer is the tabs below. Req10 For direct or compute the rear eney visit the feet ch other are o rvat s A Judge Yankee Disting Company produces a number of alcohol-based solvents for industrial contamination prevention use. One of the solvents, Riptis produced through an extensive distilling process. Yankee Disting has developed the following standards for Ripit Direct mater standard quantity or hour 2.16 ounces 6. ure 0.00 hours Standard Price or Rate $15.00 Por ounce $15.00 per hour $31.5 Variable manufacturing overhead tal standard est part For the month of August, Yankee Disting recorded the following activity related to the production of Ripit a. Materials purchased, 10.500 ounces at a cost of $143,325 b. There was no beginning inventory of materials; however at the end of the month 3.050 ounces of material remained in ending Inventory The company employs 21 lab technicians to work on the production of Rip During August, they each worked on average of 150 hours at an average pay rate of $13.50 per hour d. Variable manufacturing overhead is assigned to Ripit on the basis of direct labor-hours. Variable manufacturing overhead costs during August totaled $6 BOO e. During August, the company produced 3.500 units of Riot Required: For direct materials Compute the price and quantity vonances b. The materials were purchased from a new super who is anxious to enter into a long term Durchase contact Would you recommend that the company sign the contract? 2. For direct labor a. Compute the rate and efficiency variances b. In the past, the 21technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistans. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs would you recommend that the new laboribe continued? 2. Compute the variable overhead rate and efficiency variances HUIS at an average pay rate of $13.50 per hour. d. Variable manufacturing overhead is assigned to Ripit on the basis of direct labor-hours. Variable manufacturing overhead costs during August totaled $6,800. e. During August, the company produced 3,500 units of Ripit. 00:18:48 Required: 1. For direct materials a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor a. Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28 Reg 3 For direct materials, compute the price and quantity variances indicate the effect of each variance by selecting favorable, "U" for unfavorable, and 'None" for no effect (.enere variance). Input all amounts as positive values.) for Materials price variante Materials quantity variance Reg18 > hours at an average pay rate of $13.50 per hour d. Variable manufacturing overhead is assigned to Ripit on the basis of direct labor hours. Variable manufacturing overhead costs during August totaled $6,800. e. During August, the company produced 3,500 units of Ripit Required: 1. For direct materials a. Compute the price and quantity variances b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor a Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers in the tabs below. Res 1A Reg 1 Req ZA For direct materials, the materials were purchased from a new supplier who tries to enter into a long-term purchase contract. Would you recommend that the company sign the contract? ONO recommend that the company sign the contract? 2. For direct labor a Compute the rate and efficiency variances b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor ml be continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers In the tabs below. For direct labor, compute the role and can "U" for unfavorable, and one for no effect the effect of each variance by se Teput ) potvrde Labor officiency variance JU Ints Required: 1. For direct materials: a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? X 00:18:15 2. For direct labor a. Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 2A Reg 2 In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 27 quring August totaled $6,800. e. During August, the company produced 3,500 units of Ripit. points Required: 1. For direct materials a. Compute the price and quantity variances b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? (8 00107 2. For direct labor a. Compute the rate and efficiency variances b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers in the tabs below. RIA Reg 1B Req2A Reg 28 Regis Compute the variable overhead rate and efficiency variances. (indicate the effect of each variance by selecting for favorable, U* for unfavorable, and "None" for no effect ( zero variance). Input all amounts as positive values.) V e overhead mate variance Variable overhead efficiency variance A Judge Yankee Dating Company produces a number of coholbased solvents for industrial contato preventions One of the solvents, Rit, is produced through an extensive disting process. Yankee Discling has developed the folowing standards for and Standard Quantity 2.18 ocas 9. ure 2002 For the month of August, Yankee Dating recorded the following activity related to the production of it Material purchased S ounce a cost of $13,325 There was no beginning inventory of how at the end of the month 3.050 ounces of remained indig wory The company employs 1 tons to work on production of Rot A u ch we wage of 150 hours at an average pay of $13.50 per hour d. Variable mancing over to the basis of direct boho wa M u ngu ad costs daring August totale 56.800. During August the compred 3.500 no Rio Regred: - Compute the price and t b. The materials were purchased o recommend that comes ric n seper who is the cont? not the contract Would you a.Computertonces the 21 pred in the the company speed with or technicians and more intere Meno Decond 3 compute the abov e cinc antes s urg Av Would your commend 27 Required: 1. For direct materials a. Compute the price and quantity wariances. b. The materials were purchased from a row supplier who recommend that the company signe contract? long term purchase contract. Would you 2. For direct labor a. Compute there and efficiency wariances be in the past, the 21technicians employed in the prodition of Ript consisted of rechnician and 16 . During August the company experimented with fewer senior technicians and more assistants in order to reduce barcoss Would you recommend that the new labor mixte continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answer is the tabs below. Req10 For direct or compute the rear eney visit the feet ch other are o rvat s A Judge Yankee Disting Company produces a number of alcohol-based solvents for industrial contamination prevention use. One of the solvents, Riptis produced through an extensive distilling process. Yankee Disting has developed the following standards for Ripit Direct mater standard quantity or hour 2.16 ounces 6. ure 0.00 hours Standard Price or Rate $15.00 Por ounce $15.00 per hour $31.5 Variable manufacturing overhead tal standard est part For the month of August, Yankee Disting recorded the following activity related to the production of Ripit a. Materials purchased, 10.500 ounces at a cost of $143,325 b. There was no beginning inventory of materials; however at the end of the month 3.050 ounces of material remained in ending Inventory The company employs 21 lab technicians to work on the production of Rip During August, they each worked on average of 150 hours at an average pay rate of $13.50 per hour d. Variable manufacturing overhead is assigned to Ripit on the basis of direct labor-hours. Variable manufacturing overhead costs during August totaled $6 BOO e. During August, the company produced 3.500 units of Riot Required: For direct materials Compute the price and quantity vonances b. The materials were purchased from a new super who is anxious to enter into a long term Durchase contact Would you recommend that the company sign the contract? 2. For direct labor a. Compute the rate and efficiency variances b. In the past, the 21technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistans. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs would you recommend that the new laboribe continued? 2. Compute the variable overhead rate and efficiency variances HUIS at an average pay rate of $13.50 per hour. d. Variable manufacturing overhead is assigned to Ripit on the basis of direct labor-hours. Variable manufacturing overhead costs during August totaled $6,800. e. During August, the company produced 3,500 units of Ripit. 00:18:48 Required: 1. For direct materials a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor a. Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28 Reg 3 For direct materials, compute the price and quantity variances indicate the effect of each variance by selecting favorable, "U" for unfavorable, and 'None" for no effect (.enere variance). Input all amounts as positive values.) for Materials price variante Materials quantity variance Reg18 > hours at an average pay rate of $13.50 per hour d. Variable manufacturing overhead is assigned to Ripit on the basis of direct labor hours. Variable manufacturing overhead costs during August totaled $6,800. e. During August, the company produced 3,500 units of Ripit Required: 1. For direct materials a. Compute the price and quantity variances b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? 2. For direct labor a Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers in the tabs below. Res 1A Reg 1 Req ZA For direct materials, the materials were purchased from a new supplier who tries to enter into a long-term purchase contract. Would you recommend that the company sign the contract? ONO recommend that the company sign the contract? 2. For direct labor a Compute the rate and efficiency variances b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor ml be continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers In the tabs below. For direct labor, compute the role and can "U" for unfavorable, and one for no effect the effect of each variance by se Teput ) potvrde Labor officiency variance JU Ints Required: 1. For direct materials: a. Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? X 00:18:15 2. For direct labor a. Compute the rate and efficiency variances. b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances. Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 2A Reg 2 In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 27 quring August totaled $6,800. e. During August, the company produced 3,500 units of Ripit. points Required: 1. For direct materials a. Compute the price and quantity variances b. The materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. Would you recommend that the company sign the contract? (8 00107 2. For direct labor a. Compute the rate and efficiency variances b. In the past, the 21 technicians employed in the production of Ripit consisted of 5 senior technicians and 16 assistants. During August the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances Complete this question by entering your answers in the tabs below. RIA Reg 1B Req2A Reg 28 Regis Compute the variable overhead rate and efficiency variances. (indicate the effect of each variance by selecting for favorable, U* for unfavorable, and "None" for no effect ( zero variance). Input all amounts as positive values.) V e overhead mate variance Variable overhead efficiency variance