A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $10.50 per pound 0.5 hour per unit @ $80 per DLH $108 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August (3) Compute the total cost variance for August. Complete this question by entering your answers in the tabs below. Actual Results 15, 200 units $ 1,738,400 Required 1 Required 2 Required 3 Prepare the standard cost card showing standard cost per unit. Note: Round your final answers to 2 decimal places. Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds x DLH x DLH x Standard price or rate Standard cost per unit Required 2 > A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $10.50 per pound 0.5 hour per unit @ $80 per DLH $108 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August. (3) Compute the total cost variance for August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute total budgeted cost for production in August. Total budgeted cost Actual Results 15,200 units. $ 1,738,400 A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @ $10.50 per pound 0.5 hour per unit @ $80 per DLH $108 per DLH (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production in August (3) Compute the total cost variance for August. Complete this question by entering your answers in the tabs below. Actual Results 15, 200 units $ 1,738,400 Required 1 Required 2 Required 3 Compute the total cost variance for August. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Total cost variance < Required 2 Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @$8 per pound 3 DLH @ $15 per OLH 3 DLH @ $12 per DLH Actual Results 44, 100 pounds @ $8.10 per pound 25, 700 hours $15.50 per hour $ 318,300 8,700 units Compute the (1) direct materials price variance and (2) direct materials quantity variance Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit answers to 2 decimal places. AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price Actual Cost Standard Cost Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 5 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $12 per DLH. Actual Results 44,100 pounds @ $6.10 per pound 25,700 hours @ $15.50 per hour $318,300 8,700 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Pate per hour answers to 2 decimal places. AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost Standard Cost Lucia Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (15 pounds @ $5 per pound) Direct labor (3 hours @ $16 per hour) $ 75 48 During May the company incurred the following actual costs to produce 8.200 units. Direct materials (126,400 pounds @ $4.80 per pound) Direct labor (28,600 hours @ $16.10 per hour) $ 606,720 460,460 = AR Actual Rate SR Standard Rate = AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance, Actual Cost Required 2 > Standard Cost Lucia Company has set the following standard cost per unit for direct materials and direct labor Direct materials (15 pounds @ $5 per pound) Direct labor (3 hours @ $16 per hour)) $75 48 During May the company incurred the following actual costs to produce 8.200 units Direct materials (126,400 pounds @ $4.80 per pound) Direct labor (28,600 hours @ $16.10 per hour) $ 606,720 460,460 AR Actual Pate SP Standard Rate AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Note Indicate the effect of each vanance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places Actual Cost Required 1 Standard Cost 4 The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor AR Actual Rate SR Standard Rate AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. 16,300 pounds at $4.20 per pound 16,935 hours at $22 per hour i 30,600 0.50 pound at $4.15 per pound 0.50 hour at $23 per hour Required 1 Required 2 Compute the direct materials price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance, Actual Cost Standard Cost Required 2 > The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor AR = Actual Rate SR Standard Rate AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. 16,300 pounds at $4.20 per pound 16,935 hours at $22 per hour 30,600 0.50 pound at $4.15 per pound 0.50 hour at $23 per hour Required 1 Required 2 Compute the direct labor rate and efficiency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Required information The following information applies to the questions displayed below] Manuel Company predicts it will operate at 80% of its productive capacity Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period Flexible Budget at 80% Capacity Actual Results Production (in units) Overhead 52,750 48,400 Variable overhead Fixed overhead Total overhead $290,125 52,750 $ 342,875 $341,300 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26.375 DLH, computed as 52.750 units 05 DLH per unit 2. Compute the standard overhead applied 3. Compute the total overhead variance Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. 1. Standard overhead rate. 2 Standard overhead applied 3 Overhead variance Required information The following information applies to the questions displayed below] Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period Production (in units) Overhead Variable overhead Fixed overhead Flexible Budget at 80% Capacity 52,750 $ 290,125 52,750 Actual Results 48,400 Total overhead $ 342,875 $ 341,300 (1) Compute the overhead volume variance Indicate variance as favorable or unfavorable (2) Compute the overhead controllable variance Indicate variance as favorable or unfavorable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead volume variance. Indicate variance as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Volume Variance Volume variance Required 2 > Required information The following information applies to the questions displayed below) Manuel Company predicts it will operate at 80% of its productive capacity Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period Production (in units) Overhead Variable overhead Fixed overhead Flexible Budget at 80% Capacity 52,750 $ 290,125 52,750 Actual Results 48,400 Total overhead $ 342,875 $341,300 (1) Compute the overhead volume variance. Indicate variance as favorable or unfavorable. (2) Compute the overhead controllable variance. Indicate variance as favorable or unfavorable Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the overhead controllable variance. Indicate variance as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance Controllable variance Controllable variance Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 200 DLH per unit For March. the company planned production of 10,000 units (80% of its production capacity of 12.500 units) and prepared the following budger The company actually operated at 90% capacity (11.250 units) in March and incurred actual total overhead costs of $86.130 Overhead budget Production in units Budgeted variable overhead Budgeted fixed overhead 80% Operating Levels 10,000 $ 36,000 $ 46,000 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 20,000 DLH computed as 10,000 units 200 DLH per unit 2. Compute the total overhead variance 3. Compute the overhead controllable variance 4. Compute the overhead volume variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 20,000 DLH, computed as 10,000 units 2.00 DLH per unit. Note: Round your answer to 2 decimal places Standard overhead rate Required 2 > 33 24 bok nt Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 2.00 DLH per unit For March, the company planned production of 10,000 units (80% of its production capacity of 12.500 units) and prepared the following budget The company actually operated at 90% capacity (11.250 units) in March and incurred actual total overhead costs of $86,130 Overhead Budget Production in units Budgeted variable overhead. Budgeted fixed overhead 80% Operating Levels 10,000 $ 36,000 $ 46,000 1. Compute the standard overhead rate. Hint Standard allocation base at 80% capacity is 20.000 DLH. computed as 10.000 units 200 DLH per unit 2. Compute the total overhead variance. 3. Compute the overhead controllable variance 4. Compute the overhead volume variance Complete this question by entering your answers in the tabs below. D Required 1 Required 2 Required 3 Required 4 cences Compute the total overhead variance. Note: Indicate the effect of the Variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations Overhead variance Overhead variance Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 2.00 DLH per unit. For March, the company planned production of 10,000 units (80% of its production capacity of 12.500 units) and prepared the following budget. The company actually operated at 90% capacity (11.250 units) in March and incurred actual total overhead costs of $86.130. Overhead Budget Production in units) Budgeted variable overhead Budgeted fixed overhead 80% Operating Levels 10,000 $ 36,000 $46,000 1. Compute the standard overhead rate Hint Standard allocation base at 80% capacity is 20,000 DLH computed as 10,000 units 2.00 DLH per unit 2 Compute the total overhead variance 3. Compute the overhead controllable variance 4. Compute the overhead valume variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the overhead controllable variance. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Do not round intermediate calculations, Actual total overhead Budgeted flexible overnead Controllable Variance Total Controllable variance Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 200 DLH per unit For March the company planned production of 10,000 units (80% of its production capacity of 12.500 units) and prepared the following budget. The company actually operated at 90% capacity (11.250 units) in March and incurred actual total overhead costs of $86.130 Overhead Budget Production in units Budgeted variable overhead Budgeted fixed overhead 80% Operating Levels 10,000 $ 36,000 $ 46,000 1. Compute the standard overhead rate. Hint. Standard allocation base at 80% capacity is 20,000 DLH computed as 10,000 units 200 DLH per unit 2. Compute the total overhead variance 3. Compute the overhead controllable variance 4. Compute the overhead volume variance Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Required Compute the overhead volume variance. Required 4 Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance, Do not round intermediate calculations. Volume variance Volume Variance