ACC 620 Spring 22 Homework CH7 Maria Karas 04/19/22347 Question 2, E7-29 (sro) Patto HW Score: 12.5% 05 of 4 points O Points of Save Assume that there we begangy of the red ma tels Dunge The Schuyler Corporation manches lamps has sets the towing its posted tes and deed manufacturing labor Cck the cow the stand) The nunder trished unsts budgeted for Jary 2000 was 790 750 units were ly produced Click the icon law) Requirement 1 Compute the January 2020 price and efficiency variances of drect meris and dred Let's begin by calculating the actual input at the budgeted price (Round your answers to the nearest who Ored mata purchases) Drect materials Drectmachung Add vot Actual Data Det materials 1.000 Drect manufacturing laber 480 x Standards Direct materials 104.70 per Direct manufacturing labor 0.5 hour at $31 per hour $47.00 1550 Help me solve this Calculator ASK my instructor Print Done Requirements Compute the Jary 2000 and ofyn of det and deact mandala 3. Comme on the Jery 2025 price and effomcy of Corporation Part Done Bann incorrect ACC 420-ring 22 Homework CH7 Detayl Help me solve this Calcula 50F Mostly cloudy Standards Done Queston 3, 7-2 O Actual Data A Requirements b Check answer 351 PM 4/15/2012 https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=623272376&q ACC 620-Spring 22 Homework: CH 7 Question 2 The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor (Click the icon to view the standards.) The number of finished units budgeted for January 2020 was 9,790, 9,750 units were actually produced. (Click the icon to view actual data.) Requirement 1. Compute the January 2020 price and efficiency variances of direct materials and direct manufacturing labor Let's begin by calculating the actual input at the budgeted price (Round your answers to the nearest whole dollar) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Actual input Help me solve this Calculat 50F Budgeted price Standards Cost Direct materials: 10 lb. at $4.70 per lb. Direct manufacturing labor: 0.5 hour at $31 per hour Print Done $ 47.00 15.50 Actu Actu Dire Direc Maria Karras 04/19/22 3:54 PM Question 2, E7-29 (similar to) enals and direct Part 1 of 8 HW Score: 12.5%, 0.5 of 4 points O Points: 0 of 1 Sav Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 97,900 lb, at a total cost of $469,920 Input price variances are isolated upon purchase. Input-efficiency variances a isolated at the time of usage Read the requirements turing labor. Actual Data Actual results in January 2020 were as follows Direct materials: 96,000 lb. used Direct manufacturing labor: 4,800 hours $157,200 - X 1. $ 47.00 15.50; 2. Requirements Compute the January 2020 price and efficiency variances of direct materials and direct manufacturing labor Prepare journal entries to record the variances in requirement 1. 3. Comment on the January 2020 price and efficiency variances of Schuyler Corporation G 4. Why might Schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time? Pearson N Print Done Check answer 4x >> 3:54 P 4/19/20