ACCT 225 - Managerial Accounting Case Assignment 2 Name Bestan, Student Number Part 3: Variance Analysis (18 marks) At the end of the year, the region and its product to include a bunes whes with laptop content. The product Shemale panded into the the wwport such Your Windong for the cry pentru bo for potential basis in the region. Both control managers ested the following standards for each andare con Det DLR 560 14h mang Space 30 machine how Dita Management made the content presentes decisions for future production in dem The December 14.00 utcanes is provided tomation respecting the product line formal 14 utcasts petarted to reading machine hon smith The Fund well budete ente 14 SOOD Son LP Varlato Variable Total Comune Less Feed Manctus 3440 19,200 11 $2702 000 Trapers Refine cond Hand 2103 MALNO wing processes Ny ordered The managers have provided you the following additional information respecting operations and costs for the year 22,400 matched Price pale per 23,900 din production 11 370 Dictaboureun word 5524 per hour 40317 machine her 554519 verable incurred AB variances are doned to contos at the end of the focal period ** Finished cost and work properties cantand do not need to be mine Part timur 1. Complete acested belowite sure to dearly the name of chance presented. 14 Directionaries Dettbewww . VOwerheden bed when we Not and your create the redor Provide an exploration management of potentielt vatants oth out ative and for two mountarios retos de cances resulting roma cordabove bude regation was that have relaties with each other, 14 mi) ACCT 225 - Managerial Accounting Case Assignment 2 Name: Baytan, Student Number 181182 Part 3: Variance Analysis (18 marks) At the beginning of the year, the Canary Region expanded its product line to include abiston wheck with a laptop compartment. This product line may be expanded into the regions if the pro uports such expansion. Your anal wil ist in desion making mot just for the existing Calgaryen operations but also for potential expansion into other repon. Bured on research conducted, replonal managers established the following standards for each state Standard antity of our standard Price of tendard 20 am 155.00 perc O hours 154.00 per hou 3.00 per machine 0.30 machine hours hour Direct materials Direct labour Variable manufacturing overhead Total standard cost $60 12 $10 Management made the comment to prepare a flexible budget and conduct Variance was to apport decision making for future production and product in decisions. The December liebe budget 34.00 sunce is provided below Additional information respecting this product in Normal volume suitcases per year the costs are located using machine hoursuimtar to VMOH. The find overhead budget variance is er Flexible Budget Sales in unit 14 ROG 5444.000 Lew Variable expenses Variable cost of rods sold 149 ARO Variable in expenses 19,700 Total variable expenses 163, 160 Contribution Man 127462 Le Federer Maracturing overhead 1.000 Selling and Administration 2.100 Total wel eens 2 D Net income contains direct material Grect low, and write MOH The managers have provided you the following adonal information pecting operations and costs the year 22.400 Meral paled 34 Price paid perke 23,900 used in production 11,170 Direct about how worked 55.24 per hour 4,337 machine hour recorded S14519 Variable OH incurred Al variances are dosed to cost of goods at the end of the fiscal period ** Finished foods and working mentories are insignificant and do not need to be mamined Part 3. (18 marka 1. Compute the variances inted below be sure to deny the the name of each variano presented 04 marks) Direct bris variance b) Direct bour variantes cl Variable Overhead variantes 1) and where Notat Round your variance to the nearest dollar 2. Provide an explanation to management of potentes of the variance results froth poute and negative variance for the two most significant variance. Be sure to plain the specific variances resulting from cord above. Include in your explanation any wariances that relations with each other 14 mars
