andro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The ollowing data are taken from the company's planning budget for the current year: Denominator activity (direct labor-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost 18,000 $ 60,200 $144,900 The standard cost card for the company's only product is given below. (2) Standard Standard Standard Quantity Price Cost or Hours or Rate (1) (2) Direct materials 4 yards $ 2.15 per yard $ 8.60 Direct Labor 2 hours $ 9.50 per hour 19.00 ufacturing overhead 2 hours $11.40 per hour 22.80 Total standard cost per $ 50.40 During the year, the company produced 9,360 units of product and incurred the following actual results: Materials purchased, 59,400 yards at 52.05 per yard Materials used in production (in yards) Direct labor cost incurred, 19,000 hours at $8.15 per hour Variable manufacturing overhead cost incurred Fixed manufacturing overhead cost incurred $ 121,770 38,610 $ 154,850 $ 59,650 $ 122,55e Required: Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing overhead 2 Compute the materials price and quantity variances. Also, compute the labor rate and efficiency variances. 3 Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances Complete this question by entering your answers in the tabs below. Required 2 Required 3 Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing overhead per unit Round your answers to 2 decimal places) Deoctor The manufacturing overhead Foudraacturing overhead yards at DLHS DLHS DLHS per yard per DUH Der DLH per DLH $ 0.00 Required 2 > Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The following data are taken from the company's planning budget for the current year Denominator activity (direct laber-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost 18,000 $ 60,300 $144,900 The standard cost card for the company's only product is given below: Inputs Direct materials Direct labor Manufacturing overhead Total standard cost per unit Standard Quantity or Hours 4 yards 2 hours 2 hours Standard Price or Rate $ 2.15 per yard $9.50 per hour $11.40 per hour Standard Cost (1) X (2) $ 8.60 19.00 22.80 $ 50.40 During the year, the company produced 9.360 units of product and incurred the following actual results: Materials purchased, 59,400 yards at $2.05 per yard Materials used in production (in yards) Direct labor cost incurred, 19,000 hours at 58.15 per hour Variable manufacturing overhead cost incurred Fixed manufacturing overhead cost incurred $ 121,770 38,610 $ 154,850 $ 59,650 $ 122,550 Required: 1. Create a new standard cost card that separates the variable manufacturing overhead per unit and the fixed manufacturing overhead per unit 2. Compute the materials price and quantity variances. Also, compute the labor rate and efficiency variances. 3. Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the materials price and quantity variances. Also, compute the labor rate and efficiency variances. (Indicate the effect of each variance by selecting F for favorable, "U" for unfavorable, and "None" for no effect ( zero variance.) Input amounts es positive values Materials variances Price variance Quantity variance Labor variances Rate variance Eficiency variance Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis of direct labor-hours. The following data are taken from the company's planning budget for the current year Denominator activity (direct labor-hours) Variable manufacturing overhead cost Fixed manufacturing overhead cost 18,000 $ 60,300 $144,900 The standard cost card for the company's only product is glven below: (2) Standard Standard Standard Quantity Price Cost or Hours or Rate (1) X (2) Direct materials 4 yards $ 2.15 per yard $ 8.60 Direct labor 2 hours $9.50 per hour 19.00 Manufacturing overhead 2 hours $11.40 per hour 22.80 Total standard cost per $50.40 During the year, the company produced 9,360 units of product and incurred the following actual results: Materials purchased, 59,400 yards at $2.05 per yard Materials used in production (in yards) Direct laber cost incurred, 19,000 hours at $8.15 per hour Variable manufacturing overhead cost incurred Fived manufacturing overhead cost incurred $ 121,770 38,610 $154,850 $ 59,650 $ 122,550 Required: 1. Create a new standard cost card that separates the variable manufacturing overhead per unit and the flwed manufacturing overhead 2. Compute the materials price and quantity variances. Also, compute the labor rate and efficiency variances 3. Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances. be unit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the variable overhead rate and efficiency variances. Also, compute the fixed overhead budget and volume variances indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and one for no effect zero intamounts as positive values Vale overhead ances Rate varande Enooney variance Food overhead wariances Budet Varance Volume varno Required
