answer requirement 3

TIMEWUIK. Ulapter 10 Question 3, P10-70A (si... Part 6 of 7 HW Score: 89.81%, 2.69 of 3 points Points: 0.72 of 1 Moe Garden Supplies makes ground covers to prevent weed growth. During May, the company produced and sold 44,200 rolls and recorded the following cost data: B (Click the icon to view the cost data.) Requirements Data table - X ement. Sales price was $10.50 per roll. (Use a minus sign or pa Standard Actual Unit Cost Total Cost Direct materials: $ 3.15 $ 136,500 . 0.90 Standard (3 kg x $1.05 per kg) Actual (136,500 kg x $1.00 per kg) Direct labour: Standard (0.1 hr x $9.00 per hr) Actual (4,620 hr x $8.80 per hr) Manufacturing overhead: Standard: Variable (0.2 machine hr x $10.00 per hr) Fixed ($92,000 for static budget volume ---- 40,656 $ 2.00 Clear all Points: 0.72 of 1 Moe Garden Supplies makes ground covers to prevent weed growth. During May, the company produced and sold 44,200 rolls and recorded the following cost data: (Click the icon to view the cost data.) Requirements Data table ement. Sales price was $10.50 per roll. (Use a minus sign or Actual (136,500 kg x $1.00 per kg) Direct labour: $ 136,500 0.90 40,656 Standard (0.1 hr x $9.00 per hr) Actual (4,620 hr x $8.80 per hr) Manufacturing overhead: Standard: Variable (0.2 machine hr x $10.00 per hr) Fixed ($92,000 for static budget volume of 40,200 units and 8,040 machine hours) $ 2.00 2.29 4.29 Actual 168,800 Total manufacturing costs. $ 8.34 $ 345,956 Clear all Points: 0.72 of 1 Moe Garden Supplies makes ground covers to prevent weed growth. During May, the company produced and sold 44,200 rolls and recorded the following cost data: B (Click the icon to view the cost data.) Requirements ..... Requirement 3. Prepare a standard cost income statement through gross profit to report all variances to management Sales price was $10.50 per roll. (Use a minus sign or parentheses variances.) Moe Garden Supplies. Standard Cost Income Statement Month Ended May 31 Sales revenue Cost of goods sold at standard cost Manufacturing cost variances: Direct materials price variance Direct materials efficiency variance Direct labour price variance Direct labour efficiency variance Moe Garden Supplies makes ground covers to prevent weed growth. During May, the company produced and sold 44,200 rolls and recorded the fe B (Click the icon to view the cost data.) Requirements Sales revenue Cost of goods sold at standard cost Manufacturing cost variances: Direct materials price variance Direct materials efficiency variance Direct labour price variance Direct labour efficiency variance Overhead flexible budget variance Production volume variances Total manufacturing cost variances Cost of goods sold at actual cost Gross profit