Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100 Master production budget Direct materials $ 241,560 Direct labor 204,960

image text in transcribedAnthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100 Master production budget Direct materials $ 241,560 Direct labor 204,960 Overhead 283,650 Standard costs per unit Direct materials $ 3.96 per liter 5 liters per unit of output Direct labor $ 33.60 per hour 0.50 hour per unit Variable overhead $ 30.50 per direct labor-hour Actual costs Direct materials purchased and used $ 246,480 (63,200 liters) Direct labor 183,312 (5,360 hours) Overhead 292,000 (58% is variable) Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volum

Anthon Corporation has provided the following information regarding last month's activities. Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volume variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

4th Edition

0132423502, 978-0132423502

More Books

Students also viewed these Accounting questions

Question

7. Set team as well as individual performance goals.

Answered: 1 week ago