Question
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
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 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 optionStep by Step Solution
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