Antuan Company set the following standard costs for one unit of its product Direct materials (3.0 Ibs. $4.00 per Ib.) Direct labor (1.9 hrs. $13.00 per hr.) Overhead (1. hes. $18.50 per hr.)) Total standard cost $12.00 24.70 35.15 $71.95 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level, Overhead budget (75 Capacity) Variable overhead costs @ 2 Indirect materials: $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $135,000) Pixed overhead costs Depreciation-Building 23,000 Depreciation-Machinery 71,000 Taxes and insurance 18,000 Supervision 280,250 Total fixed overhead costs Total overhead costs 392,250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October C 10 < Prev 5 6 7 of 9 Next > stv A MacBook Pro G Search or type URL Ai C #3 $ 4 96 % 5 66 &7 + 80 61 1 W E R T Y U I O P S D LL F G H J K R N M L The company incurred the following actual costs when operated at 75% of capacity in October Direct materials (45,500 13. 14.30 pm 18.1 Direct labor (23,000 nr. 513.2 p.) 191,100 217,79 Overhead coste Indirect materials 541,450 Indirect labor Depreciation-iding) Depreciation-Machinery Taxes and in Dupervision 17,210 23,9 35,930 16,200 240.21 Help Seve & Ext Sumn 3. Compute the direct materials cost variance, Including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual P W S # 3 $ 4 X H nmand 0 Ai MacBook Pro G Search or type URL % 55 66 & ( 7 8 6 E R T Y U - 0 0 D F GH J K L C V B Check my work Thandar Co P 33 N V M . V H command opti ? Depreciation-ilding Depreciation-machinery Taxes and ins Servisi total eta 23000 35.95 14,200 200/359 **4.900 Help Save & Exit Suome Check my w 3. Compute the direct materials cost variance, including its price and quantity variances (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual Cost $ dard Cost < Prev 56 7 of 9 Next > stv A Ai MacBook Pro G Search or type URL 55 54 #3 W E S 66 &7 R T Y U 8 - ) 0 6 O D F G H J K L P W 13 . V X C V B N M H mmand H command 2 ? option [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. $4.00 per Ib.) Direct labor (1.9 hrs. $13.00 per hr.) Overhead (1.9 hrs. $18.50 per hr.) Total standard cost $12.00 24.70 35.15 $71.95 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $15,000 Indirect labor 75.000 Power 15,000 Repairs and maintenance 30,000 Total variable overhead costs $135,000 Fixed overhead costs Depreciation-Building 23,000 Depreciation-Machinery 71,000 Taxes and insurance 10,000 Supervision 280,250 Total fixed overhead costs Total overhead costs: 392,250 $527,250 < Prev 5 6 7 of 9 Next > The company incurred the following actual costs when it operated at 75% of capacity in October. 2 0 #3 10 $ 4 tv A MacBook Pro G Search or type URL % 85 6 &7 W E R T Y S D LL F G HI + 8 U ( Ai 6 J K O 0 Saved Total fixed overhead costs Total overhead costs 392,350 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (45,500 lbs. Direct labor (21,000 hrs. Overhead costs Indirect materials Indirect labor Pover Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $4.20 per 1b.) $13.20 per hr.) $ 41,450 176,300 17.250 34,500 23,000 $191,100 277,200 95,050 16.200 200,250 684,000 $1,153,100 Help 3. Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual quantity Actual Cost x Actual price x 1 10 Stan Actual quantity Standard price Standard quantity 00 < Prev 5 6 7 of 9 Next > MacBook Pro G Search or type URL 85 54 #3 62 W E R S D Ai & ( > 6 7 8 9 T Y U LL F G H J C V B N M K O P V- Overhead costs Indirect materials Indirect labor tover Repairs and maintenance Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total costs $ 41,450 176,300 17,250 34,500 23,000 95,850 16,200 280,250 684,800 $3,153,100 Check my work Standard Cost Standard quantity Standard ompute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by acting for favorable, unfavorable, and No variance.) Actual Cost Actual quantity x Actual price x 0 S 1 Direct materials price variance Direct materials quantity variance W S # 3 $ 54 $ 0 Actual quantity x Standard price X $ 0 Unfavorable 0 Unfavorable Unfavorable tv A MacBook Pro G Search or type URL % 85 6 <1 &7 e r t y u d + s 0 ai 8 9 o p ll f g h j k l> ? X C V B N M V- H H mmand command 2 option