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Antuan Company set the following standard costs per unit for its product. Direct materials ( 4 . 0 pounds @ $ 5 . 0 0
Antuan Company set the following standard costs per unit for its product.
Direct materials pounds @ $ per pound $
Direct labor hours @ $ per hour
Overhead hours @ $ per hour
Standard cost per unit $
The standard overhead rate $ per direct labor hour is based on a predicted activity level of of the factorys capacity of units per month. Following are the companys budgeted overhead costs per month at the capacity level.
Overhead Budget Capacity
Variable overhead costs
Indirect materials $
Indirect labor
Power
Maintenance
Total variable overhead costs
Fixed overhead costs
DepreciationBuilding
DepreciationMachinery
Taxes and insurance
Supervisory salaries
Total fixed overhead costs
Total overhead costs $
The company incurred the following actual costs when it operated at of capacity in October.
Direct materials pounds @ $ per pound $
Direct labor hours @ $ per hour
Overhead costs
Indirect materials $
Indirect labor
Power
Maintenance
DepreciationBuilding
DepreciationMachinery
Taxes and insurance
Supervisory salaries
Total costs $
a Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the and capacity levels.
b 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.
c Compute the direct labor cost variance, including its rate and efficiency variances. Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour" answers to two decimal places.
d Prepare a detailed overhead variance report that shows the variances for individual items of overhead. Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.
pls pls help and if possible show how you got your calculations
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