Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Archivo Inicio Insertar Dibujar Disposicin de pagina: Formulas Datos Revisar Vista Ayuda Calibri Light 12 CA A Ajustar texto Contabilida Cortar Its coplar Copiar formato

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Archivo Inicio Insertar Dibujar Disposicin de pagina: Formulas Datos Revisar Vista Ayuda Calibri Light 12 CA A Ajustar texto Contabilida Cortar Its coplar Copiar formato Portapapele NK SA a combinary centar $ - % Fuente Almacin Numero CH Problem Sela (20 points) www De w mitee the wheels and analyse Ver Bente Alineacin Numero Estilo Celan Problem Set 3. (20 points) our the informed the Want 2. Face MOST inclou working for her from the Directly typing where online wunders wher) Sharing well in the Revarad both will A Composed courstom The methote regering in it cool www 100 Act December Marathi and into output pound Doctobre 20 October 5,500 Variable content 4.60 Fredavacoted in 2200 The units produced for actual out during the month were 1,000 Standard Direct man Det material nition Dorules pero Det borde I hour conto Fladosti So 4000 Requirement 1. Prepare the following schedules and all variances, and analyze the results Supporting scheduleActual and Standard data Standard Standard Ouantity per unit of inst Til Actual Dwi Directed est labor. Standard Price penitent Saturday of Output ch Pried Actual A of Acund Dorito udos Direct.com pound Der borhol Obedor Ons driver Variable Overhead: Oweet bor hours 4.000 Flexible Budget Variances Talin ulpa varierre Com Flexible budget Voir too. Vecot Price (Hot Spending and Quantity (usas ciency) Variance wand VE Auct Pere Spend) VFU Bay Nicanor udf Volvo Requirement. You are we manager of the production manager who is republe for the budget variances Marquement 21. Ar the direct material cost wances the prodhon manager night feedback lated to the price and quantity and Meme Analyse the director and the production manager night at the rule og Copiar uma condicional como tabla WILLEU ener NO Problem Set 3. (20 points) 2. Fill out the blanks in color. If no answer key is needed. Just leave the blank 2. Each cell MUST include a formula, link or a working process (except for the given number from the questions) 3. Directly typing only the answers on the cell won't get the full credits (except for given numbers from the questions) 4 Sharing answers and files will result in the Zero Grade both giver and receiver. (Plagiarism will be checked) ABC Company uses a standard cost system. The month's data regarding its product in actual and standard as follow Actuel Standard Direct material cost per pound (S) 0.97 Direct material cost per pound (5) Material purchased and used in total output (pound) 3,300 Direct material used in a unit (pound) Direct labor rates per unit of input (5) 7.70 Direct labor rates per unit of input ($) Direct labor hours incurred in total output (hours) 5,500 Direct labor used in a unit hour) Variable overhead cost incurred in total ouput (S) 4,620 Variable overhead cost in total (S) Fored overhead cost incurred in total output/5) 7,200 Faxed overhead cost in total (S! "The units produced for actual output during the month were 1,000. Requirement 1. Prepare the following schedules and all variances, and analyze the results. Supporing Schedule. Actual and Standard data. 1.00 3.00 800 5.00 4.000 7,350 Standard Price Standard Quantity per unit of Input Units of Actual Output level per unit Standard Outa Ditect material cost (5. pound Direct labor cost is, hour) Actual Quantity used for Output Standard Price per unit of Input Standard Quantity of Output level achieved Price and Quantity Actual Price of Acutal and Standard per unit of input Direct material cost (S. pound Direct labor cost hour Variable Overhead is, hour *Cost driver of Variable Overhead: Direct labor hours 4.000 Flexible Budget Variances Actual Cost Incurred Flexible Budget Variance F/ Flexible Budget: Flexible flodget Variance Direct material cost (5. pound Direct labor cost Show Valable owerhot IS Asche Inicio De Deposicion de pagos Datos levis Vista da TELE Millar co Como Personalida 5 % Calon Light NK S-21-A - combinary.com Format formans Moneda condicional contable Moneda loj Porcentaje A 5 H D Price (Rate, Spending) and Quantity (Usage, Efficiency) Variances, 42 Variances Actual Cost Incurred Price (Rate, Spending) Variance F/U Standard Prices x Actual Quantities used for Output Quantity (Usage, Efficiency) Variance F/U Hexible Budget Flexible Budget Variances F/U 45 Direct material cost Direct labor cost Variable overhead cost Fored overhead cost 47 49 50 Requirement 2. You are an upper manager of the production manager who is reponsible for the budget variances 51 Requirement 2-1. Analyze the direct material cost variances and give the production manager o right feedback related to the price and quantity variances 57 Requirement 2-2. Analyze the direct labor cost variances and give the production manager a right feedback related to the rate and usage variances. Requirement 2-3. Analyze the variable overhead cost variances and give the production manager a right feedback related to the spending and efficiency variances R$83839928 SENNREES Requirement 2-4. Analyze the fixed overhead cost variances and give the production manager a right feedback related to the spending and efficiency variances. TO 74 The End of the Problem Set 3 Total Archivo Inicio Insertar Dibujar Disposicin de pagina: Formulas Datos Revisar Vista Ayuda Calibri Light 12 CA A Ajustar texto Contabilida Cortar Its coplar Copiar formato Portapapele NK SA a combinary centar $ - % Fuente Almacin Numero CH Problem Sela (20 points) www De w mitee the wheels and analyse Ver Bente Alineacin Numero Estilo Celan Problem Set 3. (20 points) our the informed the Want 2. Face MOST inclou working for her from the Directly typing where online wunders wher) Sharing well in the Revarad both will A Composed courstom The methote regering in it cool www 100 Act December Marathi and into output pound Doctobre 20 October 5,500 Variable content 4.60 Fredavacoted in 2200 The units produced for actual out during the month were 1,000 Standard Direct man Det material nition Dorules pero Det borde I hour conto Fladosti So 4000 Requirement 1. Prepare the following schedules and all variances, and analyze the results Supporting scheduleActual and Standard data Standard Standard Ouantity per unit of inst Til Actual Dwi Directed est labor. Standard Price penitent Saturday of Output ch Pried Actual A of Acund Dorito udos Direct.com pound Der borhol Obedor Ons driver Variable Overhead: Oweet bor hours 4.000 Flexible Budget Variances Talin ulpa varierre Com Flexible budget Voir too. Vecot Price (Hot Spending and Quantity (usas ciency) Variance wand VE Auct Pere Spend) VFU Bay Nicanor udf Volvo Requirement. You are we manager of the production manager who is republe for the budget variances Marquement 21. Ar the direct material cost wances the prodhon manager night feedback lated to the price and quantity and Meme Analyse the director and the production manager night at the rule og Copiar uma condicional como tabla WILLEU ener NO Problem Set 3. (20 points) 2. Fill out the blanks in color. If no answer key is needed. Just leave the blank 2. Each cell MUST include a formula, link or a working process (except for the given number from the questions) 3. Directly typing only the answers on the cell won't get the full credits (except for given numbers from the questions) 4 Sharing answers and files will result in the Zero Grade both giver and receiver. (Plagiarism will be checked) ABC Company uses a standard cost system. The month's data regarding its product in actual and standard as follow Actuel Standard Direct material cost per pound (S) 0.97 Direct material cost per pound (5) Material purchased and used in total output (pound) 3,300 Direct material used in a unit (pound) Direct labor rates per unit of input (5) 7.70 Direct labor rates per unit of input ($) Direct labor hours incurred in total output (hours) 5,500 Direct labor used in a unit hour) Variable overhead cost incurred in total ouput (S) 4,620 Variable overhead cost in total (S) Fored overhead cost incurred in total output/5) 7,200 Faxed overhead cost in total (S! "The units produced for actual output during the month were 1,000. Requirement 1. Prepare the following schedules and all variances, and analyze the results. Supporing Schedule. Actual and Standard data. 1.00 3.00 800 5.00 4.000 7,350 Standard Price Standard Quantity per unit of Input Units of Actual Output level per unit Standard Outa Ditect material cost (5. pound Direct labor cost is, hour) Actual Quantity used for Output Standard Price per unit of Input Standard Quantity of Output level achieved Price and Quantity Actual Price of Acutal and Standard per unit of input Direct material cost (S. pound Direct labor cost hour Variable Overhead is, hour *Cost driver of Variable Overhead: Direct labor hours 4.000 Flexible Budget Variances Actual Cost Incurred Flexible Budget Variance F/ Flexible Budget: Flexible flodget Variance Direct material cost (5. pound Direct labor cost Show Valable owerhot IS Asche Inicio De Deposicion de pagos Datos levis Vista da TELE Millar co Como Personalida 5 % Calon Light NK S-21-A - combinary.com Format formans Moneda condicional contable Moneda loj Porcentaje A 5 H D Price (Rate, Spending) and Quantity (Usage, Efficiency) Variances, 42 Variances Actual Cost Incurred Price (Rate, Spending) Variance F/U Standard Prices x Actual Quantities used for Output Quantity (Usage, Efficiency) Variance F/U Hexible Budget Flexible Budget Variances F/U 45 Direct material cost Direct labor cost Variable overhead cost Fored overhead cost 47 49 50 Requirement 2. You are an upper manager of the production manager who is reponsible for the budget variances 51 Requirement 2-1. Analyze the direct material cost variances and give the production manager o right feedback related to the price and quantity variances 57 Requirement 2-2. Analyze the direct labor cost variances and give the production manager a right feedback related to the rate and usage variances. Requirement 2-3. Analyze the variable overhead cost variances and give the production manager a right feedback related to the spending and efficiency variances R$83839928 SENNREES Requirement 2-4. Analyze the fixed overhead cost variances and give the production manager a right feedback related to the spending and efficiency variances. TO 74 The End of the Problem Set 3 Total

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

Finance For Non Financial Managers

Authors: Pierre G. Bergeron

5th Edition

0176104070, 9780176104078

More Books

Students also viewed these Finance questions

Question

2. Do not crowd the student. Do not get in the students face.

Answered: 1 week ago

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

What is quality of work life ?

Answered: 1 week ago