As the new accountant for Cohen & Co you have been to provide a inetannysis of tinancial performance for the year ended. You obtain the following information that pertains to the company's sole product Maatur (Static) Variable ceata $45. 117,000 149,50 Required 1. What was the actual operating Income for the period 2. What wex the company's master stabil budyel Queraung income for the period? 3. lal What was the total master istatic) budget variance, in terms of operating income for the period? by is this variance favorable IF or untavarable ? Note: The total master static) budet varlarce is also reterred to as the total oncrating Income variance for the period.) (If a variance has no amount, select "None" in the corresponding dropdown cel) 4. The total master Italic) budgel variance for a period can be decomposed into a total lexible-budget variance and a sales volume variarce What was the total flexicurige winner for the prin was his variance favorable or unfavorable ) What was the sales volume variance for the period? Id Was this variance favorable For unfavorable ? (Do not round your intermediate calculations. If a variance has no amount, select 'None" in the corresponding dropdown cell.) 1 Ad eling Mestar buciget operaing income T rbugetariance Total Toxible budget variance Sacs Volun variance Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Standent direct materials allowed for units of product T procured 2.6 pounds Direct metrila uad in production Standard price per pound of marin 2,820 poundla Required: 1. What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate whether eactiverance was lavable ut utilavorable (U). 2. Prepare the aporopriate journal entries for March Complete this question by entering your answers in the tales below. Required 1 Required 2 What a: Steinberg's direct material purchas-price variance and ite direct materiais variance for March? Indicate whether each variance was favorable For unfavorable (U). Do not round intermediate calculations Round your answers to TH THAT Helw a r Amen. S 63 Inole Nimi P Direct marg RITHVIS arita Reutel 1 Required 2 > View transaction list Journal entry worksheet Journal entry worksheet Record the cost of purchases during the month Record the standard direct materials cost for this period's production. Note: Enter deb es before redits Note Enter debits before credit Geral Journal General Journal Debit Credit Clear entry Record entry Mew general Journal Clear entry Record entry View mal Required 1 Freure the appropriate journal entries for March (Do not round intermediate calculations. If ng entry is required for LA W , Wijnal Hilty required in the front link on imal Whitewal wiedlular View transaction list View journal entry worksheet Transaction Debit Credit No 1 General Joumal on Recorded No Tr As the new accountant for Cohen & Co you have been to provide a inetannysis of tinancial performance for the year ended. You obtain the following information that pertains to the company's sole product Maatur (Static) Variable ceata $45. 117,000 149,50 Required 1. What was the actual operating Income for the period 2. What wex the company's master stabil budyel Queraung income for the period? 3. lal What was the total master istatic) budget variance, in terms of operating income for the period? by is this variance favorable IF or untavarable ? Note: The total master static) budet varlarce is also reterred to as the total oncrating Income variance for the period.) (If a variance has no amount, select "None" in the corresponding dropdown cel) 4. The total master Italic) budgel variance for a period can be decomposed into a total lexible-budget variance and a sales volume variarce What was the total flexicurige winner for the prin was his variance favorable or unfavorable ) What was the sales volume variance for the period? Id Was this variance favorable For unfavorable ? (Do not round your intermediate calculations. If a variance has no amount, select 'None" in the corresponding dropdown cell.) 1 Ad eling Mestar buciget operaing income T rbugetariance Total Toxible budget variance Sacs Volun variance Steinberg Company had the following direct materials costs for the manufacturing of product T in March: Standent direct materials allowed for units of product T procured 2.6 pounds Direct metrila uad in production Standard price per pound of marin 2,820 poundla Required: 1. What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate whether eactiverance was lavable ut utilavorable (U). 2. Prepare the aporopriate journal entries for March Complete this question by entering your answers in the tales below. Required 1 Required 2 What a: Steinberg's direct material purchas-price variance and ite direct materiais variance for March? Indicate whether each variance was favorable For unfavorable (U). Do not round intermediate calculations Round your answers to TH THAT Helw a r Amen. S 63 Inole Nimi P Direct marg RITHVIS arita Reutel 1 Required 2 > View transaction list Journal entry worksheet Journal entry worksheet Record the cost of purchases during the month Record the standard direct materials cost for this period's production. Note: Enter deb es before redits Note Enter debits before credit Geral Journal General Journal Debit Credit Clear entry Record entry Mew general Journal Clear entry Record entry View mal Required 1 Freure the appropriate journal entries for March (Do not round intermediate calculations. If ng entry is required for LA W , Wijnal Hilty required in the front link on imal Whitewal wiedlular View transaction list View journal entry worksheet Transaction Debit Credit No 1 General Joumal on Recorded No Tr
