Answered step by step
Verified Expert Solution
Question
1 Approved Answer
AutoSave ORI Home Insert Draw Design Layout References ACT 215-Final-Summer 2021 - Compatibility Mode UPDATES AVALABLE Yesterday, 5:43 PM Mailings Review View Tell me Do
AutoSave ORI Home Insert Draw Design Layout References ACT 215-Final-Summer 2021 - Compatibility Mode UPDATES AVALABLE Yesterday, 5:43 PM Mailings Review View Tell me Do you want to restart to install these updates now or try tonight? Evev 21 Aabbccbdte Aalbce dle AaBbCD AaBhccDde Aabu MacDcte = = Normal Nu Sparing Hearing Hancing Title Styles Dictate Sensitivity Pare IN Times New... v 14 ~ Ak Aav A B ! | v 40 x x Paste 4 11. The following information is nvailable for Western Rider Inc, for June, 2021: Standard Components of Standard Quantity Cost per pair Product Costs Standard Price per pair of Jeans Direct materials $5.00 per sq.yu 15 sq yds per pairs 7.50 Direct labor $9.00 per hr. 0.00 hr. per pair 7.20 Factory overhead Variable $3.60 per hr. 0.60 hr. per pair 2.BE 1$6.00 per tr.) Fixed $2.40 per hr. D.80 hr. per pair 1.92 Tatal standard cast par pair $ 19.50 During the period, Westom Rider produced 5,000 pairs of jcans and incurred the following costs. Component of Actual Quantity Product Costs Actual Price (Rate) (Timel Direct materials $5.50 per sq.YO 7,300 soyds Direct labor $10.00 per hr 3,850 hrs. Factory overhead Variable-$10,400 Fixed-$12,000 Tatal actual cost of product for the period Actual Cost $ 40,150 38.500 22,400 $ 101,050 (1) Using the following diagram, analyze direct materials vanance and interpret the cause of variance. (1 points) Actual Quantity Actual Quantity Standard Quantity Actual Price Standard Price Standard Price Price Variance Quantity Variance Page 3 of 5 Page 3 of 5 414 words DE English (United States) Focus -- 107% AutoSave ORI Home Insert Draw Design Layout References ACT 215-Final-Summer 2021 - Compatibility Mode UPDATES AVALABLE Yesterday, 5:43 PM Mailings Review View Tell me Do you want to restart to install these updates now or try tonight? Evev 21 Aabbccbdte AalbCodle AaBbCD AaBhccDde Aabu MacDcte = = Normal No Sparing Heading Hancing Title Styles Dictate Sensitivity Pare IN Times New... v 14 ~ Ak Aav A B ! | v 40 x x ADA Paste Interpretation of cause of variance: (2) Using the following dingram, analyze direct Inbox variance and interpret the case of variance (18 points) Actual Hours Standard Heurs Actual Hours x Actual Rat Standard Rate Stanland Rate Rate Variance Time Variance Interpretation of cause of variance: Page 4 of 5 414 words LE English (United States) Focus -- 107% AutoSave ORI Home Insert Draw Design Layout References ACT 215-Final-Summer 2021 - Compatibility Mode Mailings Review View Tell me Evev 21 Aalboc de AaCeDdle AaBbCcD === No Sparing Heating UPDATES AVALABLE Yesterday, 5:43 PM Do you want to restart to install these updates now or try tonight? AaBbDdE Aabu Mabete > LA Hancing Title Styles Dictate Sensitivity Pare Times New... v 14 ~ Ak Aav A B ! | v 40 x x ADA IN Paste Numa - Page 4 of 5 (3) Using the following diagram, analyze variable factory overhead variance and fixed factory ovcbcad varianco. (14 points) Actual Variable Fnctory Overhend -S Standard Variable Factory Overheads Actual Fixod Factory Overhead = $ Standard Fixed Factory Overhead =S Variable Variance - Fixed Variance- Total FOH Variance Page 4 of 5 414 words LE English (United States) Focus -- 107%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started