Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

B A 1 Cookie Business . ; 2 7' l '7 J r r l 4 Actual Total Cost of Direct Materials 7 ,

image text in transcribed
B A 1 Cookie Business . ; 2 7' " l '7 J r r l 4 Actual Total Cost of Direct Materials 7 , ,, , $ 225,000 ' 7 l ,g' 5 Standard Total Cost of Direct Materials 7 r V , 7$ 7 224,800 ' \"l {f 6 Actual Materials Used __ _ 30 i ll ' 7 Standard Materials Used . , , , N r ' 31 ' L r I 8 1* > I > 77777 7" 7 3\" I IV 9 Actual Direct Labor Rater ' 7 7 E $ 15.50 ' 7 l, l 10 Standard Labor Rate' w W H H r , 7 75 15.00 ' _ (I l 11 Actual Hours Worked W V 7 M 45 ' W L\" lI V I 12 Standard Hours Worked. _ W 7 4Q W 7 ml / Favorable/ J l l4 _ Unfavorable 15 ; Calculate Materials Variances: \\ Materials Price Variance Materials Quantity Variance Labor Variances: ' Variance cy Variance

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

Horngrens Financial & Managerial Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

0133255573, 978-0133255577

More Books

Students also viewed these Accounting questions

Question

How are placer gold deposits formed?

Answered: 1 week ago

Question

Improving creative problem-solving ability.

Answered: 1 week ago