Bandar Industries manufactures sporting equipment. One of the company's products is a football helmet that requires special plastic During the quarter ending June 30, the company manufactured 3,900 helmets, using 2,808 kilograms of plastic. The plastic cost the company $21,341 According to the standard cost card, each helmet should require 0.56 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (50) that is allowed to make 3,900 helmets? 2. What is the standard materials cost allowed (SQ SP) to make 3,900 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and tpe materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3. Materials spending vanance 4. Materials price variance 4. Materials quantity variance 2. 2 points 8 02:00 SkyChefs, Incorporated, prepares in-flight meals for a number of major lines. One of the company's products is grilled salmon with new potatoes and mixed vegetables. During the most recent week, the company prepared 4,800 of these meals using 1400 direct labor-hours. The company paid its direct lobor workers a total of $18,200 for this work, or $13.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $12.50 per hour Required: 1. What is the standard labor-hours allowed (SH) to prepare 4.800 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 4,800 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) eBook Hint References 1. Standard labor hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4. Labor efficiency variance 3 02:40 Logistics Solutions provides order fulfillment services for det.com merchants. The company maintains warehouses that stock items carried by its dot com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pults the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor hours. In the most recent month, 120,000 toms were shipped to customers using 4,100 direct lobornours. The company incurred a total of $11.480 in variable overhead costs. According to the company's standards, 0.03 direct labor hours are required to fumil on order for one nem and the variatie owerhead rate is $2.85 per direct labor hour Required: 1. What is the standard labor hours allowed (SH) to ship 120,000 items to customers? 2. What is the standard Variable overhead cost allowed ( SSR) to ship 120.000 items to customers? 3. What is the variable overhead spending variance? 4. What is the variable overhead rate variance and the variable overhead efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and 'None" for no effect (.e., rero variance), Input all amounts as positive values. Do not round Intermediate calculations.) BOON ferences 1. Standard quantity of labor hours allowed 2 Standard variable Overhead cost allowed 3 Variable overhead spending variance 4. Variable overhead rate variance 4. Variable overhead efficiency variance 7 4933 Erle Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Standard Hours per Hour Cost 24 minutes 5.5.60 5 2.24 During August. 8,620 hours of direct labor time were needed to make 19,300 units of the Jogging More The direct labor cost totaled $46,008 for the month Required: 1. What is the standard labor hours allowed (SH to makes 19.300 Jogging Mates? 2. What is the standard labor cost allowed (SHSR) to make 19,300 Jogoing Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $40,896 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect (le, zero variance). Input all amounts as positive values. Do not round Intermediate calculations.) ht nces 1. Standard labor hours allowed 2 Standard labor cost allowed 3. Labor spending variance 4. Laborrate variance 4. Labor efficiency variance 5. Variable overhead rate variance 5. Vanable overhead efficiency variance 5 2 points Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity Standard or Hours Standard Price or Rate Cost Direct materials 6.5 pounds 33.20 per pound $20.40 Direct labor 0.50 hours 11.00 per hour 15.50 During the most recent month, the following activity was recorded: 02:49 wilo 3. 22,900.00 pounds of material were purchased at a cost of $2.70 per pound b. All of the material purchased was used to produce 3,000 units of Zoom c. 1,400 hours of direct labor time were recorded at a total labor cost of $18,200 References Required: 1. Compute the materials price and quantity variances for the month 2. Compute the labor rate and efficiency variances for the month For all requirements, Indicate the effect of each variance by selecting " for favorable, "U" for unfavorable, and "None" for no effectie., zero variance), Input all amounts as positive values. Round your intermediate calculations to the nearest whole dollar) 1. Materials price variance 1. Materiais quantity variance 2 Laborrate variance 2 Laboreiciency variance 6 2 points 2024907 Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and drect lobor standards for one unit of Zoom are given below: Standard quantity Standard or Hours Standard Price or Rate Cost Direct materials 6.40 pounds $ 3.00 per pound $ 19.20 Direct labor 0.40 hours $ 11.00 per hour During the most recent month, the following activity was recorded a. Twelve thousand four hundred pounds of material were purchased at a cost of $2.90 per pound. b. The company produced only 1240 units, using 11160 pounds of material (The rest of the material purchased remained in row materials inventory) c. 596 hours of direct labor time were recorded at a total labor cost of $2152 Book References Required: Compute the materials price and quantity variances for the month indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effectie, rere variance), Input all amounts as positive values. Do not round Intermediate calculations.) Materiais price variance Materials quantity variance 7 4 Dos 902.01 Marvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers the factory should work 1005 hours each month to produce 2010 sets of covers. The standard costs associated with this level of production are: Total Per Set of Direct materials Covers $ 28,542 Direct labor $14.20 4.00 Variable danufacturing overhead (based on direct labor hours) 1.00 $ 20.00 During August, the factory worked only 1 200 direct labor hours and produced 2,600 sets of covers. The following actual costs were recorded during the month elio Total $ 35, 100 $ 10,920 $ 5,460 Direct materias .con yards) Direct labor Variable manufacturing overhead Per Set of Covers $ 13.50 4.20 2.10 $ 19.00 References At standard, each set of covers should require 20 yards of material. All of the materials purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August (Indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effecte, rero variance). Input all amounts as positive values.) 1. Materials price variance 1. Materials quantity variance 2. Laborrate variance 2. Labor efficiency variance 3. Variable overhead rate variance 3. Variable overhead efficiency variance 7..!! Neat Chapter 10 W & S Chademy 8 Becton Labs, incorporated product Various componente One.compound, cated ex. speed using an elaborate ng process. The conducts for one wees 4 2211 Director Diret . Varmte watatu wa Totalt During November the town . Material purchased 11.000 $350.00 There was no big tory of over 20 cm wentory The company in Dunya 160 Hverage of Show durable mange some of weet during Noveted 50.000 During November the compro Required For det a compute the price and quantity The materials were purchased from who songtemet Widyo recommend that the company the contact 2. For det bor a Computer and eyes In most tre 20 e moyen echonor de som ovim stars ouing Novembete commercio de recou would you econd that the new wobec 3. Comote the variedade ceny Complete this question by entering your meer in the the below ME Crew Chapter 10 HW whatsade $10 les COM SA Here 8 00 b. There was no beginning inventory of materials; however at the end of the month 2.850 ounces of material remained in ending inventory The company employs 20 lab technicians to work on the production of Fludes. During November, they each worked an average of 160 hours at an average pay rate of Sito per hour d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor hours. Variable manufacturing overhead costs during November totaled $6.000, e. During November, the company produced 4.200 units of Fludex 4 points Book Required: 1. For direct materials: a Compute the price and quantity variances. b. The materials were purchased from a new supplier who is anxious to enter into a long term purchase contract Would you recommend that the company sign the contract? 2. For direct labor a Compute the rate and efficiency variances, b. In the past, the 20 technicians employed in the production of Fludex consisted of senior technicians and 13 assistants. During November, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. Would you recommend that the new labor mix be continued? 3. Compute the variable overhead rate and efficiency variances References Complete this question by entering your answers in the tabs below. Req IA Reg 16 Reg 2A Rec 28 Reg For direct materials, compute the price and quantity variances, (Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect the zero variance). Trout all amounts as positive values) Materials price variance Materiais quantly variance Rag 103 Chapter TU MW 0 Serta 8 D. There was no beginning inventory of materials, however at the end of the month, 2850 sunces of material remained in ending inventory The company employs 2016 technicians to work on the production of Puder Dung November they each worked in itage of 160 hours at an average payrole of $100 per hour d. Verlobte mutacturing oveted is muigned to Puder on the basis of creditor tous. Variable mating sd.com during totaled 6.000 During November the company produced 4.200 units of Fludek 4 Do 2.1 - Required: t. For direct materials Compute the price and quantity Valances The materia were purchased from a new voter who is now to arter into tong tot durchase corset would you recommend that the company sign the contract 2. Fordrectibor a Compute the rate and efficiency variances In the past, the 20 technicians employed in the production of Hudex cost of senior technicians and two November the company experimented with fewer seniorechnicians and more order to recabar com Would you recommend that the new borbe continued 3. Compute the variable overhead rate and efficiency variances mentes Complete this question by entering your answers in the tabs below. Rega Reg 10 Re Rag For direct labor compute the rate and many variances indicate the effect of exchance to win "U for favorable, and one for no effect to variance) Iraut lunt sportive values Latorral Lateficence 8 Next