Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Beyanc is looking at a monthly performance report for her lemonade stand for last month. She has been provided with the following standard cost per

image text in transcribed

Beyanc is looking at a monthly performance report for her lemonade stand for last month. She has been provided with the following standard cost per batch of lemonade: Manufacturing overhead is allocated ca the basis of machine hours. Last manth, Beyonc's lemonade stand produced 150 batches of lemanade and incurred the following costs: a. Purchased 100 pounds of materials at a cost of $3.24 per pound. b. Used 93 pounds of materiak in production. IFinished goods and wark in process imventories can be ignored). c. Worloed 189 direct labor-hours at a cost of $16.39 per hour. What is Beyonc's bbor rate variance for last month? Enter your answer as a positive number (note Favorable or Unfaworable for the next question/. Question 8 Refer to your previous answer to Question 7. is Deyonc's labor rate variance for last manth fovorable or unfavorable? Please nate your given numbers will have changed from the previous question! Question 9 Beyonc is looking at a monthly performance repart for her lemonade stand for last month. She has been provided with the following standard cost per batch of lemonade: Standard Costs are based cn machine hours. Last month, Beyonc's lemonade stand produced 150 batches of lemonade and incurred the following costs. a. Purchased 100 pounds of materials at a cost of $4.11 per pound. b. Used 95 pounds of materiak in production. IFinished goods and work in process imventories can be ignared]. c. Worbed 173 direct labor-hours at a cost of $15.12 per hour. What is Beyonc's bbor efficiency variance for last manth? Enter your answer as a positive number (note Favorable or Unfaworable for the next question/

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

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

3rd Edition

0131494910, 9780131494916

More Books

Students also viewed these Accounting questions