ble o ve X - i Requirements 1. 2. Inc bul ed Prepare a flexible budget based on the actual number of recliners sold. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. Have Stenback's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Describe how Stenback's managers can benefit from the standard costing system. 3. 4. th t; A Print Done Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cant) Stenback Recliners Flexible Budget Budget Amounts per Unit 980 495 485100 52.2 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead 108 30 60.000 Total Cost of Goods Sold Gross Profit Requirement Compacowance and the Tidency w druct materials and for director Forum ad complete valabile con variable read the cost and ved vera volta van Pound to resto Begin with the cost varices required forma, con the cost variant direct mand decor and dentity where the love or vorabo Round you in the whole ola Acorn AC AD FOR Scanda 50 days Fomu Dec Dirudietante Nel come the wey varies were come non correct in de onder water sath www interieronta on your web wold Awacht odward to say bres can Now he went to view.concowy nach wie voor www.hartre, C. VON VOH VO Niew.comune fund verteed cod and vona veraces Select the red complete red cvetel con and once and rely whether each verlierte 1) or untere for you The White Cache cost AGFORS 30 Choose toman store the contention Radio where and able budgeting and add cytach od dyre of direct me. The company's omance to the town to www VOH VOH Now the trashed cost and en moured multicompete dovede und VOIT , ant lyne her each variance is to rated yet We revision Achat For W YO.com FOHV Seguint 3. Heger dore nga showdown Why The various go chewwwport trade wenye of the the Requirement below to generandering Swing do the (Click the icon to view the selected data.) ed the requirements ect labor cost variance out compute the efficiency variances. Select the required formulas, compute the efficiency variances fo ole dollar. Abbreviations used: AC = actual cost: AQ = actual quantity: FOH = fixed overhead: SC = sta Formula Variance Frect materials efficiency variance irect labor efficiency variance (AC-SC) * AQ How compute the variable overhead cost a red formulas, compute nswers to the nearest whole dollar. Abbre (AC-SC) * SQ tual quantity: FOH = fix (AQ-SQ) * AC Variance (AQ - SQ) SC VOH cost variance Actual FOH - Allocated FOH VOH efficiency variance Actual FOH - Budgeted FOH Now compute the fixed overhead cost and Budgeted FOH - Allocated FOH ormulas, compute the fi- the nearest whole dollar. Abbreviations used: AC = actual cost; AQ = actual quantity: FOH = fixed overhead Formula Variance FOH cost variance FOH volume variance Requirement 3. Have Stenback's managers done a good or poor job controlling materials, labor, and Choose from any list or enter any number in the input fields and then continue to the next question. esc 80 000 000 F1 FOH cost variance FOH volume variance a poor job controlling materials, labor, and overhead agers have done a job controlling mat Siency variance Managers have done a Create new products Decrease accounting costs Develop more efficient production methods Identify performance standards Increase production levels Increase sales volume Prepare the master budget Set sales prices of products and services Set target levels of performance for flexible budgets t from the standard costing system. Choose from any list or enter any number in the input fields and then continue to the next question. 80 DOO 000 esc F1 F2 F3 F4 ! $ % 2 - w # 1 2 3 4 5 ble o ve X - i Requirements 1. 2. Inc bul ed Prepare a flexible budget based on the actual number of recliners sold. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. Have Stenback's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? Describe how Stenback's managers can benefit from the standard costing system. 3. 4. th t; A Print Done Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cant) Stenback Recliners Flexible Budget Budget Amounts per Unit 980 495 485100 52.2 Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead 108 30 60.000 Total Cost of Goods Sold Gross Profit Requirement Compacowance and the Tidency w druct materials and for director Forum ad complete valabile con variable read the cost and ved vera volta van Pound to resto Begin with the cost varices required forma, con the cost variant direct mand decor and dentity where the love or vorabo Round you in the whole ola Acorn AC AD FOR Scanda 50 days Fomu Dec Dirudietante Nel come the wey varies were come non correct in de onder water sath www interieronta on your web wold Awacht odward to say bres can Now he went to view.concowy nach wie voor www.hartre, C. VON VOH VO Niew.comune fund verteed cod and vona veraces Select the red complete red cvetel con and once and rely whether each verlierte 1) or untere for you The White Cache cost AGFORS 30 Choose toman store the contention Radio where and able budgeting and add cytach od dyre of direct me. The company's omance to the town to www VOH VOH Now the trashed cost and en moured multicompete dovede und VOIT , ant lyne her each variance is to rated yet We revision Achat For W YO.com FOHV Seguint 3. Heger dore nga showdown Why The various go chewwwport trade wenye of the the Requirement below to generandering Swing do the (Click the icon to view the selected data.) ed the requirements ect labor cost variance out compute the efficiency variances. Select the required formulas, compute the efficiency variances fo ole dollar. Abbreviations used: AC = actual cost: AQ = actual quantity: FOH = fixed overhead: SC = sta Formula Variance Frect materials efficiency variance irect labor efficiency variance (AC-SC) * AQ How compute the variable overhead cost a red formulas, compute nswers to the nearest whole dollar. Abbre (AC-SC) * SQ tual quantity: FOH = fix (AQ-SQ) * AC Variance (AQ - SQ) SC VOH cost variance Actual FOH - Allocated FOH VOH efficiency variance Actual FOH - Budgeted FOH Now compute the fixed overhead cost and Budgeted FOH - Allocated FOH ormulas, compute the fi- the nearest whole dollar. Abbreviations used: AC = actual cost; AQ = actual quantity: FOH = fixed overhead Formula Variance FOH cost variance FOH volume variance Requirement 3. Have Stenback's managers done a good or poor job controlling materials, labor, and Choose from any list or enter any number in the input fields and then continue to the next question. esc 80 000 000 F1 FOH cost variance FOH volume variance a poor job controlling materials, labor, and overhead agers have done a job controlling mat Siency variance Managers have done a Create new products Decrease accounting costs Develop more efficient production methods Identify performance standards Increase production levels Increase sales volume Prepare the master budget Set sales prices of products and services Set target levels of performance for flexible budgets t from the standard costing system. Choose from any list or enter any number in the input fields and then continue to the next question. 80 DOO 000 esc F1 F2 F3 F4 ! $ % 2 - w # 1 2 3 4 5
