Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Company uses a standard cost accounting system. In 2022, the company produced 27,700 units. Each unit took several pounds of direct materials and 1.6

image text in transcribed

image text in transcribed

Bramble Company uses a standard cost accounting system. In 2022, the company produced 27,700 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,100 direct labor hours. During the year, 130,900 pounds of raw materials were purchased at $0.91 per pound. All materials purchased were used during the year: If the labor quantity variance was $6,000 unfavorable, what were the actual direct labor hours warked? Actusi hours worked hours If the labor price variance was $4,482 favorable. What was the actual rate per hour? (Round answer to 2 decimal places, eq. 2.75. Actual rateperhour $ If total budgeted manufacturing overhead was 3355.710 at normal capacity. What was the predetermined overhead rate based on direct labor hours? (Round answer to 2 decimal places, eg, 275.) Predetermined overhead rate $ What was the standard cost per unit of product? Round answer to 2 decimal places es 9.275 ) Standard costperunit ; How muchoverhead was applied to fipduction ouring theyear? 5 Total costs assigned

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

Statistical Models And Analysis In Auditing

Authors: National Research Council, Division On Engineering And Physical Sciences, And Applications Commission On Physical Sciences, Mathematics, Board On Mathematical Sciences, Committee On Applied And Theoretical Statistics, Panel On Nonstandard Mixtures Of Distributions

1st Edition

ISBN: 0309078172, 978-0309078177

More Books

Students also viewed these Accounting questions

Question

Describe your ideal working day.

Answered: 1 week ago