Brlef Exercise 23-2 Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.30, freight-in $0.30, and receiving and handling $0.20. (2) Quantity per gallon of finished product-required materials 2.70 pound pounds. allawance waste and spoilage Compute the following. (Round answers to 2 decimal places, e.g. 1.25. ) (a Standard direct materials price per pound of raw materials. b Standard direct materials quantity per gallon pounds Total standard materlals cost per gallon. (c) Click you would like to Show Work for this guestion: Open Show Work Brief Exercise 23-3 Labor data for making one gallon of finished product in Bing Company are cleanup 0.26 hours, and setup and downtime 0.26 hours. follows. (1) Price-hourly wage rate $17.74, payroll taxes $0.52, and fringe benefits $1.50. (2) Quantity-actual praduction time 1.26 hours, rest periods and Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) Standard direct labor rate per hour (a) (b) Standard direct labor hours per gallon. hours Standard labor cost per gallon. (c) Click if you would like to Show Work for this question: Open Show Work Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During July, the company purchases and uses 2,310 pounds of materials costing $12,243 in making 1,000 units of finished product terials va Compute total, price, quantity ances. (Round per decim places, e.g. 52.75 and final answers to 0 decimal places, e.g. Total materials varance Materials price variance Materials quantity variance Brief Exercise 23-5 Mordica Company's standard labor cost per unit af output s30.52 (2.80 hours x s10.90 per hour). During August, the company incurs 2,972 hours of direct labor an hourly cost of $11.12 per hour in making 1,100 units finished product. decimal places, e.g. 52.75.) Compute the total, price, and quantity labor variances. (Round answers to Total labor variance Labor price variance Labor quantity variance Brief Exercise 23-6 In October, Pine Company reports labor hour ,800 actual direct labor hours, and it incurs s115,000 of manufacturing averhead costs. Standard hours allowed for the work dane is 25,100 hours. The predetemined overhead rate is $4.78 per direct Compute the total overhead variance. (Round answer to 0 decimal places, e.g. 125.) Total Overhead Variance Click if you would like to Show Work for this question: Open Show Wark
