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Bullseye Company manufactures dartboards. Its standard cost information follows: Direct materials (cork board)) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed
Bullseye Company manufactures dartboards. Its standard cost information follows: Direct materials (cork board)) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($69,000+230,000 units) Standard Quantity Standard Price. (Rate) 2.00 sq. ft. $ 2.80 per sq. ft. $10.00 per hr. Standard Unit Cost $ 5.60 1 hrs. 10.00 1 hrs. $ 0.40 per hr. 0.40 0.30 Bullseye has the following actual results for the month of September: Number of units produced and sold 210,000 Number of square feet of corkboard used 440,000 Cost of corkboard used $1,276,000 Number of labor hours worked 219,000 Direct labor cost $1,992,900 Variable overhead cost $ 80,000 Fixed overhead cost $ 58,000 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Bullseye. 2. Calculate the direct labor rate, efficiency, and total spending variances for Bullseye. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3
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