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Can someone help me to solve the question 11.1, 11.2 and 11.3. Thank you b. What are possible causes of the vald Problems Computer 11.1
Can someone help me to solve the question 11.1, 11.2 and 11.3. Thank you
b. What are possible causes of the vald Problems Computer 11.1 (LO 2. 3), AP Tiandra Company manufactures a single product. The standard cost per unit of product is shown below. 7.00 19.20 12.00 4.00 42.20 Direct materials--1 kilogram plastic at 7.00 per kilogram Direct labor-1.6 hours at 12.00 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 11-40 CHAPTER 11 Standard Costs and Balanced Scorecard P1144 Oxto in pro 1,720 02 50 instru d la 10.- The procesin facturing al s on normal production of 8.000 od from vad EN 000 units a pered car wable T her and local and of 20000 250 per bour Actual costs for Os 1 75) 4.Onits were as follows. Dimarias.100 kilograms) De la 17.00 hours Variable overhead 39.200 and overhead Tecal facturingots 21.000 209.920 he is mials that The purchasing department buys the quantities of in each month. Raw materials inventories, therefore can be ignored a. MPV 1,020 Instructions a Compute all of the materials and labor variances . Compute the local overhead variance POLLO 2, 3, 4, AP Avala ple accumulates the following data relative to jobs Marted and Joring the month of June 2030. Actual Cant wnd Production Data Standard 25 Raw materials unit cost 10.000 10.MY Raw material units used Direct labor payroll 120.960 120.000 Direct labor hours worked 14.400 15.000 Manufacturing overhead incurred 19.500 Manufacturing overhead applied 1900 Machine hours expected to be used at normal capacity 42 500 Badgeted fixed overhead for June ESS, 250 Variable owerhead rate per machine hour Fixed overhewe per machine hour 1 Overhead is applied on the basis of standard machine hours. Three hours of machine time are requis for cach direct labor hour. The jobs were sold for 400,000. Selling and administrative expenses were 40,000. Assume that the amount of raw materials purchased equaled the amount used. Instructions a. Compute all of the variances for (l) direct materials and (2) direct labor. b. Compute the total overhead variance. c. Prepare an income statement for management (Ignore income taxes.) a. LOVE4.800 F Comun i cant P.3LO 2, 3, 4), AN Writing Rudd Clochers is a small company that manufactures tall-men's suits the company has used a standard coccounting system. In May 20,20.11.250 suits were produced. The following standard and actual cost data applied to the moth of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 8 yards at 51.40 per yard $375,575 for 90.500 yards (54.15 per yard) Direct labor 1.2 hours at $13.40 per hour $200.925 for 14,250 hours ($14.10 per hour) Overhead 12 hours at $6.10 per her $49.000 fised owerhead (fixed $350. variable $260) $37,000 variable overhead Overhead is applied on the basis of direct labor hours. At normal sanacity hated fixed overhead costs were $19000, and budgeted variable overhead was 53.400 Instructions a. Compute the total price and quantity variances for materials and labor. b. Compute the total overhead variance c. Which of the materials and labor variances should be investigated if management considera ance of more than 45 from standard to be significant? a. MPV 522,625 F Step by Step Solution
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