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Can you help with the bottom three? Thanks :) Bonita Manufacturing Company uses a standard cost system in accounting for the cost of its main
Can you help with the bottom three? Thanks :)
Bonita Manufacturing Company uses a standard cost system in accounting for the cost of its main product. The following standards have been established for the direct manufacturing costs per unit: Direct materials (2 kg at $7.50 per kilogram) Direct labour (3 hours at $12 per hour) $15.00 per unit $36.00 per unit Budgeted overhead for the month of April (based on expected activity of 9,270 direct labour hours) is as follows: Variable overhead Fixed overhead Total overhead $30,591 20,080 $50,671 Overhead is applied based on labour hours. The average activity per month is 10,040 direct labour hours. The company calculates overhead rates based on average activity. Results for the month of April are as follows: Overhead is applied based on labour hours. The average activity per month is 10,040 direct labour hours. The company calculates overhead rates based on average activity. Results for the month of April are as follows: Units produced Direct materials used (6,700 kg) Direct labour (9,790 hours) Variable overhead Fixed overhead Total costs 3,245 $46,163 119,438 29,355 20,600 $215,556 There was no beginning or ending work in process inventory. Calculate the direct materials price, usage, and budget variances. Direct materials price variance Direct materials usage variance Total materials budget variance
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