Ch 21: Homework 1 Saved Help 7 171 points [The following information applies to the questions displayed below) Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds. $5.10 per pound) $ 153.00 Direet labor (4 hours $15 per hour) 60.00 Variable overhead (4 hours $6 per hour 24.00 Fixed overhead 14 hours $11 per hour) Standard cost per unit $281.00 44.00 Book Ask Print Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 68,000 units per quarter. The following additional information is available Operating Levels 704 BON 90N in units) Standard rest labor hours (4 bla/units DLH 47,600 ,400 61,200 190,400 217,600 244.800 Budgeted overhead flexible budget) Fixed overhead $ 2,393,600 $ 2,393,600 $ 2,393,600 Variable overhead $ 1,142,400 $ 1,305,600 $ 1.468.800 During the current quarter, the company operated at 90% of capacity and produced 61,200 units: actual direct labor totaled 239,800 hours. Units produced were assigned the following standard costs. Direct materials (1,836,000 pounds $5.10 per pound) $ 9,363,600 Direct labor (244,800 hours $15 per hour) 3,672,000 Overhead (244,800 hours $17 per hour) 4.161.600 $ 17,197,200 Standard (budgeted) cost References Actual costs incurred during the current quarter follow. Direct materials (1.826,000 pounds 8 $6.70 per pound) Direct labor (239,800 hours $12.00 per hour) Fixed overhead Variable overhead Actual cost $ 12,234,200 2,877,600 1,942,800 1,819,800 $ 18,873,400 Required information nts Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume variances. eBook Complete this question by entering your answers in the tabs below. Ask Reg 3 Req1 Req 2 Controllable Req 3 Vplume Varishce Variance Req 3 Volume Variance Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Print eferences Volume variance Budgeted total overhead Standard overhead applied Volume variance Rog 3 Volume Variance Required information nts Required: 1. Compute the direct materials variance, including its price and quantity variances. 2. Compute the direct labor variance, including its rate and efficiency variances. 3. Compute the overhead controllable and volume variances. eBook Complete this question by entering your answers in the tabs below. Ask Reg 3 Req1 Req 2 Controllable Req 3 Vplume Varishce Variance Req 3 Volume Variance Compute the overhead volume variances. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Print eferences Volume variance Budgeted total overhead Standard overhead applied Volume variance Rog 3 Volume Variance
