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Chapter 22, I would like to have completely done by October 19 no later than 6:00p.m. please. Here are the files. I NEED THIS OCTOBER
Chapter 22, I would like to have completely done by October 19 no later than 6:00p.m. please. Here are the files.
I NEED THIS OCTOBER THE 19, WEDNESDAY BY 6:00 P.M. Chapter 22 EX 22-2 Standard product cost Wood You Lie To Me Furniture Company manufacturer's designer home furniture. Wood You Lie To Me uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct Labor: standard rate $24.00 per hr. Standard time per unit 4.0 hrs. standard price $22.00 per bd. Ft. Standard quantity 32 bd. Ft. Variable factory overhead standard rate $3.00 per direct labor hr. Fixed factory overhead standard rate $2.00 per direct labor hr. Direct materials (oak) A. Determine the standard cost per din9ing room table. B. Why would You Lie To Me Furniture Company use a standard cost system? EX 22-4 Direct materials variances The following data relate to the direct materials cost for the production of 4,000 automobile tires: Actual: 72,500Ibs. At $3.30 Standard 75,160Ibs. $3.15 A. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. B. To whom should the variances be reported for analysis and control? EX 22-8 Direct Labor variance Reincarnation Bicycle Company manufactures commuter bicycles from recycled materials. The following data for April of the current year are available: Quantity of direct Labor used 1,530 hrs. Actual rate for direct Labor $17.00 per hr. Bicycles completed in April 500 Standard direct Labor per bicycle Standard rate for direct Labor 3 hrs. $17.50 per hr. A. Determine the direct Labor rate variance, time variance, and total direct Labor cost variance. B. How much direct Labor should be debited to Work in Process? EX 22-17 Factory overhead cost variances The following data relate to factory overhead cost for the production of 10,000 computers. Actual: Variable factory overhead Fixed factory overhead Standard 14,000 hrs. at $25 $262,000 90,000 $350,000 If productive capacity of 100% was 15,000 hours and the total factory overhead cost budgeted at the level of 14,000 standard hours was $356,000, determine the variable factory overhead controllable variance, and the total factory overhead cost variance. The fixed factory overhead rate was $6.00 per hourStep by Step Solution
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