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Complete the Chapter 8 Standard Costing Variance Analyses (all 8 variances) . Show your work for full credit For Chapter 8 Standard Costing Variances Questions:
Complete the Chapter 8 Standard Costing Variance Analyses (all 8 variances). Show your work for full credit
For Chapter 8 Standard Costing Variances Questions: 20.0 ft $ 16.00 foot = $ 320.00 Unit Standards: DM DL VOH 18.0 hours @ 324.00 18.0 hours @ $ 18.00 hour $ 8.00 hour $ 12.00 hour 144.00 FOH 18.0 hours @ 216.00 $ 1,004.00 Flexible Budget: @ 14,000 DM (70%) 280,000.0 ft 4,480,000.00 DL 252,000.0 hours 252,000.0 hours 252,000.0 hours VOH $ 16.00 foot @ $ 18.00 hour $ 8.00 hour @ $ 12.00 hour 4,536,000.00 2,016,000.00 3,024,000.00 FOH 16,000 (80%) 320,000.0 ft DM = 5,120,000.00 DL 288,000.0 hours 288,000.0 hours @ $ 16.00 foot @ $ 18.00 hour @ $ 8.00 hour VOH 5,184,000.00 2,304,000.00 3,024,000.00 FOH 18,000 (90%) 360,000.0 ft DM 5,760,000.00 324,000.0 hours @ $ 16.00 foot @ $ 18.00 hour @ $ 8.00 hour DL VOH 5,832,000.00 324,000.0 hours 2,592,000.00 3,024,000.00 FOH Actuals: @ 16,000 DM 336,000.0 ft @ $ 16.50 foot @ $17.50 hour $ DL 320,000.0 hours = 5,544,000.00 5,600,000.00 2,640,000.00 3,520,000.00 VOH FOH i) Planned operation was at 70% of the productive capacity of 20,000 units. ii) Prepare DM, DL, VOH and FOH variance analysesStep by Step Solution
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