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Complete the following attached accounting steps. all red boxes with formulas and work. Standard Costs: Standard Standard Price Quantity or Rate Direct Materials 3 Direct
Complete the following attached accounting steps. all red boxes with formulas and work.
Standard Costs: Standard Standard Price Quantity or Rate Direct Materials 3 Direct Labor Variable Overhead 2 2 sq. ft. DLH DLH Fixed Overhead Total standard cost per unit 2 DLH Direct Labor Variable Overhead Fixed Overhead Total standard cost per unit Actual Production Budgeted Production Denominator Activity Materials Purchased Materials Used Total DLH hours incurred Variable Overhead Costs Fixed Overhead Costs $3.80 per sq. ft. $11.40 $9.50 $0.58 per DLH per DLH $19.00 $1.16 $2.25 per DLH $4.50 $36.06 Actual Costs: Direct Materials Standar d Cost Standard Standard Price Quantity or Rate sq. ft. DLH DLH DLH 2.4 1.84 1.84 1.84 3.90 9.70 per sq. ft. per DLH per DLH per DLH Standar d Cost 9.36 17.85 0.00 0.00 27.21 $ 13,500 unit s $ 14,250 unit s $ 28,500 Quantity 33,000 32,400 24,800 Budgeted Cost $ 16,530 $ 64,125 $ 80,655 DLH Actual Cost sq.ft $ 128,700 sq.ft Calculate the following variances: $ 240,560 Actual Cost $ 17,360 $ 56,565 $ 73,925 a. b. c. d. e. materials price and quantity variances. labor rate and efficiency variances. variable overhead rate(spending) and efficiency variances. fixed overhead budget and volume variances. complete the following red boxes with formulas and show work Alibaba, Inc. Variance Analysis For the Month Ended November 30, 2017 Material Variances: Actual Quantity Purchased x Actual Price Actual Quantity Purchased x Standard Price 128700 $125,400.00 3300 Actual Quantity Used x Standard Price Standard Quantity x Standard Price Material Quantity Variance Labor Variances: Actual Hours x Actual Rate 240560 Actual Hours x Standard Rate Labor Rate Variance Actual Hours x Standard Rate Standard Hours x Standard Rate Labor Efficiency Variance Variable Overhead Variances: Actual Hours x Actual Rate Actual Hours x Standard Rate Variable Overhead Spending (Rate) Variance Actual Hours x Standard Rate Standard Hours x Standard Rate Variable Overhead Efficiency Variance Fixed Overhead Variances: Actual Hours x Actual Rate Budgeted Fixed Overhead 240560 Unfavorable Fixed Overhead Budget Variance Budgeted Fixed Overhead Standard Hours x Standard Rate Fixed Overhead Volume VarianceStep by Step Solution
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