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complete the whole thing please! Exercise 4 S Rogon Corporation has the following production standards: Direct Materials (1 lb per unit @ $7 per lb)
complete the whole thing please!
Exercise 4 S Rogon Corporation has the following production standards: Direct Materials (1 lb per unit @ $7 per lb) $ 7.00 Direct Labor (1.6 dl hrs per unit @ $12 per dl hr) 19.20 Variable OH (2 machine hrs per unit @ 56 per machine hr) 12.00 Fixed OH (2 machine hrs per unit @ $2 per machine hr*) 4.00 Total Standard Cost of one Finished Unit $ 42.20 (Fixed Overhead Rate based on budgeted production of 5,000 units) During the period, 4,800 units were produced. 5,100 pounds of direct materials were purchased at a cost of $7.20 per pound. 4,900 pounds of direct materials were used in production. 7,400 actual direct labor hours were incurred and the actual labor rate paid was $12.50. Actual variable overhead costs were $58,410 and actual fixed overhead costs were $21,000. Actual machine hours used were 9,900. Instructions Compute eight variances--two material variances, two labor variances, and four overhead variances. Variance Computations: Direct Materials: AQ AP AQ X SP AQ x SP SQ X SP Amount of Variance Name of Variance Unfor Fav? Direct Labor: AQ X AP AQ X SP SQ X c SP Amount of Variance Name of Variance Unfor Fav? Variable Overhead AQ AP AQ X SP SQ X SP Amount of Variance Name of Variance Unf or Fav? Fixed Overhead Actual Budget SQ x SP Amount of Variance Name of Variance Unfor FavStep by Step Solution
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