Question
cost accounting 5ed chapter 16 exercise 66; chart in excel format prepare a report that shows all variable production cost price and efficiency variances and
cost accounting 5ed chapter 16 exercise 66; chart in excel format prepare a report that shows all variable production cost price and efficiency variances and fixed production cost price and production volume variances excel format
Units produced (actual) 42000
Master production Budget
Direct materials $132,000 Direct labor 112000 Overhead 159200
Standard costs per unit
Direct materials $1.65x2 gallons per unit of output Direct labor $14 per hour x 0.2 hour per unit Variable overhead $11.90 per direct labor hour
Actual costs
Direct materials purchased and used $150,960 (81,600 gallons) Direct labor 111,708 (8,560) Overhead 163,200 (61% is variable)
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