Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Question 29 5 pts Question : Variance Analysis The Las Vegas plant of SpeederCola! Company LLC produces delicious cola soda. At the beginning of

image text in transcribed
image text in transcribed
image text in transcribed
D Question 29 5 pts Question : Variance Analysis The Las Vegas plant of SpeederCola! Company LLC produces delicious cola soda. At the beginning of the year, the Las Vegas plant had the following standard cost sheet per jug of cola soda: Direct Materials (11 gallons @ $3.00 per gallon) Direct Labor (0.10 hours @ $20.00 per hour) Fixed Overhead (0.10 hours @ $10.00 per hour) Variable Overhead (0.10 hours @ $10.00 per hour) Total Standard Cost per unit $33.00 $ 2.00 $ 1.00 $ 1.00 $ 37.00 Overhead is applied on the basis of direct labor hours. The actual results for the year are as follows: 1. Units produced: 26,000 jugs of soda 2. Direct materials purchased: 250,000 gallons @ $3.05 per gallon 3. Direct materials used: 270,000 gallons 4. Direct labor: 3,300 hours @ $21.50 per hour 5. Fixed overhead: $30,000 6. Variable overhead: $35,000 Question 1: Part 1 Compute the Direct Materials Price variance: $12.500 Unfavorable $12.500 Favorable $14.500 Llofavorable Allocate the overhead costs of the support departments to the producing departments using the step (sequential) method. Bases for allocation are: maintenance - square footage, purchasing - purchase orders, and personnel - number of employees. (Round intermediate steps to four decimal places and your final answer to the nearest dollar.) Allocate in the following sequence: 1. Maintenance, 2. Purchasing. 3. Personnel Question H: Part 1 Total cost of Assembly (including its own overhead cost) is closest to: O $823,127 $901,876 O $1,023,124 O $1,323,187 $1,523,123 D Question 28 5 pts Question H: Part 2 Total cost of Painting (including its own overhead cost) is closest to 5823.127 Question : Part 3 Compute the Direct Materials Total variance: O $35,500 Unfavorable $35,500 Favorable O $60,500 Unfavorable O $60,500 Favorable Not Applicable Question 32 5 pts Question Part 4 Compute the Direct Labor Rate variance: O $4.950 Unfavorable $4,950 Favorable $6.950 Unfavorable $6,950 Favorable Not Applicable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Environmental Responsibility Accounting And Corporate Finance In The EU

Authors: Panagiotis Dimitropoulos, Konstantinos Koronios

1st Edition

3030727726, 9783030727727

More Books

Students also viewed these Accounting questions