Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data table X Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Data table X Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard $11.00 per yard of fabrio 1.30 yards per shirt 1.560 yards $17,628 $16.00 per DLHO 3.50 DLHr per shirt 4.610 DLHO $72,838 Actual amount of direct labor hours Actual cost of direct labor Print Done Requirements Calculate the following variances: 7. Direct materials cost variance 8. Direct materials efficiency variance 9. Total direct materials variance 10. Direct labor cost variance 11. Direct labor efficiency variance 12. Total direct labor variance Print Done 7. Calculate the direct materials cost ce Select the formula then enter the amounts and compute the cost variance for direct materials del with the race is favorable or unfavou Adual cos Standard Cost Aduad Quality Dired Materials Cont Variance 11 00 } 1,660 468 113 8. Calcate the direct material efficiency and Select the formula then enter the amounts and compute the efficiency and for direct materials and whether the ci favorable For unfavorable (U). AN Durity Actual Quantity Standard Cost Direct Materials Ericiency Varance 1,660 1.000 11.00 14:30 9. Calculate the total direct materials ance and identity whether the variance is tvorable or unfavorable The total direct mais varones 10 favorable 10. Calculate the direct laborou variance Calculate the total direct me wance dont whether the variance is favorable or unfavorable The total direct material variance is 1.800 favorable 10. Calculate the direct labor cost arance Select the form then enter the amounts and compute the cost variance for direct labor and by whether the variance is favorable or unfavorable (M) Actual Cost Standard Coul A Quantity Direct Labor Coslance ) 11. Calculate the direct labor officiency and Select the formula then the amounts and compute the incy wariance for director and identity with the warance in favorable For unfavorable (U). Direct Laberileny Variance 12. Calculate the total direct labor variance and etly whether the wariances favorable or unable The local direct labor variance is

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

Step: 3

blur-text-image

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

Advanced Audit And Assurance Study Text

Authors: KAPLAN

1st Edition

178740398X, 978-1787403987

More Books

Students also viewed these Accounting questions

Question

What proportion of crime incidents had more than two victims?

Answered: 1 week ago