Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dawn Co. manufactures and sells Toys and the following are the data for year 2019 Static Budget Actual 8,000 9,000 Units Sold 800,000 990,000 Revenues

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Dawn Co. manufactures and sells Toys and the following are the data for year 2019 Static Budget Actual 8,000 9,000 Units Sold 800,000 990,000 Revenues 240,000 285,000 Direct material 80,000 102,000 Direct Labor 64,000 80,000 Variable overhead 80,000 90,000 Fixed Cost Additional Information Standard direct material cost per Toy 3 bound of Plastic input allowed per output unit (Toy) 1 manufactured, at $10 standard price per bound Actual bounds of plastic input purchased and used 30,000 bound, with Actual price per bound $95.2 Standard labor price per hour $20.3 Actual labor price per hour $20.40.4 After preparing level 2 analysis, the revenues sales volume variance equal U 100,000 a F100,000 0 F1.000 U11 depending on the data in question 1 and after preparing level 2 analysis, the direct labor flexible budget variance equal F 10.000 0 F 12.000 U 12.000 U 10,000 depending on the data in question 1, and after preparing level 2 analysis, the contribution margin :flexible budget variance equal F55,000 0 U 52.000 U 55.000 F520000 depending on the data in question 1, and after preparing level 2 analysis, the variable overhead sales volume variance equal F 3.000 F12,000 O U 8.000 e U 10.000 depending on the data in question 1, and after preparing level 2 analysis, the operating income sales volume variance equal F 52,000 0 U 45,000 U 52,000 0 F 45,000 o depending on the data in question 1, and after preparing level 3 analysis, the direct material price variance equal F 15,000 U 30,000 F 30.000 O U 15,000 0 depending on the data in question 1, and after preparing level 3 analysis, the direct labor efficiency :variance equal F 2.000 a F 10.000 a U 10.000 e U 2,000 a depending on the data in question 1, and after preparing level 3 analysis, the fixed overhead spending :variance equal U 10.000 e F10,000 U 2.000

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

Horngrens Accounting, The Managerial Chapters

Authors: Tracie Miller Nobles, Brenda Mattison

13th Edition

0135982138, 9780135982136

More Books

Students also viewed these Accounting questions