Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Deluxe Fendet, which is a standard cost system, manufactured 20,000 boat fonders during 2024 The 2024 revenue and cost formation for Deluxe follows Click the

image text in transcribed
image text in transcribed
image text in transcribed
Deluxe Fendet, which is a standard cost system, manufactured 20,000 boat fonders during 2024 The 2024 revenue and cost formation for Deluxe follows Click the icon to view the revenue and cost information Antiume nach fonder produced was told for the standard priced $80, and total soling and administrativo costs were $300,000. Prepare a standard cast income statement for 2024 for Deluxe Fonder. (Un a minun signor parentheses to enter any contra expenses Entor at the amounts as positive numbers) Deluxe Fender Standard Cost Income Statement For the Year Ended December 31, 2014 Deluxe Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2024. The 2024 revenue and cost information for Deluxe follo Gross Profit Operating Income (Loss) $ 1,200,000 Sales Revenue Cost of Goods Sold (at standard) Direct materials cost variance 195,300 7,050 F 5,250 U Direct materials efficiency variance Direct labor cost variance 450 U Direct labor efficiency variance 500 F Variable overhead cost variance 690 U 450 F Variable overhead efficiency variance Fixed overhead cost variance Fixed overhead volume variance 2,950 U 4,710 U

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

Exploring Public Relations Global Strategic Communication

Authors: Ralph Tench, Liz Yeomans

4th Edition

1292112182, 9781292112183

More Books

Students also viewed these Accounting questions

Question

understand possible effects of lifestyle risk factors;

Answered: 1 week ago

Question

Should civil service employees be allowed to unionize? Why?

Answered: 1 week ago