Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Direct Materials, Direct Labor, and Factory Overhead Cast Variance Analysis Madonaw Inc. processes a bave chemical into plastic. Standard costs and actual costs for

image text in transcribedimage text in transcribedimage text in transcribed

Direct Materials, Direct Labor, and Factory Overhead Cast Variance Analysis Madonaw Inc. processes a bave chemical into plastic. Standard costs and actual costs for direct materials, drect labor, and factory overhead incurred for the manufacture of 76.000 units of product were a t Actual Costs 230,400 at $4.80 Standard Costs Direct materials 241,600 lbs. at $5.00 Direct labor 19,500 hrs. at $17.901 19,950 hrs. at 18.30 Factory overhead Fates per drect labor based on 100% femal capacity of 20,350 deed labor hrs Vadable cost $4.10 $79,110 variable con Feed cost. $6.30 $132,275 fixed cost tad unt requires 0.25 hour of direct labo Required Direct Materials Price Valance Direct Materials Quantity Valance Total Direct Materials Cost variance b. Determine the direct aber in a direct labor me, wd total direct labor cost variance, ter a Tavable variance as a negative mothering assign and france as a peste number Dret Labor Fate Vanance Direct Labor Time Variance Tatal Direct Lab Cost Variance Determine the variatie factory had alrance, fixed factory overhead volume ver, and total factory read cost ancestor a favorable vacance as a negative number using a mans sign and an unfavorable varian aca positive number Fixed factory overhead valuna variance Tital factory overhead cost vlaso 008

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Essentials Of Business Statistics

Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or

5th Edition

978-1259688867, 1259688860, 78020530, 978-0078020537

Students also viewed these Accounting questions

Question

understand the diversity and complexity of ageing in the workplace;

Answered: 1 week ago