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Direct Meterials and Direct Labar, Variance Analysis; Factory Overhead Cost Variance Anelysis Route Tire Co. manufectures automobile tires. Standard costs and actual costs for direct
Direct Meterials and Direct Labar, Variance Analysis; Factory Overhead Cost Variance Anelysis Route Tire Co. manufectures automobile tires. Standard costs and actual costs for direct materials, direct lebor, and fectory overhead incurred for the manufacture af 4,B00 tires were as follaws Standard Costs Actual Costs Direct meterials DIrect labor Fectory averheedRates per direct labor hr. 6,200 lbs. et $4.S0 6,100 lbst $4.70 1,200 hrs, at 518.50 1,230 hrs, at $18.70 based on 100% of normal capecity cf 1,250 direct labor hrs, Veriable cost, $4.20 4,990 varieble cast $5,220 fixed cost Fixed cost, $5,50 Each tire requires 0.25 hours of direct labor. Required: a. Datemming the prica variance, quantty variance, nd total direct atenals coat vananca. Enter a favorable variance negativn amount, nd an unfavorable varanc as a pastiv amount. Prica variance -610 Unfavorable -480Unfavorable 1,090Unfavorable Quantity variance Total direct materials cost veriance b. Determine the rate varlance, time variance, and total direct labor cost varlance. Enter a favorable varlance as a negative amount, and an unfavorable varlance as a posltive amount. Rate varlance Time varianca Total direct labor cost varlance c. Determine variable factory averhead controllable variance, the fixed factory overhead volume variance, and tota factory overhead cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. varlable factory overhead controllable varlance Fixed factory averheed volurme variance Total factory averhead cast varianca
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