Fall 19 ACCT 2020.004 Managerial T Th 12:30p Homework: Ch 11 HW Score: 0 of 1 pt of 8 2 complete P11-55B (similar to) Poul Awning manufactures awnings and uses a standard cost system. The company allocates overhead based Actual cost and operating data from the most recent month are as on the number of direct labor hours. The following are the company's cost and standards data: (Click the icon to view the actual results.) m (Click the icon to view the standards.) basis of direct labor 0 Requirements Requirement 1. Calculate the standard cost of one swing Standard cost per urit Standard cost Direct materials Direct labor Variable MOH Fixed MOH 1. Calculate the standard cost of one awning 2. Calculate the following variances a. The direct material variances b. The direct labor variances c. The variable manufacturing overhead variances d. The fixed manufacturing overhead variances 3. Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances Are any of the variances rely to be interested? Total standard cost Print Done Enter any number in the edit fields and then click Check Answer 13 remaining 13 parts Clear All Fall 19 ACCT 2020.004 Managerial T Th 12:30p Homework: Ch 11 HW Score: 0 of 1 pt 8 of 8 (2 complete) P11-55B (similar to) Pickul Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: (Click the icon to view the standards.) Actual cost and operating data from the most recent month !! (Click the icon to view the actual results.) All manusia cubaad iesloated the basis of dire 0 Standard Price and Volume Requirement 1. Calculate the standard cost of one awning. Standard cost per unit Standard cost Direct materials Direct labor Variable MOH Fixed MOH Standards: Direct materials 23.0 yards per awning at $18.00 per yard Direct labor 5.0 hours per awning at $19.00 per hour Variable MOH standard rate $5.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $64.000 Total standard cost Print [ Done | Enter any number in the edit fields and then click Check Answer. 12 parts 13 remaining Clear All MacBook Air milar to) ufactures awnings and uses a standard cost system. The company allocates overhead based rect labor hours. The following are the company's cost and standards data: to view the standards.) Actual cost and operating data from the most recent (Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis Actual Results alculate the standard cost of one awning. Standard cost per unit Purchased 46,740 yards at a total cost of $808,602 Used 42,900 yards in producing 1,900 awnings Actual direct labor cost of $179,520 for a total of 9,350 hours Actual variable MOH $49,555 Actual fixed MOH $68,000 Print Done the edit fields and then click Check Answer Clear All