Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Go to P1153 Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costa for direct materials, direct labor, and factory overhead incurred for

image text in transcribed
Go to P1153 Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costa for direct materials, direct labor, and factory overhead incurred for the manufacture of 4.160 tires were as follows: 00 Direct materials Direct labor Factory overhead Actual Costs 101.000 lb. at 56.50 2000 hrs. at 515.40 Standard Costs 100.000 ib. at 56.40 2,080 hrs at $15.75 Rates per direct labor hr, based on 100% of normal capacity of 2.000 direct labor hes: Variable cost, 5400 Freed cost 56.00 58.200 variable cost 512.000 faed cost Each tire requires 0,5 hour of direct labor, Instructions Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance() the direct laborate variance, direct labor time variance and total direct labor cost and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, ma factory overhead cost ance

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_2

Step: 3

blur-text-image_3

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

Contemporary Auditing University Of Southern Indiano

Authors: Michael C. Knapp

7th Edition

0324658052, 978-0324658057

More Books

Students also viewed these Accounting questions

Question

3. Identify cultural universals in nonverbal communication.

Answered: 1 week ago

Question

2. Discuss the types of messages that are communicated nonverbally.

Answered: 1 week ago