Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HeadSound manufactures headphone cases During September 2010, the company produced and sold 100,000 cases and recorded the following cost data EEE (Click the icon to
HeadSound manufactures headphone cases During September 2010, the company produced and sold 100,000 cases and recorded the following cost data EEE (Click the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficienoy variances for direct materias and direct labor Be in with the cost vana ees select the equrad formulas, compute the coat vana ees or d eet mate als and direct labor and identi y whether each variance i avorable F or unfavorable (U). Abbrevia ons used: AC actual cost Aa = actual quantity. FOH-fixed ove head; SC- standard cost, SO-standard quantty) Data Table AC- SC)x AQ (AC SC)xAQ Direct materials cost variance - Direct lsber cost veriance Standard Cost Information Requirements Diract Matoriala Direct Labor Variable Manufacturing Overhesd 2 pat 0.17 per part 0.02 hours 00 per hour 0.02 hours 11.00 per hour 1 Compute the eost and eficiency variances for direet materials and direct 2 For manufacturing ovarhead, compute the variabla overmaad cost and 3 HeadSound's mansgement used better quality materials during September abor afficlancy variances and the focad ovarnaad cost and volume variances. Fbad Manufacturing Ovarhead ($30,720 for statie budget voluma f 90.000 units and 1,920 hours. or 310 per hour) 0uss the trade-ot between the two direct material varo nces. Print Done Diract Matenals Direet Labor Variable Manufacturing Overhead Fbood 207,000 parts 1,020 hours 0.22 per part) 4,540 4742 13.000 26.000 .10 per hour) Choose from any list or enter any number in the input fields and then click Check Answer HeadSound manufactures headphone cases During September 2010, the company produced and sold 100,000 cases and recorded the following cost data EEE (Click the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficienoy variances for direct materias and direct labor Be in with the cost vana ees select the equrad formulas, compute the coat vana ees or d eet mate als and direct labor and identi y whether each variance i avorable F or unfavorable (U). Abbrevia ons used: AC actual cost Aa = actual quantity. FOH-fixed ove head; SC- standard cost, SO-standard quantty) Data Table AC- SC)x AQ (AC SC)xAQ Direct materials cost variance - Direct lsber cost veriance Standard Cost Information Requirements Diract Matoriala Direct Labor Variable Manufacturing Overhesd 2 pat 0.17 per part 0.02 hours 00 per hour 0.02 hours 11.00 per hour 1 Compute the eost and eficiency variances for direet materials and direct 2 For manufacturing ovarhead, compute the variabla overmaad cost and 3 HeadSound's mansgement used better quality materials during September abor afficlancy variances and the focad ovarnaad cost and volume variances. Fbad Manufacturing Ovarhead ($30,720 for statie budget voluma f 90.000 units and 1,920 hours. or 310 per hour) 0uss the trade-ot between the two direct material varo nces. Print Done Diract Matenals Direet Labor Variable Manufacturing Overhead Fbood 207,000 parts 1,020 hours 0.22 per part) 4,540 4742 13.000 26.000 .10 per hour) Choose from any list or enter any number in the input fields and then click Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started