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help( 1. Standard Direct materials $200,000 Direct labour $344,000 Variable overhead $122,400 Number of units produced $3000 Actual $200,000 $300,000 $120,000 $2400 Total direct materials
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1. Standard Direct materials $200,000 Direct labour $344,000 Variable overhead $122,400 Number of units produced $3000 Actual $200,000 $300,000 $120,000 $2400 Total direct materials variance? 2. Athens, Inc., manufactures argon, xon, and zeon from a joint process. Each gas can be liquified and sold for a higher price. Data on the process are as follows: Product Units produced ... Joint costs... Sales value at split-off.... Additional costs to liquify.. Sales value if liquified. Argon Xon Zeon Total 16,000 8,000 4,000 28,000 $ 60,000 (b) (a) $120,000 (c) (d) $30,000 200,000 14,000 $10,000 6,000 30,000 140,000 60,000 40,000 240,000 This amount is the portion of the total joint cost of $120,000 that had been allocated to argon. Required Determine the value for each lettered item Step by Step Solution
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