Hi,

Although I reviewed what I learned, I could not solve this problem. I do not think it misses any data. Could someone help me with it? Thank you so much!

AutoSave ( OFF FXCostSp2020POST Q Q v Home Insert Draw Page Layout Formulas Data Review View Share Comments Times New Roman 11 A* ab v General Conditional Formatting v Insert v EX Ac Format as Table v Delete v Paste IUV $ ~ % " i Cell Styles v Format X v Sort & Find & Ideas Sensitivity Filter Select * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates A22 X V fx |B. Assuming Rhodes uses the two-variance method of analyzing factory overhead, compute the following variances for the month of July, indicating whether each variance is favorable or A B C D E G J K M N 0 P Q R S T Problem 2 (9 Points) Rhodes Corporation manufactures a product with the following standard costs: 4 Direct materials (20 yards (@ $1.85 per yard) 20 Yds @ $1.85 per yd $37.00 5 Direct labor (4 hours @ $12.00 per hour) 4 hours@ $12.00 per hour $48.00 Variable factory overhead (4 hours @ $5.40 per hour) 4 hours @ $5.40 per hour $21.60 Fixed factory overhead (4 hours @ $3.60 per hour) 4 hours @ $3.60 per hour $14.40 8 Total standard cost per unit of output $121.00 0 Standards are based on normal monthly production involv 2,000 DLHrs 500 units of output 11 12 The following information pertains to the month of July: 13 Direct materials purchased (16,000 yards @ $1.80 per 14 yard 16,000 Yds@ $1.80 per yd $28,800 15 Direct materials used (9,400 yards) 9,400 hours @ 16 Direct labor (1,880 hours @ $12.20 per hour) 1,880 hours @ $12.20 per hour $22,936 17 Actual fixed factory overhead $9,850 18 Actual variable factory overhead 19 Actual production in July: 460 units 460 20 21 A. Compute the budgeted fixed overhead. B. Assuming Rhodes uses the two-variance method of analyzing factory overhead, compute the 24 following variances for the month of July, indicating whether each variance is favorable or 25 unfavorable: 26 a. Factory overhead flexible-budget variance 27 b. Factory overhead production-volume variance 28 29 30 31 32 33 34 Instructions Problem 1 Form Problem 2 Form Problem 3 Form Problem 4 Form Problem 5 Form Problem 6 Form Problem 7 Form + Select destination and press ENTER or choose Paste + 100%