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Hi can i please get help from this please? can someone help please.Thanks! Naples Statuary manulactures bust statues of farnous historical figures. Al statues are
Hi can i please get help from this please?
can someone help please.Thanks!
Naples Statuary manulactures bust statues of farnous historical figures. Al statues are the same size. Standaed quantibes, standard prices, and standied unit coeds folow for drect matrial and Each unit requires the same amount of resaurces. The following information is from the static budget Grect manktactuting labor for 2020 (Cick the icon to vies the data.) (Click the ican to view the stafic budget data) Read the requibaments Requirement 1. Caiculate the sales-volume variance and flexible-tudget variance for operatng income. enter "or" in the appropriate field. If the variance is zero, do not select a label. Data table Data table During 2020, actual number of units produced and sold was 5,700, at an average selling price of $700. Actual cost of direct materials used was $1,193,100 ( 61,500 pounds at $19.40 per pound). Actual direct manufacturing labor costs were $658,800(18,000 actual direct manufacturing labor-hours at $36.60 per hour). Actual fixed costs were $1,250,000. There were no beginning or ending inventories. Requirements 1. Calculate the sales-volume variance and flexible-budget variance for operating income. 2. Compute price and efficiency variances for direct materials and direct manfacturing labor Step by Step Solution
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