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Hi, I need help with 11-66, a) to i) deler return shift Cambridge Business Publishers Chapter 11 Using Budgets for Planning and Coord 11-66 Variance
Hi, I need help with 11-66, a) to i)
deler return shift Cambridge Business Publishers Chapter 11 Using Budgets for Planning and Coord 11-66 Variance analysis The Sudbury, South Carolina, plant of Saldanha Sports Company has the following standards for its soccer ball production: (LO Standards: Material (leather) per soccer ball . . . .... Material price per yard . . .. . . . .... .... 0.25 yard Direct labor hours per soccer ball .... .. . $16 Wage rate per direct labor hour ... . . ... 0.20 hour Variable support cost rate . ............ $18 per hour Actual results for October: $15 per direct labor hour Used 13,000 yards of raw material, purchased for $205, 150 Paid for 8,240 direct labor hours at $17.50 per hour Incurred $131,840 of variable support costs Manufactured 40,000 soccer balls Required Determine the following variances for October: (a) Total direct material cost variance (b) Total direct labor cost variance (c) Total variable support cost variance (d) Direct material price variance (e) Direct material quantity variance (f) Direct labor rate variance (g) Direct labor efficiency variance (h) Variable support rate variance (i) Variable support efficiency variance 11-67 Variance analysis The North Point plant of Englehart Electronics Company has the follow standards for component C93: Standards: . . . 2 units of material B Material . . . ... . $10 per unit of B . . . Material price . . . 1 hour Direct labor . .. .. . $21 per direct labor hour . . . . ... Wage rate . . . . ... . .' $25 per direct labor hour Variable support cost rate . . ... Actual results for May: 4onn units of B, purchased at $9.75 per unit of B $19.25 per hourStep by Step Solution
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