Homework: Chapter 10 Question 2, E10-27A (similar to) P12 of 6 HW Score: 0.88%, 0.09 of...

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Homework: Chapter 10 Question 2, E10-27A (similar to) P12 of 6 HW Score: 0.88%, 0.09 of 10 points Points: 0.09 of 1 Save Boat Quent, which uses and cost accounting system, manufactured 180,000 boat fenders during the year, using 1,360,000 m of extruded vinyl purchased at $1.20 per metre Production required 4,400 direct labour hours that cost $13.50 per hour The materials standard was 7 m of vinyl per fender at a standard cost of $1.25 per metre. The labour standard was 0.025 direct labour hour per fender at a standard coat of $12.00 per hour. Compute the price and efficiency variances ms and drect labour Does the patem of variances suggest Boat Guard's managers have been making trade-offs? Explain Begin by dening the foule for the price variance, then compute the price variances for direct materials (DM) and direct labour (DL) (Enter the results as positive numbers. Label each variance as favourable (F) or unfevourable (1) Bandant price per input unit) Actual quantity of input OM OL Adual price per ind 120 12.50 1.25 12.00 3x 1,300,000 4,400 Price variance 68.000 2.200 Homework: Chapter 10 Question 2, E10-27A (similar to) P12 of 6 HW Score: 0.88%, 0.09 of 10 points Points: 0.09 of 1 Save Boat Quent, which uses and cost accounting system, manufactured 180,000 boat fenders during the year, using 1,360,000 m of extruded vinyl purchased at $1.20 per metre Production required 4,400 direct labour hours that cost $13.50 per hour The materials standard was 7 m of vinyl per fender at a standard cost of $1.25 per metre. The labour standard was 0.025 direct labour hour per fender at a standard coat of $12.00 per hour. Compute the price and efficiency variances ms and drect labour Does the patem of variances suggest Boat Guard's managers have been making trade-offs? Explain Begin by dening the foule for the price variance, then compute the price variances for direct materials (DM) and direct labour (DL) (Enter the results as positive numbers. Label each variance as favourable (F) or unfevourable (1) Bandant price per input unit) Actual quantity of input OM OL Adual price per ind 120 12.50 1.25 12.00 3x 1,300,000 4,400 Price variance 68.000 2.200