HW Score: 66.67 % , 2 of 3 pts 3 of 3 (2 complete) Score: 0 of 1 pt. EQuestion Help- P23-28A (similar to) Actual cost and production information for July 2018 folows (Click the loon to view actual cost and production information) Rouse manufactures coffee mugs that it selis to other companies for customizing with their own logos. Rouse prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 59.800 coffee mugs per month mClck the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labo Begin with the oost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identity whether each variance is favorable (F) or unfavorable (u) (Abbreviations used AC actual cost AQ acual quandity FOH ed overhead SC standand cost, SQ standard quantity) Variance Fomula Direct materials cost variance Direct labor cost variance Choose from any list or enter any number in the input fields and then cick Check Answer Check Anawen Clear All parts remaining 12 Homework: Chapter 23 Homework HW Score: 66.67 % , 2 of 3 pts 3 of 3 2 completel Score: 0 of 1 pt P23-28A (similar to) EQuestion Hep Rouse manufactures ooffee mugs that it sels to other companies for customizing with their own logos. Rouse prepares budgets and uses a standand cost system to control manufacturing costs The standand unit cost of a coffee mug is based on stalic budget wolume of 59.800 coffee mugs per month mCck the icon to view the cost data Actual cost and production infomation for July 2018 follows (Click the loon to view actual cost and production information Read the requirements Requir AC actual cost AQ 0 Data Table ws and di Begin actual i More Info Dret Maels (02 025 per ) 0.05 There were no beginning or ending invertony balances All ependtures wee on as Direct account Drect Labor 030 (3 mines S 013per minte) Dired b Actual prodution and sales were 62.500 oe mug Achual drect maleals usage was 10.000 b at an acul ost of S0.17 per d Achual diet bor usage was 190.000minues at a total cost of 29 700 Actual ovehead cot was$10.0 variae and $30.010 ed Seing and administrative costs were $126,000 Manufactuing Ovehead 3mines S 006 per minte) 18 wl 060 042 3mins Gs014 per minue) Fed 104 Totel Cost per Cofee Mu Print Done Done Print 3 of 3 (2 complete) -28A (similar to) e manufactures coffee mugs that it sells to other companies for customizing with their own logos. Rouse prepares le budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug sed on static budget volume of 59,800 coffee mugs per month: Click the icon to view the cost data.) Actual cost and production information for July 2018 follows: i (Click the icon to view actual cost and production information.) Read the requirements. Data Table mate More Info Direct Materials 02 lbs @$ 0.25 per lb) S 0.05 There were no beginning or ending inventory balances. All expenditures were on a Direct Labor minutes@ S 0.13 per minute) (3 0.39 account Manufacturing Overhead b. Actual production and sales were 62.500 coffee mugs Actual direct materials usage was 10,000 lbs. at an actual cost of $0.17 per ib. Actual direct labor usage was 198,000 minutes at a total ocost of $29,700. Actual overhead cost was $10.890 variable and $30.010 fixed. Seling and administrative costs were $126,000. Variable 3 minutes@$ 0.06 per minute) $ 0.18 d. Fixed minutes $ 0.14 per minute) ( 3 0.42 0.60 e. Total Cost per Coffee Mug 1,04 f. Print Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer 12 parts remaining Clear All Score: 0 of 1 pt HW Score: 66.67 % , 2 of 3 3 of 3 (2 complete) P23-28A (similar to) Question Help- Rouse manufactures coffee mugs that it sells to other companies for customizing with their own logos. Rouse prepares fexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 59,800 coffee mugs per month mClick the ioon to view the cost data) Actual cost and production information for July 2018 follows Cick the icon to view actual cost and production information) Read the reauirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the cost variances. Select the required formulas, compute the cost variances for drect materials and direct labor, and identty whether each variance is fevorable (F) or unfavorable (U) (Aeviations used AC actal cost AQ actual quantity FOH fixed overhead, SC standand cost SQ standard quantity Vaiance Formular Direct materials cost variance Direct labor oost variance