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I am struggling with p12-42A. Can i get help solving it? Direct materials (20,500 kg) Direct labour (19,600 hours) $100,450 Variable overhead 239,120 Number of

I am struggling with p12-42A. Can i get help solving it?

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Direct materials (20,500 kg) Direct labour (19,600 hours) $100,450 Variable overhead 239,120 Number of test kits purchased Fixed overhead 78,100 Number of test kits used Direct labour Total manufacturing costs 59,200 stollotes Total overhead costs $476,870 Variable Fixed The purchasing department normally buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. Test kits are kept in inventory at standard cost. At the APV = $2,050 F Instructions Instructions 100 U (a) Calculate all of the materials and labour variances. (a) Prepare a flexible overhead budget based on 80 (b) Calculate the total overhead variance. (b) Prepare a standard cost card for a water test. (c) Calculate the overhead budget variance and the overhead volume variance. (c) Calculate the direct materials price and quanti 2016, indicating whether they are favourable 2, 3, 4) (d) Calculate the laboratory variable overhead ulate variances P12-42A Soriano Manufacturing Company uses a standard cost accounting system to account for the manufacturing of unfavourable. prepare an income exhaust fans. In July 2016, it accumulates the following data for 1,500 units started and finished: ment. Cost and Production Data Raw materials Actual Standard A 192 :emoldor9 P12-44A Kohler Clothiers manufactures w In March 2016, 15,700 suits were made. The Units purchased normal capacity was 20,000 direct labour hou Units used 21,000 Cost Element Standard Unit cost 21,000 22,000 Direct materials 3.00 5 m at $6 EA A Direct labour 3.40 Direct labour 1 hour a Hours worked 3,450 3,600 Horse Less gil Matchstem held Hourly rate $ 11.80 12.50 Overhead 1 hour Manufacturing overhead angod 1.0) besthovo sidanay (fixe Incurred $101,500 Prog Se is good B.DO besthave boxit Applied $ 108,000 Overhead is applied based on direct lat budgeted variable overhead costs were Manufacturing overhead was applied based on direct labour hours. Normal capacity for the month was 3,400 direct labour Instructions hours. At normal capacity, budgeted overhead costs were $20 per labour hour variable and $10.00 per labour hour fixed (a) Calculate the total, price, and qu variances for manufacturing ove Total budgeted fixed overhead costs were $34,000. Jobs finished during the month were sold for $280,000. Selling and administrative expenses were $25,000. b) CHE Which of the materi more than 5% from standard to Instructions P12-45A You have been given V = $1,875 F (a) Calculate all of the variances for direct materials and direct labour. (b) Calculate the total manufacturing overhead variance. accounting for its one product: V = $6,500 F (c) Calculate the overhead budget variance and the overhead volume variance. 1. In the month of November 1 Lad (d) Prepare an income statement for management showing the variances. Ignore income taxes. Than P12-43A Under a contract with the provincial government, ChemLabs Inc. analyzes the chemical and bacterial com- 3) position of well water in various municipalities in the interior of British Columbia. The contract price is $25.20 per test a flexible performed. The normal volume is 10,000 tests per month. Each test requires two testing kits, which have a standard price determine of $3.80 each. Direct labour to perform the test is 10 minutes at $22.80 per hour. At normal volume, the overhead costs I costs, and variances. are as follows: ariable overhead costs $18,000 W ()

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