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i figured it out Standard Quantity Standard Price Standard Unit Cost Direct materials 16 pounds $14 per pound $224 Direct manufacturing labor 3.8 hours $30
i figured it out
Standard Quantity Standard Price Standard Unit Cost Direct materials 16 pounds $14 per pound $224 Direct manufacturing labor 3.8 hours $30 per hour $114 During 2017, actual number of units produced and sold was 5, 100, at an average selling price of $760. Actual cost of direct materials used was $1,149,400, based on 70,000 pounds purchased at $16.42 per pound Direct manufacturing labor-hours actually used were 17,000, at the rate of $33.70 per hour. As a result, actual direct manufacturing labor costs were $572,900. Actual fixed costs were $1.240,000. There were no beginning or ending inventories 3 Print Done Read the requirements. IX Data Table 7,100 units Expected production and sales Expected selling price per unit Total fixed costs $ 735 $ 1,250,000 Print Done labor Genoa Statuary manufactures bust statues of famous historical figures requires the same amount of resources. The following information is from the static budget for 2017: (Click the icon to view the static budget data.) Read Actual Flexible Flexible-Budget Variance 0 Sales-Volume Variance Results 5.100 Static Budget 7.100 Budget 5.100 2,000 Output units $ 3,876.000 $ 127,500 F $5.218.500 $ 3.748,500 $ 1,470.000 Revenues F 448,000 228,000 F $ 1.149,400 $ 572.900 1.240.000 Direct materials Direct manufacturing labor Fixed costs Total costs $ 1.590.400 809 400 1.250.000 0 7,000 U $ 1.142.400 5 8,500 F 581 400 10.000 F 1.250,000 11,500 F $ 2.973.800 $ 139.000 $ 774.700 5 $ 2.962,300 $ F 676,000 F $ 3,649,800 913.700S 794.000 F U $ 1,568.700 Operating income Choose from any list or enter any number in the input fields and then click Check Answer Genoa Statuary manufactures bust statues of famous historical figures. All statues requires the same amount of resources. The following information is from the stati (Click the icon to view the static budget data.) Direct materials $ 1.149,400 $ U $ 1.142.400 572,900 7,000 8,500 10,000 F Direct manufacturing labor 581,400 1.240.000 F 1,250.000 Fixed costs $ 2,962,300 $ 11,500 F $ 2,973.800 Total costs $ 913,700 $ 139.000 F $ 774.700 Operating income Requirement 2. Compute price and efficiency variances for direct materials and d Compute the price and efficiency variances for direct materials. Label each varian F Price variance Efficiency variance 62900 U Choose from any list or enter any number in the input fields and then click Ch Step by Step Solution
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