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i have only 25 minutes Dawson Toys. Ltd. produces a toy oled the Maze. The company has recently established a standard cost system to help
i have only 25 minutes
Dawson Toys. Ltd. produces a toy oled the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy Direct materials: 8 microns per toy at $0 32 per micro Direct labor 15 hours per toy at $6 90 per hou During July, the company produced 5.000 Maze toys The toy's production data for the month are as follows Direct materials 76,000 microns were purchased at a cost of $0 3t per micron 26.000 of these microns were still in inventory at the end of the thonth Dwect labor 8 000 direct labor hours wete worked at a cost of $59 200 Required: Compute the following variances for July indicate the effect of each variance by selecting " for favorable. "U" for unfavorable and "None" for no effectie zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount) The materials price and quantity variances bu The labor rate and efficiency variances lievanian Malonry vananda Labor anan Labor converse th Svet Erle Company manufactures a mobile fitness device called the Jogging Mate The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows Standard Hours 2 minutes Standard Hate per hour 35.5 Standard Cost During August 9220 hours of direct labor time were needed to make 19.000 units of the Jogging Mate. The direct labor cost totaled $50 /10 for the month Required: 1 What is the standard labor bous allowed SH to makes 19.000 Jogging Mates z What is the standard labor cost allowed ISHSR to make 19,000 logging Mates? 3. What is the labor spending variance? 4. What is the laborate variance and the labor efficiency variance! 5. The budgeted variable manufacturing overhead rate is $470 per direct labor hour During August the company incurred $47.944 in vanable manufacturing overhead cost. Commute the variabile averead rate and efficiency variances for the month (For requirements 3 through 5, indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect teto variance). Input all amounts as positive values. Do not round intermediate calculations! Stanlaborowe 2. Stanabor cast 2 Lobor pending inte Laboracic variance 5 Variable indolence Vocal efficiency variantsStep by Step Solution
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