* I have to explain the steps in class. Could you please provide a little detail on how and why you used certain steps .

aclivity level of 10,000 direct labour bours. The monthly variahle aver d rate was $1.35 per direct labour hour. When prepar The following data on actual results are provided for the month of November ring the budget, Milberg Materials purchased Direct labour costs incurred Total of direct labour rate and efficiency variances Actual wage rate (S0.20 less than standard) Underapplied variable overhead costs Total underapplied fixed and variable overhead costs Materials price variance 536,000 $ 4.80 s 1065 u s 2,256 U Materials efficiency variance Price of purchased materials Materials used s 610 F $ 0.60 per unit Instructions Identify and calculate as many different variances as you can for 2016. 15,000 units P12-55B Harbaugh Manufacturing company uses a standard cost accounting system. adapted from CGA-Canada) In 2016, 45,000 units were pro- (SO 2, 3) LPV $1.500 F duced. Each unit took several kilograms of direct materials and two standard hours of aure e of $12. Normal capacity was 86,000 direct labour hour at $1.00 per kilogram. All materials purchased were used during the year direct labour at a standard hourly Answer questions s. During the year, 200,000 kg of raw materials were purchased about variances. Answer the following questions: (a) If (b) If the materials quantity variance was $23,750 favourable, what was the standard materials quantity per unit? c) What were the standard hours allowed for the units produced? (d) If the labour quantity variance was $10,080 unfavourable, what were the actual direct labour hours worked? (e) If the labour price variance was $18,168 favourable, what was the actual rate per hour? (0) If total budgeted manufacturing overhead was $713,800 at normal capacity, what was the predetermined overhead rate the materials price variance was $10,000 unfavourable, what was the standard materials price per kilogram? per direct labour hours? (g) What was the standard cost per unit of product? (h) How much overhead was applied to production during the year? 0) Using one or more answers above, what were the total costs assigned to work in process P12-56B Ronaldo Manufacturing Company uses a standard cost system in accounting for the cost of one roducts. (SO 2.3 The budgeted monthly production is 1,750 units per month. The standard direct labour cost is 15 hours per unit at $5 per hour. The budgeted cost for manufacturing overhead is set as follows: Fixed overhead per month $183,750 aclivity level of 10,000 direct labour bours. The monthly variahle aver d rate was $1.35 per direct labour hour. When prepar The following data on actual results are provided for the month of November ring the budget, Milberg Materials purchased Direct labour costs incurred Total of direct labour rate and efficiency variances Actual wage rate (S0.20 less than standard) Underapplied variable overhead costs Total underapplied fixed and variable overhead costs Materials price variance 536,000 $ 4.80 s 1065 u s 2,256 U Materials efficiency variance Price of purchased materials Materials used s 610 F $ 0.60 per unit Instructions Identify and calculate as many different variances as you can for 2016. 15,000 units P12-55B Harbaugh Manufacturing company uses a standard cost accounting system. adapted from CGA-Canada) In 2016, 45,000 units were pro- (SO 2, 3) LPV $1.500 F duced. Each unit took several kilograms of direct materials and two standard hours of aure e of $12. Normal capacity was 86,000 direct labour hour at $1.00 per kilogram. All materials purchased were used during the year direct labour at a standard hourly Answer questions s. During the year, 200,000 kg of raw materials were purchased about variances. Answer the following questions: (a) If (b) If the materials quantity variance was $23,750 favourable, what was the standard materials quantity per unit? c) What were the standard hours allowed for the units produced? (d) If the labour quantity variance was $10,080 unfavourable, what were the actual direct labour hours worked? (e) If the labour price variance was $18,168 favourable, what was the actual rate per hour? (0) If total budgeted manufacturing overhead was $713,800 at normal capacity, what was the predetermined overhead rate the materials price variance was $10,000 unfavourable, what was the standard materials price per kilogram? per direct labour hours? (g) What was the standard cost per unit of product? (h) How much overhead was applied to production during the year? 0) Using one or more answers above, what were the total costs assigned to work in process P12-56B Ronaldo Manufacturing Company uses a standard cost system in accounting for the cost of one roducts. (SO 2.3 The budgeted monthly production is 1,750 units per month. The standard direct labour cost is 15 hours per unit at $5 per hour. The budgeted cost for manufacturing overhead is set as follows: Fixed overhead per month $183,750