i need help with question p12-47a

2, 3) wer questions P12-46A Crede Manufacturing Company uses a standard cost accounting system. In ut variances. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $12 Normal capacity was 50,000 direct labour hours. During the year, 117,000 kg of raw materials were purchased at $0.92 per in kilogram. All materials purchased were used during the year. 6. Applied overhead to Job Numbered Instructions 7. Transferred Job No. 84 to finer gil (a) If the materials price variance was $3,510 favourable, what was the standard materials price per kilogram? 8. Billed customer for Job Nord apache 0 kg (b) If the materials quantity variance was $4,750 unfavourable, what was the standard materials quantity per unit? . Incurred selling and adviceand by (c) What were the standard hours allowed for the units produced? Instructions (d) If the labour quantity variance was $7,200 unfavourable, what were the actual direct labour hours worked? (a) Journalize the transact 7.20 per DLH (e) If the labour price variance was $9,080 favourable, what was the actual rate per hour? (b) Post to the job-order comments (f) If total budgeted manufacturing overhead was $360,000 at normal capacity, what was the predetermined overhead rate? (c) Prepare the entry to recorded the ov (g) What was the standard cost per unit of product? (d) Prepare the income statement fer ma (h) How much overhead was applied to production during the year? (i) Using selected answers above, what were the total costs assigned to work in process? P12-50A Toronto Manufa ding Co Manufacturing Company, has been giv , 3, 4) variances are given below late variances P12-47A Hi-Tek Labs performs steroid testing services for colleges and universities. Because the company works only with educational institutions, the price of each test is strictly regulated. Therefore, the costs incurred must be carefully Materials quantity variance repare an income Labour rate variance ent. monitored and controlled. Shown below are the standard costs for a typical test: Labour efficiency variance Direct materials (1 Petri dish at $1.80 per dish) $ 1.80 Factory overhead spendin Direct labour (0.5 hours at $20.50 per hour) 10.25 Factory overhead efficienc Variable overhead (0.5 hours at $8 per hour) 4.00 Factory overhead volume Fixed overhead (0.5 hours at $5 per hour) 2.50 He has determined that the compa Total standard cost per test $18.55 Direct materials The lab does not maintain an inventory of Petri dishes. Therefore, the dishes purchased each month are used that month. * Direct labour Actual activity for the month of May 2016, when 2,500 tests were conducted, resulted in the following: Variable factory over Fixed factory overhe Direct materials (2,530 dishes) $ 5,060 Total standard cost Direct labour (1,240 hours) 26,040 * Standard labour time Variable overhead 10,100 Fixed overhead 5,700 The actual fixed factory overh Mr. Robert would like to Monthly budgeted fixed overhead is $6,000. Revenues for the month were $55,000, and selling and administrative expenses Instructions were $2,000. Answer the following questi Instructions (a) How many units of pr $205 F (a) Calculate the price and quantity variances for direct materials and direct labour. (b) Determine the total fi (b) Calculate the total overhead variance. (c) How many direct lab (c) Prepare an income statement for management. (d) How many direct lab (d) Cl Provide possible explanations for each unfavourable variance. (e) What were the total (f) What were the total P12-48A Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for (g) What was the actua te variances. each unit of product. Planned production for the period was set at 9,000 units. Manufacturing overhead is budgeted at $135,000 (h) What was the budg for the period (20% of this cost is fixed). The 17,200 hours worked during the period resulted in the production of 8,500 units. (i) What was the bud The variable manufacturing overhead cost incurred was $108,500 and the fixed manufacturing overhead cost was $28,000. P12-51A Montreal Instructions OU (a) Calculate the variable overhead spending variance for the period. Direct n (b) Calculate the variable overhead efficiency (quantity) variance for the period. Direct 1 the fixed overhead budget (spending) variance for the period. variance for the period. During February, Canada, now CPA Canada) the following: Lot