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I need to know the amounts on debits and credits all rest is good please Maple Leaf Production manufactures truck tires. The following information is

image text in transcribedimage text in transcribedI need to know the amounts on debits and credits all rest is good please

Maple Leaf Production manufactures truck tires. The following information is available for the last operating period. Maple Leaf produced and sold 93,000 tires for $48 each. Budgeted production was 97,000 tires. Standard variable costs per tire follow: Direct materials: 4 pounds at $2.00 Direct labor: 0.50 hours at $17.50 Variable production overhead: 0.28 machine-hours at $15 per hour Total variable costs $ 8.00 8.75 4.20 $20.95 Fixed production overhead costs: Monthly budget $1,460,000 Fixed overhead is applied at the rate of $16 per tire. Actual production costs: Direct materials purchased and used: 387,000 pounds at $1.60 Direct labor: 42,500 hours at $17.80 Variable overhead: 27.000 machine-hours at $15.50 per hour Fixed overhead $ 619 200 756.500 418.500 1,472,000 Required: a. Prepare a cost variance analysis for each of the variable costs for Maple Leaf Productions. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Variable Overhead $ 418.500 $ Actual costs Actual inputs at standard price Flexible budget Price variance Efficiency variance Cost variance Direct Materials S 619,200 $ 774.000 S 744,000 $ 154,800F S 30,000 S 124,800F $ Direct Labor $ 756,500 S 743,750 s 813,750 S 12.7500 S 70.000 F S 57,250 F $ 405,000 390,600 13,500 14,400 IU 27,900 $ $ b. Prepare a fixed overhead cost variance analysis. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Total fixed overhead cost variance S 16,000 F View transaction list View journal entry worksheet No Event Debit Credit 1 1 General Journal Work-in-process inventory Materials efficiency variance Materials price variance Accounts payable 8 8 Fixed overhead (applied) Fixed overhead price variance Fixed overhead production volume variance Fixed overhead (actual) 2 2 9 9 Work-in-process inventory Direct labor price variance Direct labor efficiency variance Wages payable Finished goods inventory Work-in-process inventory 10 10 Accounts receivable Sales revenue 3 3 Work-in-process inventory Variable overhead (applied) 11 11 Cost of goods sold Finished goods inventory 4 4 Variable overhead (actual) Miscellaneous payables and inventory accounts 12 12 5 5 Variable overhead (applied) Variable overhead price variance Variable overhead efficiency variance Variable overhead (actual) Materials price variance Direct labor efficiency variance Fixed overhead production volume variance Materials efficiency variance Direct labor price variance Variable overhead price variance Variable overhead efficiency variance Fixed overhead price variance Cost of goods sold 6 6 Work-in-process inventory Fixed overhead (applied) 7 7 Fixed overhead (actual) Miscellaneous payables and inventory accounts

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