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I NEED WORK FOR I THRU Q ASAP PLEASE !!! Given Info for last names starting with: Standard Direct malenals: Standard Direct labor. A thru
I NEED WORK FOR "I THRU Q" ASAP PLEASE !!!
Given Info for last names starting with: Standard Direct malenals: Standard Direct labor. A thru H 4 pounds @ $10/lb. = $40 2 hours @ $13/hour = I thru Q 6 ounces @ $0.50/ounce = $3 0.6 hours $30/hour = $18 0.6 hours @ $10/hour = $6 R thru z 5 pounds @ $10/16 = $50 4 hours @ $16/hour = $64 4 hours @ $7/hour = $28 $26 2 hours @ $9/hour = $18 $84 $27 $142 29,000 units 2,500 units 25,000 units Standard Variable overhead: Total Standard cast per unit Planning budget based on producing & selling Actual production & sales Actual Direct materials purchased & used Actual Direct labor hours worked Actual variable manufacturing overhead 34.000 units 160,000 pounds @ $8.50/pound 59,000 hours @ $14/hour 2.000 units 24,600 units 18,000 ounces @ 164,000 pounds @ $0.60/oz $7.50/pound 1.100 hours @ 57,000 hours @ $30,50/hour $17/hour $12,980 $653,220 $564,040 Questions: 1. What is the materials price variance? 2. What is the materials quantity variance? 3. What is the difference between a planning budget and a flexible budget Step by Step Solution
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