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I want correct answer please . M AP 29 (a)(1) Total Materials Variance: 30 ( AQ 31 ( Value 32 ? minus 33 Value ?
I want correct answer please
. M AP 29 (a)(1) Total Materials Variance: 30 ( AQ 31 ( Value 32 ? minus 33 Value ? ) ) minus minus Value ( ( SQ Value X SP) Value ) ) 34 5 Materials price variance: ( AQ x ( Value x ? minus ) 6 7 3 ( AP Value ? minus minus Value AQ Value X SP Value ) ) = Materials quantity variance: ( AQ ( Value x ? minus SP Value ? minus minus Value SQ Value SP Value ( ) D E F H 64 65 (b) 66 Total Overhead Variance: 67 = minus Actual Overhead 68 Overhead Applied 69 70 = Value minus Value = Value 71 72 3 (6) 4 5 5 AYALA CORPORATION Income Statement For the Month Ended June 30, 2020 Sales revenue Cost of goods sold (at standard) Gross profit (at standard) + Variances Value ? ? P26.2A Compute variances, and prepare income statement Styles B E F G H 1 M A C 46 47 (a)(2) Total Labor Variance: 48 ( AH x 49 Value x 50 ? minus 51 AR Value ) ) ( minus minus Value SH Value SR Value ) = 52 53 54 Labor Price variance: ( AH ( Value x ? minus 55 AR Value ? ) ) C minus minus Value AH Value x x SR Value ) ) 56 = 57 58 59 60 Labor quantity variance: ( AH x ( Value x ? minus SR Value ? .) ) 51 minus minus Value ( ( SH Value SR Value 52 3 Value ? ? 73 (C) AYALA CORPORATION 74 Income Statement 75 For the Month Ended June 30, 2020 76 Sales revenue 77 Cost of goods sold (at standard) 78 Gross profit (at standard) 79 Variances 80 Material price Value 81 Materials quantity Value 82 Labor price Value 83 Labor quantity Value Value 84 Overhead 85 Total variance - favorable 86 Gross profit (actual) 87 Selling and administrative expenses 88 Net income ? ? Value ? 89 aaStep by Step Solution
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