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I would appreciate some help on a-f. Thank you. :) Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the
I would appreciate some help on a-f. Thank you. :)
Wildhorse's Style manufactures dining room tables for both home and restaurant locations. Kevin Jason, the company's controller, developed the following standard costs for each 5foot table. Ms. Jason developed these standards based on the company manufacturing 1,420 tables per month. Standard Price Standard Quantity Standard Cost Direct materials $50.00 per linearfoot 5.00 linear feet $250.00 Direct labor 18.00 per DLH 12.00 DLH 216.00 Variable overhead 16.00 per DLH 12.00 DLH 192.00 Fixed overhead 28.20 per DLH 12.00 DLH 338.40 Total standard cost per table $996.40 0 The company actually manufactured 1,320 tables during the month. 0 6,120 linear feet of direct materials were purchased during the month at a total cost of $258,264. 0 5,620 linear feet of direct materials were used to manufacture the tables. 0 16,620 direct labor hours were worked at a total cost of $245,160. 0 Actual variable overhead was $286,800. 0 Actual xed overhead was $412,700. (3} Calculate the direct material price variance for the month. (ifmriance iszem, select 'NotAppHcabie"andenter0 forthe amounts.) $ Favorable V Direct material price variance eTextbook and Media Save for Later Last saved 1 second ago. Attempts: unlimited (a) Calculate the direct material price variance for the month. (if variance is zero, select "NotApplicable" and enter 0 for the amounts.) $ J Favorable ] Unfavorable Direct material price variance Not Applicable eTextbook and Media Save for Later Last saved 1 second ago. Attempts: unlimited Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes.Step by Step Solution
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