Ine Blazon Manulacturing Companys cosung system has two direct cost categories, dreci materials and direct manufacturing labor. Manulacturing overead bol variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DMLH). Al the beginning of 2020, Blazon adopted the following standards for its manufacturing costs Click to view the standards (Click to view additional information) Read the requirements Requirement 1. Prepare a schedule of total standard manufacturing costs for the B.600 output units in January 2020 Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total Requirement 2. For the month of January 2020, compute the variances indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials Actual Input Quantity Budgeted Price Actual Costs Incurred Purchases Usage Flexible Budget Direct materials a. Direct materlals price varlance, based on purchases, is . , b. The direct materials efficiency variance is Now complete the table for direct labor Actual Costs Actual Input Quantity Incurred Budgeted Price Direct Manufacturing Labor Flexible Budget c. The direct manufacturing labor price variance is Flexible Budget Allocated Overhead d. The direct manufacturing labor efficiency varlance is Next complete the table for variable averhead Actual Input Actual Costs Quantity * Budgeted Incurred Price Variable Manufacturing Overhead Finally, complete the table for fixed overhead. Same Budgeted Lump Actual Costs Sum Regardless of Incurred Output Level Fixed Manufacturing Overhead Flexible Budget Allocated Overhead 6. The total manufacturing overhead spending variance is . f. The variable manufacturing overhead officiency variance is g. The production volume variance is Data table The denominator level for total manufacturing overhead per month in 2020 is 38.000 direct manufacturing labor-hours. Blazon's budget for January 2020 was based on this denominator level. The records for January indicated the following: Direct materials purchased 45 300 lb. at 54 20 per lib. Direct materials used 42.300 lb Direct manufacturing labor 44.000 hrs at 514 60 per hr Total actual manufacturing overhead (variable and lixed) $750,000 Actual production 8,600 output units Data table Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit Input 5 lb. at 54 perib 5 hrs. at $15 per hr 56 per DMLH 58 par DMLH Cost per Output Unit $ 20.00 75.00 30.00 40.00 $ S 165.00 Ine Blazon Manulacturing Companys cosung system has two direct cost categories, dreci materials and direct manufacturing labor. Manulacturing overead bol variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DMLH). Al the beginning of 2020, Blazon adopted the following standards for its manufacturing costs Click to view the standards (Click to view additional information) Read the requirements Requirement 1. Prepare a schedule of total standard manufacturing costs for the B.600 output units in January 2020 Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Total Requirement 2. For the month of January 2020, compute the variances indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials Actual Input Quantity Budgeted Price Actual Costs Incurred Purchases Usage Flexible Budget Direct materials a. Direct materlals price varlance, based on purchases, is . , b. The direct materials efficiency variance is Now complete the table for direct labor Actual Costs Actual Input Quantity Incurred Budgeted Price Direct Manufacturing Labor Flexible Budget c. The direct manufacturing labor price variance is Flexible Budget Allocated Overhead d. The direct manufacturing labor efficiency varlance is Next complete the table for variable averhead Actual Input Actual Costs Quantity * Budgeted Incurred Price Variable Manufacturing Overhead Finally, complete the table for fixed overhead. Same Budgeted Lump Actual Costs Sum Regardless of Incurred Output Level Fixed Manufacturing Overhead Flexible Budget Allocated Overhead 6. The total manufacturing overhead spending variance is . f. The variable manufacturing overhead officiency variance is g. The production volume variance is Data table The denominator level for total manufacturing overhead per month in 2020 is 38.000 direct manufacturing labor-hours. Blazon's budget for January 2020 was based on this denominator level. The records for January indicated the following: Direct materials purchased 45 300 lb. at 54 20 per lib. Direct materials used 42.300 lb Direct manufacturing labor 44.000 hrs at 514 60 per hr Total actual manufacturing overhead (variable and lixed) $750,000 Actual production 8,600 output units Data table Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit Input 5 lb. at 54 perib 5 hrs. at $15 per hr 56 per DMLH 58 par DMLH Cost per Output Unit $ 20.00 75.00 30.00 40.00 $ S 165.00
