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Its a bunch of different parts to the same question please help! Antuan Company set the following standard costs per unit for its product. Direct
Its a bunch of different parts to the same question please help!
Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds @ $6.00 per pound) Direct labor (1.9 hours $10.00 per hour) Overhead (1.9 hours $18.50 per hour) Standard cost per unit $ 30.00 19.00 35.15 $ 84.15 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead budest (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs Depreciation-Building 24,000 Depreciation Machinery 71,000 Taxes and insurance 16,000 Supervisory salaries 281,250 Total fixed overhead costs 392,250 Total overhead costs $ 527,250 The company incurred the following actual costs when it operated at 75% of capacity in October $ 460,550 224,400 Direct materials (75,500 pounds @ $6.10 per pound) Direct labor (22,600 hours @ $10.20 per hour) Overhead costs Indirect materials Indirect labor Power Maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervisory salaries Total costs $ 41,350 176,650 17,250 34,500 24,000 95,850 14,400 281,250 ces 685,250 $ 1,370,280 2. Compute the direct materials variance, including its price and quantity variances (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Standard Cont Actual Cost 3. Compute the direct labor varlance, including its rate and efficiency variances. (Indicate the effect of onch variance by selecting fovorable, unfavorable, or no variance. Round "Rate per hour answers to two decimal places.) Standard Cost Actual Cost 4. Prepare a detailed overhead varlance report that shows the variances for individual items of overhead (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume Vanance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead cost Required information Fixed overhead costs Total overhead costs Volume Vanance Volume variance Total overhead Varianco Step by Step Solution
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