JAW Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follows. Direct materials, 2 kilograms at $6 per kilogram Direct labor, 0.15 hours at ? per hour Overhead, 0.75 hours at 7 per hour Total conta $ 7 per game 2 per game 7 per game $ 39 per game Assume that the following dato appeared in J&W's records at the end of the past month. Actual production Actual sales Materials (130,000 kilograms) Materials price variance Materials officiency variance Direct labor price variance Direct labor (29,000 hours) Underapplied overhead (total) 40,000 units 37,000 units 2 55,000 U 48,000 U 11,600 U 522,000 19,600 U There are no materials inventories. Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,600 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 ReqB Complete the standard cost sheet for a game console given below. (Do not round Intermediate calculations. Round your Actual production Actual sales Materiale (130,000 kilograma) Materials price variance Materials efficiency variance Direct labor price variance Direct labor (29,000 hours) Underapplied overhead (total) 40,000 units 37,000 unita 2 55,000 u 48,000 U 11,600 U 522,000 19,600 U There are no materials inventorles. Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,600 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Reg B Complete the standard cost sheet for a game console given below. (Do not round Intermediate calculations. Round your answers to 2 decimal places) per game Direct materials, Direct labor, 0.75 hours at Overhead, 0.75 hours at Total costs Kilograms at 86 per kilogram per hour per hour per game per game 39 per game $ ROGA Req A2 > Actual sales Materials (130,000 kilograms) Materials price variance Materials officiency variance Direct labor price variance Direct labor (29,000 hours) Underapplied overhead (total) 37,000 units 2 55,000 U 48,000 U 11,600 U 522,000 19,600 U There are no materials inventories. Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,600 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Prepare a variance analysis for direct materials and direct labor. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option) Direct materials: Price variance Efficiency variance Direct labor: Price variance Efficiency variance Actual sales Materials (130,000 kilograma) Materials price variance Materials officiency variance Direct labor price variance Direct labor (29,000 hours) Underapplied overhead (total) 37,000 unito 2 55.000 U 48,000 U 11,600 U 522,000 19,600 U There are no materials inventories. Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,600 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Reg B Assume that all production overhead is fixed and that the $19,600 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Overhead Actual Applied
