J W Corporation manufactures a new electronic game console The current standard cost sheet for a game console follows Direct materials, kilograms at $6 per kilogram $ per game Direct labor, 0 75 hours at per hour per game Overhead, 0 75 hours at per hour per game Total costs $ 42 per game Assume that the following data appeared in J Ws records at the end of the past month Actual production 58,000 units Actual sales 55,000 units Materials (129,000 kilograms) Materials price variance 56,000 U Materials efficiency variance 78,000 U Direct labor price variance 43,450 U Direct labor (39,500 hours) 714,950 Underapplied overhead (total) 19,700 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 $19,700 underapplied is the only overhead variance that can be computed What are the actual and applied overhead amounts

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J&W Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follows. Direct materials, ? kilograms at $6 per

J&W Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follows.


Direct materials, ? kilograms at $6 per kilogram	$	?	per game
Direct labor, 0.75 hours at ? per hour		?	per game
Overhead, 0.75 hours at ? per hour		?	per game
Total costs	$	42	per game

Assume that the following data appeared in J&Ws records at the end of the past month.


Actual production	58,000	units
Actual sales	55,000	units
Materials (129,000 kilograms)	?
Materials price variance	56,000	U
Materials efficiency variance	78,000	U
Direct labor price variance	43,450	U
Direct labor (39,500 hours)	714,950
Underapplied overhead (total)	19,700	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 $19,700 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts?