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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
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 Direct labor, 0.75 hours at ? per hour Overhead, 0.75 hours at ? per hour Total costs ? per game ? per game ? per game $ 42 per game Assume that the following data appeared in J&W's records at the end of the past month. Actual production Actual sales Materials (123,500 kilograms) Materials price variance Materials efficiency variance Direct labor price variance Direct labor (30,000 hours) Underapplied overhead (total) 41,500 units 38,500 units ? 50,000 U 43,800 U 15,000 U 525,000 19, 100 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 $19,100 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Reg A1 Req A2 Req B Complete the standard cost sheet for a game console given below. (Do not round intermediate calculations. Round your answers to 2 decimal places.) $ 123.00 X per game Direct materials, Direct labor, 0.75 hours at Overhead, 0.75 hours at S 23.00 X kilograms at $6 per kilogram 432.00 X per hour 321.00 X per hour $ $ $ 13.00 X per game 241.00 X per game 42 per game Total costs $ Req A1 Reg A2 Req 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 $ 214 8 TU $ 214 X F X Efficiency variance Direct labor: Price variance $ 421 XF X X X Efficiency variance $ 124 F Complete this question by entering your answers in the tabs below. Req A1 Req A2 Reg B Assume that all production overhead is fixed and that the $19,100 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Actual S Overhead 2,442 X 44,124 X Applied $
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