m Course rero :--'2 __ ' j .:: '11 Question 3 - LI: :'--2 l-ill r o m epage - E. . I--': F u r:- r. C om pa r -:c-u rs eh eer - B Mar. syncing a eztcmi heducatiommm LOSeVariance Analysis Assignment 0 Saved Help Save 5. Exit Submit 3 Exercise 11-2 Computing All Variances {L03 - CC15,17. 18; L04 - CC22, 23) Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one unit onoom follow: 8 Standard Quantity Standard Price Standard Dolnts or Hours or Hate Cost Direct materials 4.18 kilograms $1.88 per kilogram 5 7.38 Direct labour 8.4-1 hour $6.68 per hour 2.46 eBook Variable overhead 8.41 hour $1.68 per hour 6.41 Print R r The budgeted xed overhead cost is $14,811 per month. The denominator activity level of the allocation base is 1,025 direct labour eerences hours. During the most recent month, the following activity was recorded: a. 9,600 kilograms of material were purchased at a cost of $2.19 per kilogram. b. All of the rnaterial purchased was used to produce 2,500 units of Zoom. c. A total of 800 hours of direct labour time was recorded at a total labour cost of 9,200. d. The variable overhead cost was $1600, and the xed overhead cost was $20,367. Required: 1. Compute the direct materials price and quantity variances for the month. [Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None\" for no effect [i.e., zero variancej.) Materials price variance l % * Course Hero X mySaskPolytech x Question 3 - LO8 X D2L Homepage - Spri X Q Huron Company | X Q courseheer - Sear X * [Solved] Huron C X + X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mhedu... A" Not syncing LO8-Variance Analysis Assignment i Saved Help Save & Exit Submit 2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for 3 favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Labour rate variance 8 Labour efficiency variance points eBook Print References 3. Compute the variable overhead spending and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance). Round "Efficiency variance" to 2 decimal places.) Variable overhead spending variance Variable overhead efficiency variance Mc Graw Hill* Course Hero X mySaskPolytech x Question 3 - LO8 X D2L Homepage - Spri X Q Huron Company | X Q courseheer - Sear X * [Solved] Huron C X + X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mhedu... A" Not syncing LO8-Variance Analysis Assignment i Saved Help Save & Exit Submit 4. Compute the fixed overhead budget and the volume variances for the month. (Round intermediate calculations to the nearest 3 whole dollar amount. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) 8 Fixed overhead budget variance points Fixed overhead volume variance eBook Print References 5. Compute the underapplied or overapplied overhead for the month. (Round intermediate calculations and round final answer to 2 decimal places. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Total variable overhead variance Total fixed overhead variance Mc Graw Hill* Course Hero X mySaskPolytech x Question 3 - LO8 X D2L Homepage - Spri X Q Huron Company | X Q courseheer - Sear X * [Solved] Huron C X + X G https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252FIms.mhedu.. A" Not syncing LO8-Variance Analysis Assignment i Saved Help Save & Exit Submit Total variable overhead variance 3 Total fixed overhead variance 8 points eBook Print References overhead is Mc Graw Hill