Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Managerial accounting. Can someone help with A - I? A company produces 2 product - product X and product (45 points) Product X requires 4

image text in transcribed

image text in transcribed

Managerial accounting.

Can someone help with A - I?

A company produces 2 product - product X and product (45 points) Product X requires 4 Part As and 3 Part B 5. Product Y requires 3 Part A's and 3 Part Bs. The standard cost for Part A is $10 per unit. - The standard cost for Part B is $20 per unit. During this month, the company purchased 50.000 units of Part A for $550,000 (there was no beginning balance). During this ng this month, the company purchased 100,000 units of Paru B for $1,900.000 (there was no beginning balance). During the month the company produced 1000 Xs and 500 YS. During the month the company used 5550 units of Part A and 4600 units of Part B. Factory payroll was $282.800 with 14,500 hours (all direct labor). X uses 8 standard direct labor hours. Y uses 12 standard direct labor hours. - Standard labor cost is $20 per hour. This is for scratch only. Put your answers below. a. What is the use variance for Part A? b. What is the use variance for Part B? c. What is the price variance for Part A? Name: Class time: d. What is the price variance for part B? e. What is the total variance for part A? f. What is the total variance for part B? Seratch only g. What is the rate (labor price) variance (hint: for production of both X and Y)? h. What is the efficiency (labor quantity) variance (hint: for production of both X and Y)? i. What is the total direct labor variance (hint: for production of both X Y)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

DOD Financial Management The Army Faces Significant Challenges In Achieving Audit Readiness For Its Military Pay

Authors: Government Accountability Office

1st Edition

1492310921, 978-1492310921

More Books

Students also viewed these Accounting questions

Question

2. What is the business value of security and control?

Answered: 1 week ago