MC 2022 FALL-ACCZlZ 30016 X ( C' i https://ezto.mheducation.com/eXt/map/index.html?_con=con&external_browser=0&|aunchUr|=https%253A%252F%252F|ms.mheducation.com%252Fmg... G Chapter 16 Learn... CH 23 50c Quiz 0 Part1 of3 skipped C3 Question'l-CHZSEOCQuiz x (a) NewTab x l + Saved Antuan Company set the following standard costs per unit for its product. Direct materials (4.0 pounds 6 $5.00 per pound) 5 20.00 Direct labor (1.8 hours 6 $14.00 per hour) 25.20 Overhead (1.8 hours 6 $18.50 per hour) 33.30 Standard cost per unit 5 78.50 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials 5 15,000 Indirect labor 75,000 Power 15,000 Maintenance 30,000 Total variable overhead costs 135,000 Fixed overhead costs DepreciationBuilding 24 , 000 DepreciationMachinery 7 1 , 000 Taxes and insurance 17,000 Supervisory salaries 252,500 Total fixed overhead costs 364,500 Total overhead costs S 499,500 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds 0 $5.10 per pound) $ 311,100 Direct labor (22,000 hours 9 $14.30 per hour) 314,600 Overhead costs Indirect materials 5 42,000 Indirect labor 176,450 Power 1 7 , 25 0 Maintenance 34,500 DepreciationBuilding 24, 000 DepreciationMachinery 95, 850 Taxes and insurance 15,300 Supervisory salaries 252,500 657,850 Total costs $ 1,283,550 an Help Save & Exit at: ennui; Submit MC 2022 FALL-ACC212 30016 X Question 1 - CH 23 EOC Quiz - X New Tab X + C a https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmg... " x GOT C Chapter 16 Learn... CH 23 EOC Quiz i Saved Help Save & Exit Submit The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds @ $5.10 per pound) $ 311 , 100 Direct labor (22,000 hours ( $14.30 per hour) 314, 600 Overhead costs Indirect materials $ 42, 000 Indirect labor 176 , 450 Part 1 of 3 Power 17 , 250 Maintenance 34 , 500 Depreciation-Building 24, 000 Depreciation-Machinery 95, 850 Taxes and insurance 15 , 300 Skipped Supervisory salaries 252 , 500 657 , 850 Total costs $ 1, 283, 550 2. Compute the direct materials variance, including its price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost .......... Mc Graw Hill( 9 C Q https:llezto.mheducationtcom/ext/map/index.htm|?_con=con&external_browser=0&launchUr|=https%253A%252F%252F|ms.mheducation.com%252Fmg... ] 1'} 6 I It I] i 8 Chapter 16 Learn... MC 2022 FALL-ACCZlZ 30016 x 0 Question 2 - CH 23 50c Quiz x {-5 New Tab x i + CH 23 50c Quiz 0 Saved DepreciationMachinery 7 1 , 000 Taxes and insurance 17,000 Supervisory salaries 252,500 Total fixed overhead costs 364,500 Total overhead costs $ 499,500 Pan20f3 The company incurred the following actual costs when it operated at 75% of capacity in October. Direct materials (61,000 pounds 0 $5.10 per pound) $ 311,100 Direct labor (22,000 hours 9 $14.30 per hour) 314,600 Overhead costs Indirect materials 5 42,000 Indirect labor 176,450 Power 17 , 250 Maintenance 34 , 500 DepreciationBuilding 24 , 000 DepreciationMachinery 95 , 850 Taxes and insurance 15,300 Supervisory salaries 252,500 657,850 Total costs $ 1,283,550 Help 3. Compute the direct labor variance, including its rate and efciency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places.) Save & Exit Submit a: 2 3 of3 Next > MC 2022 FALL-ACC212 30016 X Question 3 - CH 23 EOC Quiz - X New Tab X + C a https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmg... ( x GOT C Chapter 16 Learn... CH 23 EOC Quiz i Saved Help Save & Exit Submit variance hu colorting favorable infaunranle or no variance I ! Required information 3 Overhead Variance Report For Month Ended October 31 Expected production volume Part 3 of 3 Production level achieved Volume Variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance Total overhead \\ Mc wS Graw Hill