mework Assignment 1 of 1 (0 complete) C018, the company produced and sold 105,000 cases and recorded the following cost data: Data Table direct me Standard Cost Information F) or mpute the = stande $ Direct Materials Direct Labor Variable Manufacturing Overhead Quantity 2 parts 0.02 hours 0.02 hours Cost 0.17 per part 7.00 per hour 11.00 per hour Fixed Manufacturing Overhead ($32,300 for static budget volume of 95,000 units and 1,900 hours, or $17 per hour) Actual Cost Information Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead (205,000 parts @ (1,600 hours @ $ 0.22 per part) $ 7.15 per hour) $ 45,100 11,440 10,000 28,000 Print Done Ids and the Clear All ework Assignment 1 of 1 (0 complete) the company produced and sold 105,000 cases and recorded the following cost data: materials and direct labor. the cost variances for direct materials and direct labor and identify whether each variance is favorable (F) or un ndard * Requirements 1. 2. Compute the cost and efficiency variances for direct materials and direct labor. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. Soundset's management used better quality materials during September Discuss the trade-off between the two direct material variances. 3. Print Done nd then click Check Answer. Clear All P23-27A (similar to) IB Oestion Help Soundset manulares headphone cases. During September 2016. The company produced and sold 105,000 IT Cick the loon to view the cost data) and recorded the following cost data Read the Requirement 1. Compute the cost and e ncy variances for direct materials and direct labor Begin with the con vatances Select the required formulas, compute the cost variances for direct materials and director and identity whether each variance is favorable (F) or unfavorable (ul. (Abbreviations used: AC chal cost;AQ - actual quantity, OH Beed overhead, SC standard cost 50 standard quantity) Direct materials costvarilance Direct labor cool variance Choose from any list or enter any number in the input fields and then click Check Answer Clear All Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct actual quantity: FOH = fixed overhead; SC = standard cost; SQ = standard quantity.). Formula Variance Direct materials cost variance Direct labor cost variance (AC-SC) XAQ (AC-SC) SQ (AQ - SQ)X AC (AQ - SQ)X SC Actual FOH - Allocated FOH Actual FOH - Budgeted FOH Budgeted FOH - Allocated FOH Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining
