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moatos corporation makes priduct with the following standards costs:- ....see pic In january the comapny produced 7200 units using 40,460 kilos of the direct material
moatos corporation makes priduct with the following standards costs:-
Derecho any recomany produced 7200 . 00 charboros form a nd the achieved cost compued when the marcas e purchased Round your medi a s de euro . They were Required come the materias quantity and D. Compute the materias price vanance b. Compute the materials price variance. Materials price variance c. Compute the labor efficiency variance. Labor efficiency variance d. Compute the labor rate variance. Labor rate variance e. Compute the variable overhead efficiency variance. Variable overhead efficiency variance f. Compute the variable overhead rate variance Variable overhead rate variance Moates Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.3 Direct materials Direct labor Variable overhead kilos hours Standard Price or Rate $2.40 per kilo $35 40 $35.40 per hour $7.40 per hour 1.6 1.6 hours > in January, the company produced 7,200 units using 40,460 kilos of the direct material and 11,460 direct labor-hours. DL actual direct labor cost for the month was $403,350 and the actual variable overhead cost was $83,901. The company a computed when the materials are purchased. (Round your intermediate calculations to 2 decimal places and your Required: a. Compute the materials quantity variance. Materials quantity variance Required: a. Compute the materials quantity variance. Materials quantity variance b. Compute the materials price variance. Materials price variance C. Compute the labor efficiency variance. Labor efficiency variance d. Compute the labor rate variance. Labor rate variance e. Compute the variable overhead efficiency variance. Variable overhead efficiency variance f. Compute the variable overhead rate variance. Variable overhead rate variance ....see pic
In january the comapny produced 7200 units using 40,460 kilos of the direct material and 11,460 direct labour hours . during month the company purchased 43000 kilos od the direct material at a cost of $117800. the actual direct labour cost for the month was $403,350 and the actual variable overhead cost was $83,901. the company applies variable overhead on the basis of direct labour hours .the direcf material purchases variance is computed when material are purchased
REQUIRED
(a) compute the material quantity variance
(b) compute the material price variance
(c) compute the labor efficiency variance
(d) compute the labor rate variance
(e)compute the variable ovehread efficiency variance
(f) compute the overhead rate variance
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