Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NE Problem 12.46A ai Crede Manufacturing Company uses a standard cast accounting System. In 2020, 26,000 miles were produced. Each unit to several grams of

image text in transcribed

image text in transcribed

NE Problem 12.46A ai Crede Manufacturing Company uses a standard cast accounting System. In 2020, 26,000 miles were produced. Each unit to several grams of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of 59. Normal capacity was 50.000 de labour hours. During the year 117.000 kg oftars were purchased $0.95 per kilogram. Al materials purchased were used during the year If the materials price variance was $5.850 lavourable, what was the standard els proper (der to decimal places. 175.) Standard price per Wlogram 1.00 of the materials quantity variance was $5.700 unfavourable, where were standard material quandtyper int? (Round answer to 7 decimal persee 5.13) 0.99 kilograms Standard materiais quantity per unit what were the standard hours allowed for the units produced Standard hours allowed 416 If the labour Quantity variance was $5.670 unfavourable what were the actual direct labout hours world! Actual direct labour hours ES If the labour price variance was $8,446 favourable, what was the actual rate per hour? (Round answer to 2 decimal places, c.2. 15.25.) Actual rate per hour $ idy If total budgeted manufacturing overhead was $427,560 at normal capacity, what was the predetermined overhead rate? (Round answer to 2 decimal Predetermined overhead rate 8.40 What was the standard cost per unit of product? (Round answer to 2 decimal places. c.g. 15.25.) Standard cost per unit $ How much overhead was applied to production during the year Overhead applied $ Using selected answers above, what were the total costs assigned to work in process? (Round answer to the nearest Wale dollar, c.9. 5.275) Total costs assigned to work in process $

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

15th edition

978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290

More Books

Students also viewed these Accounting questions