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need help finding the last section. would greatly appreciate the answers in row/ columns form. no numberical plz. Question the standard cost card for a
need help finding the last section. would greatly appreciate the answers in row/ columns form. no numberical plz.
Question "the standard cost card for a single unit of Robinson,Inc.'s product is shown below.
opers Saved Help Master Budget $280,000 $126,000 $70,000 Spending Flexible Volume 18 Actual Costs Variances Budget Variances 19 Direct materials: $245,700 $24,300 $270,000 $10,000 20 Direct labor: $129,938 ($8,438) $121,500 $4,500 21 Variable overhead: $89,100 ($21,600) $67,500 $2,500 22 23 24 Using the formulas provided, compute the following variances. 25 Write If statements to enter an For U to indicate whether the variance is favorable or unfavorable. 26 27 Direct materials: Variance For U 28 Price Variance = AQ * (SP-AP) $35,100 F 29 Quantity Variance = SP (SQ-AQ) ($10,800) U 30 Total Spending Variance $24,300F 31 Direct Labor 32 Rate Variance = AH (SR-AR) 33 Efficiency Variance = SR (SH - AH) 34 Total Spending Variance 35 Variable Overhead 36 Rate Variance =AH" (SR - AR) Sheet1 Clipboard Font Styles B32 v X fo Standard Unit Cost $20.00 9.00 5.00 D E 1 The standard cost card for a single unit of Robinson, Inc.'s products is shown below. 2 Standard Standard 3 Quantity Price/Rate 4 Direct materials: 2.5 yards @ $8.00 per yard 5 Direct labor: 0.5 hours @ $18.00 per hour 6 Variable overhead (based on labor hours): 0.5 hours @ $10.00 per hour 7 8 Budgeted production for the month 14,000 units 9 Actual production for the month 13,500 units 10 11 Actual Costs incurred to Produce 13,500 units: 12 Direct Materials Purchased and Used 35,100 yards @ $7.00 per yard 13 Direct Labor Paid 7,425 hours @ $17.50 per hour 14 Variable Overhead Incurred 7,425 hours @ $12.00 per hour 15 Total Actual Cost $245,700 $129,938 $89,100 14 Variable Overhead Incurred 15 B C 7,425 hours @ F D E $12.00 per hour $89,100 ANNN Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for 16 the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable. 17 Spending Flexible Volume Master 18 Actual Costs Variances Budget Variances Budget 19 Direct materials: $245,700 $24,300 $270,000 $10,000 $280,000 20 Direct labor: $129,938 (58,438) $121,500 $4,500 $126,000 21 Variable overhead: $89,100 ($21,600) $67,500 $2,500 $70,000 22 23 24 Using the formulas provided, compute the following variances. 25 Write if statements to enter an For U to indicate whether the variance is favorable or unfavorable. 26 Step by Step Solution
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