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need help with question act 8-1 all of the problems. thanks ??_auber unsed msnufacturing overhead tim labor usage variance 8-298 Competing most of Bartne Products
need help with question act 8-1
all of the problems. thanks
??_auber unsed msnufacturing overhead tim labor usage variance 8-298 Competing most of Bartne Products -rereryingto piece together the company the following data standard materials quantity per unit Standard materiairs price Standard labor quantity per unit Standard labor price Actual number of products produced Materials price variance Materials usage variance Labor price variance Labor usage variance ual amount of materials used. Delermnn the actual price per pound paid for materials. Determine the actual labor hours used. d. Determine the actual labor price per hour ANALYZE, THINK, COMMUNICATE ???6-1 Anthony soend bonus that he had expected, he told his wife, "This is the 240.000. The company lost money and gave me a b labor as was called for budget Business Applications Case tie versus flexible budget variances Sta manufacturing production supervisor for Green Bottle vw less-steel water bottles. Trying to explain why he did not get the dumbes t place 1 set up this budget assuming it would sell 250,000 units n the budget. This year, the company has the same 250,000 units goal worked, Well, it sold only bonus for not using as much materials and and sme I used more materials and labor than was budgeted. They said the ny's making all kinds of money. You'd think I'd get this big fat bonus sd would have made a lot more money if I'd stayed within GBW's master budget and the actual results for the most recent year of operating activ ea lot more money if I'd stayed within my budget. I guess I gotta wait company would for another bad year before I get a bonus. Like I said, this is the dumbest place 1 ever worked a ity follow. Master Budget Actual Results Variances For Number of units Sales revenue 250,000 $3,750,000 260,000 10,000 $3,950,000 $200,000 Variable manufacturing costs Materials Labor Overhead (600,000(622,200) 22,200 (312,500) (337,500) (321,000) (354,700) 7,200 U 8,500 U Variable selling, general, (475,000) (501,300) 26,300 U 2,025,000 and admin. costs 2,150,800 125,800 F (1275,000) (1,273,100) ,900F Selling, general, and admin. costs 470.000 (479,300) 9.300 U Contribution margin Fixed costs Manufacturing overhead S 280,000 280,000 398.,400 398400 $118,400 F Net incomeStep by Step Solution
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