Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need some help on these three please. Question 13 of 17 1.5/3 Current Attempt in Progress Your answer is partially correct. Wildhorse Inc., which produces

need some help on these three please. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 13 of 17 1.5/3 Current Attempt in Progress Your answer is partially correct. Wildhorse Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at $3.90 per pound) $31.20 Direct labor (5 hours at $14.00 per hour) $70.00 During the month of April, the company manufactures 270 units and incurs the following actual costs. Direct materials purchased and used (1.500 pounds) $6.150 Direct labor (1,370 hours) $19,043 Compute the total price, and quantity variances for materials and labor Total materials variance Type here to search $ Favorable o hp $ %% 3 5 6 8 W E 20 T U S D F G . C V B N M Question 13 of 17 1.5 / Compute the total, price, and quantity variances for materials and labor, Total materials variance $ Favorable Materials price variance $ Unfavorable Materials quantity variance $ Favorable Total labor variance $ Unfavorable Labor price variance $ Favorable Labor quantity variance $ Unfavorable e Textbook and Media Assistance Used e Textbook 1 e Textbook 2 be here to search O e E & 2 3 5 7 8 W E R. T Y U S D F. G H J C x c v B N Question 14 of 17 -13 III Current Attempt in Progress Wildhorse Corporation prepared the following variance report Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, es. 2.75) WILDHORSE CORPORATION Variance Report-Purchasing Department For Week Ended January 9, 2020 Type of Quantity Actual Standard Materials Purchased Price Price Price Varian Rogue11 Nos $5.15 $5.00 $4,035 Storm 17 6,900 OC $ $3.20 $1,380 Unfavorable Beast29 23.900 units $0.35 $ $478 Favorable Sype here to search O 11211 3 4 5 6 7 8 9 O E R. T Y U S D F G H K C V B N M Question 16 of 17 1.5/3 Current Attempt in Progress Your answer is partially correct. Pharoah Company's overhead rate was based on estimates of $792,000 for overhead costs and 79.200 direct labor hours. Pharoah's standards allow 2 hours of direct labor per unit produced. Production in May was 3,350 units, and actual overhead incurred in May was $67.810. The overhead budgeted for 6.700 standard direct labor hours is $66.700 ($19,800 fixed and 546,900 variable) (a) Compute the total controllable, and volume variances for overhead Total Overhead Variance $ Unfavorable Overhead Controllable Variance Utverable Overhead Volume Variance $ Favorable e Textbook and Media Assistance Used Type here to search O 3 & 6 7 8 9 W E R. T U T S D F G J Z B N M

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

If E[X] 0, show that cX 2, X when c 1

Answered: 1 week ago