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NEED THE ANSWERS FOR THE SPOTS WHERE THE ARROWS ARE POINTING!!!!!!!!!!!!!!!!!!!!! [ The following information applies to the questions displayed below. ] Springsteen Company manufactures

NEED THE ANSWERS FOR THE SPOTS WHERE THE ARROWS ARE POINTING!!!!!!!!!!!!!!!!!!!!!
[The following information applies to the questions displayed below.]
Springsteen Company manufactures guitars. The company uses a standard, job-order cost-accounting
system in two production departments. In the Construction Department, the wooden guitars are built by
highly skilled craftsmen and coated with several layers of lacquer. Then the units are transferred to the
Finishing Department, where the bridge of the guitar is attached and the strings are installed. The guitars
also are tuned and inspected in the Finishing Department. The diagram below depicts the production
process.
Each finished guitar contains seven pounds of veneered wood. In addition, one pound of wood is typically
wasted in the production process. The veneered wood used in the guitars has a standard price of $13 per
pound. The other parts needed to complete each guitar, such as the bridge and strings, cost $16 per guitar.
The labor standards for Springsteen's two production departments are as follows:
Construction Department: 6 hours of direct labor at $20 per hour
Finishing Department: 4 hours of direct labor at $16 per hour
The following pertains to the month of July.
There were no beginning or ending work-in-process inventories in either production department.
There was no beginning finished-goods inventory.
Actual production was 680 guitars, and 480 guitars were sold on account for $490 each.
The company purchased 7,800 pounds of veneered wood at a price of $13.50 per pound.
Actual usage of veneered wood was 6,300 pounds of the wood purchased during July.
Enough parts (bridges and strings) to finish 780 guitars were purchased at a cost of $9,180.
The Construction Department used 3,800 direct-labor hours. The total direct-labor cost in the
Construction Department was $72,200.
The Finishing Department used 2,850 direct-labor hours. The total direct-labor cost in that department
was $48,450.
There were no direct-material variances in the Finishing Department.
Complete the table below that compute the July direct-material and direct-labor variances in the Construction
Department and the July direct-labor variances in the Finishing Department. (Refer to Exhibit 10-2, Exhibit 10-3 and
Exhibit 10-4 for guidance.)
Complete this question by entering your answers in the tabs below.
\table[[Req 2A,Req 2B,Req 2C,Req 2D]]
Complete the table below that compute the July direct material purchase price variance in the
Construction Department. (Indicate the effect of each variance by selecting "Favorable" or
"Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "Actual
Price" and "Standard Price" to 2 decimal places.)
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