Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Norwalk Enterprises manufactures insulated cold beverage cups printed with college and corporate logos , which it distributes nationally in lots of 1 2 dozen cups.

Norwalk Enterprises manufactures insulated cold beverage cups printed with college and corporate logos, which it distributes nationally in lots of 12 dozen cups. In June, Norwalk
produced 4,500 lots of its most popular line of cups, the 24-ounce lidded tumbler, at each of its two plants, which are located in Platinum and Augusta. The production manager,
Amelia Bourque, asks her assistant, Nick Fleming, to find out the precise per-unit budgeted variable costs at the two plants and the variable costs of a competitor, Clement Farm,
who offers similar-quality tumblers at cheaper prices. Fleming pulls together the following information for each lot:
i (Click on the icon to view more information.)
Required
Requirement 1. What is the budgeted variable cost per lot at the Platinum Plant, the Augusta Plant, and at Clement Farm?
The budgeted variable cost per lot for the Platinum Plant is 278.15.(Enter all amounts to the nearest cent.)
The budgeted variable cost per lot for the Augusta Plant is .(Enter all amounts to the nearest cent.)
The budgeted variable cost per lot for Clement Farm Plant is 242.99.(Enter all amounts to the nearest cent.)
Requirement 2. Using the Clement Farm data as the standard, calculate the direct materials and direct manufacturing labour price and efficiency variances for the Platinum and
Augusta plants.
Calculate the variances for the Platinum plant first. (Enter applicable values to the nearest whole dollar. Label each variance as favourable (F) or unfavourable (U). For variances with
a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.)
Lots
Direct materials
Direct labour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Okay here are the answers 1 The budgeted variable cost per lot ... 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

College Algebra

Authors: Robert F Blitzer

7th Edition

013449492X, 9780134453262

More Books

Students also viewed these Accounting questions