o 1. We are analyzing 2 products - product X and product Y. o Product X requires 3 Part As and 4 Part B's. Product Y requires 2 Part A's and 3 Part B's. The standard cost for Part A is $12 per unit. The standard cost for Part B is $24 per unit. During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance). During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance). During the month the company produced 500 Xs and 1000 Ys. During the month the company used 3550 units of Part A and 4975 units of Part B. Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only). Xuses 12 standard direct labor hours. Yuses 14 standard direct labor hours. o Labor standard cost is $20 per hour. hint: for production of both X and Y Questions 1-25: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions. o o 2.Use the information given in Problem I. Use standard cost information for all calculations except as noted below. Department $Costs Activity Cost Driver Supplies $22,000 Direct labor hours Assembling $17,000 Units of standard direct material (Parts) Packaging $15,000 Completed units Questions 26-50: Suggestion: use the worksheet to complete the problem first, then answer the questions. o 1. We are analyzing 2 products - product X and product Y. o Product X requires 3 Part As and 4 Part B's. Product Y requires 2 Part A's and 3 Part B's. The standard cost for Part A is $12 per unit. The standard cost for Part B is $24 per unit. During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance). During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance). During the month the company produced 500 Xs and 1000 Ys. During the month the company used 3550 units of Part A and 4975 units of Part B. Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only). Xuses 12 standard direct labor hours. Yuses 14 standard direct labor hours. o Labor standard cost is $20 per hour. hint: for production of both X and Y Questions 1-25: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions. o o 2.Use the information given in Problem I. Use standard cost information for all calculations except as noted below. Department $Costs Activity Cost Driver Supplies $22,000 Direct labor hours Assembling $17,000 Units of standard direct material (Parts) Packaging $15,000 Completed units Questions 26-50: Suggestion: use the worksheet to complete the problem first, then answer the questions