Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

of 100) Question 22 to 29: Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected manufacturing products in

image text in transcribed
image text in transcribed
of 100) Question 22 to 29: Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected manufacturing products in the static budget is 50,000 units. Budget Amt Actual Flexible Per Unit Results Variance Budget Unit (Batches 52000 52000 Variable costs DM 1.84 104000 13000 91000 DL 2.88 145600 -4160 149760 VOH 30160 -7280 37440 Fixed Costs Fixed Overhead 23920 - 1080 25000 Total 303680 480 303200 0.72 Additional information for DM: Direct materials cost standard $1.75 per pound of paraffin Direct materials efficiency standard 105 pound of paraffin per batch of crayons Actual amount of paraffin used 65,000 pounds Actual cost of paraffin used $104,000 Additional information for DL: Direct labor cost standard $12.00 per DL.HR Direct labor efficiency standard 0.24 DL.Hr per batch of crayons Actual amount of direct labor hours 10,400 DL Actual cost of direct labor $145,600 Additional information for OH: Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Direct materials cost standard $1.75 per pound of paraffin Direct materials efficiency standard 1.05 pound of paraffin per batch of crayons Actual amount of paraffin used 65,000 pounds Actual cost of paraffin used $104,000 Additional information for DL: Direct labor cost standard $12.00 per DLH Direct labor efficiency standard 0.24 DL.Hr per batch of crayons Actual amount of direct labor hours 10,400 DLH Actual cost of direct labor $145,600 Additional information for OH: Variable OH cost standard $3.00 per DLHO . Fixed OH standard overhead allocation rate $2.00 per DLH Variable OH efficiency standard 0.24 DL.Hr per batch of crayons Actual amount of direct labor hours 10,400 DLHE Actual cost of variable OH $30,160 Compute fixed overhead cost (price) variance 6,200 F Oa. 1,080 F Ob. 1,080 U . 6,200 U d. Click Save and Submit to save and submit. Click Save All Answers to save all answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Explain the importance of nonverbal messages.

Answered: 1 week ago

Question

Describe the advantages of effective listening.

Answered: 1 week ago

Question

Prepare an employment application.

Answered: 1 week ago