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p7z help it has 2 requirements: this is the second Miller Toy Company manufactures a plastic swmming pool at its Westwood Plant. The plant has

p7z help
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it has 2 requirements: this is the second
image text in transcribed
Miller Toy Company manufactures a plastic swmming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June controuton format income statement below. Janet Dunn, who nas fust been appointed general manager of the westwood plant, has been given instructons to "get? things under control Upon reviewing the plants income statement Ms. Dunn has concluded that the major problem hes in the vanable cost of goods soid. She has been provided with the fotiowing standard cost per swiming pool Durng June the plant produced 6,000 poobs and incurred the followeng costs a. Purchased 28 400 pounds of materials at a cost of 3275 per pound b Used 23,200 pounds of materials in procuction. (finished goods and work in process thventories are insignoficant and can be ignored c. Worked 5.400 direct labon hous at a cost of $660 per hour a incured vamable manutacturing overhead cont totaling 510920 for the month A total of 3900 machine hours was. recorded It is the company's pobcy to close at vairances to cost of goods sold on a monthy basth Required: 1 Compuse the following varances for zune a Materials pike and quantty variances D. Laborrate and efficency vanance c Varisble ovemedd rate and efticiency varances 2 summarte the varances that you computed in to above by showno Ue net ovecan tavonable or untivorabie vanunce for the morth Complete this question by entering vaur answers in the tabs below: 10. Compute the folipoule the foliowing wariance for June, labor rate and efficoncy wariariceti. Requlred: 1. Compute the following variances for June a Materials price and quantity variances. b. Labor rate and efticlency variances. c Variable overhead rate and efficlency variances. 2. Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month Complete this question by entering your answers in the tabs below. Summarize the variances that you computed in (1) above by showing the net overall favorable or unfavorable variance for the month. (tndicate the effect of each variance by selecting "F for favorable, " u " for unfavorable, and "None" for no effect (I.e." tero vatiance). Input the amount as positive value.)

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