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PLEASE ANSWER THE FOLLOWING QUESTION (TIME SENSITIVE) On May 1, 2017, DelCarmen Company began the manufacture of a new paging machine known as Dandy. The
PLEASE ANSWER THE FOLLOWING QUESTION (TIME SENSITIVE)
On May 1, 2017, DelCarmen Company began the manufacture of a new paging machine known as Dandy. The company installed a standard costing system to account for manufacturing costs. The standard costs for a unit of Dandy and other information follow: (Click the icon to view the information) Actual production in May was 4,400 units of Dandy, and actual sales in May were 3,300 units. The amount shown for direct materials price variance applies to materials purchased during May. There was no beginning inventory of materials on May 1, 2017. Required 1. Compute the standard direct manufacturing labour-hours allowed for actual output produced. (Enter rates to two decimal places. Round your final answer to the nearest whole number.) Standard direct manuf, labour-hours X Data Table allowed for actual output produced hours hours = 2. Compute the actual direct manufacturing labour-hours worked. (Round your answer to the nearest whole dollar.) $ 15.00 Actual direct mfg. = labour-hours worked The standard costs for a unit of Dandy follow: Direct materials (3 kg. at $5 per kg.) Direct manufacturing labour (1/2 hour at $14 per hour) Manufacturing overhead (80% of direct manufacturing labour costs) 7.00 5.60 hours $ 27.60 3. Compute the actual direct manufacturing labour wage rate. (Round your answer to the nearest whole dollar.) = Actual direct mfg. labour wage rate The following data were obtained from DelCarmen's records for the month of May: Debit Credit per hour $ 4. Compute the standard quantity of direct materials allowed in kilograms). 165,000 74,250 $ 3,550 Standard quantity of direct materials allowed (in kilograms) kilograms Revenues Accounts payable control (for May's purchases of direct materials) Direct materials price variance Direct materials efficiency variance Direct manufacturing labour price variance Direct manufacturing labour efficiency variance 2,600 1,500 5. Compute the actual quantity of direct materials used (in kilograms) (Round vour answer to the nearest whole number 2,100 5. Compute the actual quantity of direct materials used in kilograms). (Round your answer to the nearest whole number.) Actual quantity of = DM used (in kgs) kgs. + 6. Compute the actual quantity of direct materials purchased (in kilograms). (Round your answer to the nearest whole number.) Actual quantity of DM purchased ) / kgs. = II 7. Compute the actual direct materials price per kilogram. (Round your answer to the nearest cent.) Actual direct materials price per kg per kgStep by Step Solution
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