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please do it like that in the box Exercise Two Point Carles McWhirter, vice-president of Cyprus Company was pleased to a variance on the income
please do it like that in the box
Exercise Two Point Carles McWhirter, vice-president of Cyprus Company was pleased to a variance on the income statement her the trouble the company had been having in control ng manufacturing Sheld that the $16,156 Overall manufacturing variance reported period was w o w the inte had been set for variances. The company produces and a single product. The standard cost card for the productos Stander Constanz Direct materials, 4 metres a $2.30 permetre Direct labour, 13 DLH $8.5 per DUH Variable overhead, 1.3 DLH 524 per DLH Fred Overhead, 13 DLH 55 per DUH Standard cost per unit $920 11.05 3.12 $ 2987 The two additional Information is a ble for the year completed The company manufactured 18.000 units of product during the year b. A total of 71,110 metres of material was purchased during the year cost of $2.50 mt. All of this was used to manufacture the 18.000 units There were beginning or ending intors for the year c. The company worked 24.200 direct labour-hours during the year at a cost of 30 per hour Required: 1. Compute the direct materials price and quantity variances for the year Purchase vice verlange Usage verance 2. Compute the direct labour rate and efficiency variances to Dinstabourate Directory Usage Exercise Two Point Carles McWhirter, vice-president of Cyprus Company was pleased to a variance on the income statement her the trouble the company had been having in control ng manufacturing Sheld that the $16,156 Overall manufacturing variance reported period was w o w the inte had been set for variances. The company produces and a single product. The standard cost card for the productos Stander Constanz Direct materials, 4 metres a $2.30 permetre Direct labour, 13 DLH $8.5 per DUH Variable overhead, 1.3 DLH 524 per DLH Fred Overhead, 13 DLH 55 per DUH Standard cost per unit $920 11.05 3.12 $ 2987 The two additional Information is a ble for the year completed The company manufactured 18.000 units of product during the year b. A total of 71,110 metres of material was purchased during the year cost of $2.50 mt. All of this was used to manufacture the 18.000 units There were beginning or ending intors for the year c. The company worked 24.200 direct labour-hours during the year at a cost of 30 per hour Required: 1. Compute the direct materials price and quantity variances for the year Purchase vice verlange Usage verance 2. Compute the direct labour rate and efficiency variances to Dinstabourate Directory Usage Step by Step Solution
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