Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help Bullseye Company manufactures dartboards. Its standard cost information follows: Direct materials (cork board) Direct labor Variable manufacturing overhead (based on direct labor hours)
please help
Bullseye Company manufactures dartboards. Its standard cost information follows: Direct materials (cork board) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead (567,500 + 150,000 units) Standard Quantity 3.50 sq. ft. 1 hrs. 1 hrs Standard Price (Rate) $ 2.00 per sq. ft. $13.00 per hr $ 0.60 per hr Standard Unit Cost $ 7.00 13.00 0.60 0.45 Bullseye has the following actual results for the month of September Number of units produced and sold Number of square feet of corkboard used Cost of corkboard used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 130.000 470,000 $ 893.000 138.000 $ 1,669.800 79.000 $ 61,000 Required: 1. Calculate the direct materials price quantity, and total spending variances for Bullseye. (Do not round your intermediate calcu favorable, "U" for unfavorable.) Requireu. 1. Calculate the direct materials price, quantity, and total spending variances for Bullseye. (Do not round your intermediate favorable, "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance 2. Calculate the direct labor rate, efficiency, and total spending variances for Bullseye (Do not round your intermediate calculati favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance 3. Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye. (Do notre for favorable/Overapplied and "U" for unfavorable/underapplied.) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started