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PLEASE HELP ON PART C Part C-August Variance Analysis more cases than planned at the beginning of the month. Actual data for August were as
PLEASE HELP ON PART C
Part C-August Variance Analysis more cases than planned at the beginning of the month. Actual data for August were as follows: labor rate to exceed standard. The Filling Department used a lower grade labor classification during the month, thus causing the actual labor rate to be less than standard. Required-Part C: 10. Determine and interpret the direct materials price and quantity variances for the three materials. 11. Determine and interpret the direct labor rate and time variances for the two departments. 12. Determine and interpret the factory overhead controllable variance. 13. Determine and interpret the factory overhead volume variance. 14. Why are the standard direct labor and direct materials costs in the calculations for parts (10) and (11) based on the actual 1,500-case production volume rather than the planned 1,375 cases of production used in the budgets for parts (6) and (7)? 10. Determine and interpret the direct materials price and quantity variances for the three materials. The fluctuation in caused the direct material price variances. All the Direct material quantity variances were indicating 11. Determine and interpret the direct labor rate and time variances for the two departments. The change in the caused the labor rate variances. This change have been responsible for the direct labor time variance. 12. Determine and interpret the factory overhead controllable variance. Additional instruction The factory overhead controllable variance was caused by the variance in Feedback Check My Work 13. Determine and interpret the factory overhead volume variance. Additional Instructions The volume variance indicates the cost of The production volume of cases was planned at the beginning of August. The variances compare the actual cost and the standard cost of for the month. Thus, the standard cost must be based on the units of actual production. Part C-August Variance Analysis more cases than planned at the beginning of the month. Actual data for August were as follows: labor rate to exceed standard. The Filling Department used a lower grade labor classification during the month, thus causing the actual labor rate to be less than standard. Required-Part C: 10. Determine and interpret the direct materials price and quantity variances for the three materials. 11. Determine and interpret the direct labor rate and time variances for the two departments. 12. Determine and interpret the factory overhead controllable variance. 13. Determine and interpret the factory overhead volume variance. 14. Why are the standard direct labor and direct materials costs in the calculations for parts (10) and (11) based on the actual 1,500-case production volume rather than the planned 1,375 cases of production used in the budgets for parts (6) and (7)? 10. Determine and interpret the direct materials price and quantity variances for the three materials. The fluctuation in caused the direct material price variances. All the Direct material quantity variances were indicating 11. Determine and interpret the direct labor rate and time variances for the two departments. The change in the caused the labor rate variances. This change have been responsible for the direct labor time variance. 12. Determine and interpret the factory overhead controllable variance. Additional instruction The factory overhead controllable variance was caused by the variance in Feedback Check My Work 13. Determine and interpret the factory overhead volume variance. Additional Instructions The volume variance indicates the cost of The production volume of cases was planned at the beginning of August. The variances compare the actual cost and the standard cost of for the month. Thus, the standard cost must be based on the units of actual productionStep by Step Solution
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