Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help! Patterson Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of DLH. The following are

please help!
image text in transcribed
image text in transcribed
Patterson Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of DLH. The following are the company's standard information for the most recent month Direct materials per awning: 22.0 yards at $13.00 per yard Direct labor per awning: 5.0 DLH at $15 per DLH VMOH rate is 58.00 per DLH Total budgeted Fixed MOH=$60,000 Predetermined FMOH rate is $6.00 per DLH Actual cost and operating data for the most recent month are as follows: Purchased 51,260 yards of material at a total cost of $661,254 Used 47,500 yards in producing 2,200 awnings Actual DL Cost of \$168,175 for a total of 10,850 DLH Actual VMOH is $93,310 Actual fixed MOH is 567,500 1. What is the standard direct material cost for one awning? 2. What is the standard direct labor cost for one awning? 3. What is the standard cost of ONE awning? DM.. DL....... VMOH VMOH FMOH FMOH Total Activity A1 - (Continued) 4. What is the actual cost per yard of material purchased? 5. What is the actual direct labor cost per DLH? 6. How many awnings is the company expecting to make at the beginning of the year (the number in the master budget used to calculate the OH Rates)? 7. As reinforcement of Chapter 9 and 10 material, construct a flexible budget performance report for the ermananu for that woar. Note that the flexible budget variance is decomposed into a price/rate variance and a quantity/efficiency variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Microcomputers In Managerial Accounting

Authors: George Hildebrand

1st Edition

0938188275, 978-0938188278

More Books

Students also viewed these Accounting questions