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Please kindly help with these. Would appreciate if you could follow pictures properly Thanks REQUIREMENTS DATA TABLE QUESTIONS * Requirements 1. Determine the company's standard
Please kindly help with these. Would appreciate if you could follow pictures properly
Thanks
REQUIREMENTS
DATA TABLE
QUESTIONS
* Requirements 1. Determine the company's standard cost for one unit. 2. Prepare a flexible budget based on the actual number of PCs sold. 3. Compute the price variance for direct materials and for direct labour. 4. Compute the efficiency variances for direct materials and direct labour. 5. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance. 6. What is the total flexible budget variance for Eagle System's manufacturing costs? Show how the total flexible budget variance is divided into materials, labour, and overhead variances. 7. Have Eagle System's managers done a good job or a poor job controlling material and labour costs? Why? 8. Describe how Eagle System's managers can benefit from the standard costing system. Eagle System assembles PCs and uses flexible budgeting and a standard cost system. Eagle System allocates overhead based on the number of direct materials parts. The company's performance report includes the following selected data: (Click the icon to view the selected data.) Requirements Requirement 1. Determine the company's standard cost for one unit. First, select the formula, then compute the standard cost per unit. (Round your answer to the nearest cent.) Standard cost per unit based on the actual number of PCs sold. Actual gross profit Actual sales price per unit Actual total manufacturing costs Actual units sold Standard gross profit Standard sales price per unit Standard total manufacturing costs Standard units sold utputs Requirement 7. Have Eagle System's managers done a good job or a poor job controlling material and labour costs? Why? job controlling materials and labour costs. The direct materials price variance, direct materials efficiency variance, and direct labour efficiency variance far outweigh the direct The variances computed in Requirements 3 and 4 suggest that the managers have done a labour price variance. Requirement 8. Describe how Eagle System's managers can benefit from the standard cos Select five benefits managers may have from the standard costing system. good poorStep by Step Solution
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