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Please look at and answer ALL requiremnets!! Kyler manufactures coffee mugs that it seils to other companies for customizing with their own logos. Kyler prepares
Please look at and answer ALL requiremnets!!
Kyler manufactures coffee mugs that it seils to other companies for customizing with their own logos. Kyler prepares Aexble budgets and usos a standard cost system to control manulacturing costs. The standard unit cost of a coffoe mug is based on static budget volume of 50.900 coffee mugs per manth: (Click the ican to view the oost dota.) (Aoorevatoons usea: AL= acuai cost: AL = actuat quantly, rUH= nxeo overneac; ot a stanaard cost, bu a stanqare quantry) Select the required fommias, compute the efficiency yariances for diruct materials and direct labor, and identify whether each variaince is favorable (F) or untanorable (U). (Abbinieaians used. AC actual cost, AQ= actual quantity, FOH = fixpd overhead; SC= standard cost; SO = standard equantity.) the last line of the journai entity table-) Beain by ioumwazing the parchase of direct materials, including the related variance. (Prepare a single conpound journal eniry) Requirements Data table 1. Compute the coet and efficiency variances for direct matorials and droct laber. 2. Jouralize the purchase and usage of direct materals and the dsseprment of dired tabor, including the related varances. 3. For mavifacturing ovemead, oompule the varable ovechead cost and efficency variances and the fred overhad coef and volume variancos. 4. Scounatre tere actual marsulacturing overtwas and the alocoted marulacturing overhisal. joumdice the nhovervent of all production costs from Whik in-Process inventory, Sournaize the odjusting of the Manutachurng Ovemead account. 5. Kyer intertionally hired more highy skiled workers during 2dy. How did this dedsion affect the cost virianoest Overas, was the dedision whe? More info There were no begiving or ending inventory balancas A3 ementhires wert on acoour. b. Actual producton and sals were to. 600 codee mugs. c. Actuan drect malenals usage was 10.000 ibs at an actual cont of 50.17 per in 4. Actuai dnect labor usage was 199,000 ninitas at a tota nost al 331 . 840 . f. Beling and odministrative cents wore \$tzs,000 Step by Step Solution
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