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Please solve part G & H ONLY and show ALL STEPS AND WORKING WITH CALCULATIONS!!!! THANK YOU!!!! and business analyst for Diamond Design Company (DDC),
Please solve part G & H ONLY and show ALL STEPS AND WORKING WITH CALCULATIONS!!!! THANK YOU!!!!
and business analyst for Diamond Design Company (DDC), which manufactures expensive brass doorknobs. manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. At the beginning of 2017, DDC budgeted annual production of 420,000 doorknobs and adopted the fol lowing standards for each doorknob: Input 0.3 lb. @ $10/lb. 1.2 hours @ $17/hour Cost/Doorknob $ 3.00 20.40 Direct materials (brass) Direct manufacturing labor Manufacturing overhead: Variable Fixed Standard cost per doorknob $5/b. X 0.3 lb. $15/lb. X 0.3 lb. 1.50 4.50 $29.40 ASSIGNME Antal results for April 2017 were as follows: 29,000 doorknobs 12,400 lb. at $11/b. 8,500 lbs. 29,200 hours for $671,600 $ 65,100 $158,000 unfavorable (U): Production Direct materials purchased Direct materials used Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead 2. For the month of April, compute the following variances, indicating whether each is favorable (F) or a. Direct materials price variance (based on purchases) b. Direct materials efficiency variance c. Direct manufacturing labor price variance d. Direct manufacturing labor efficiency variance e. Variable manufacturing overhead spending variance f. Variable manufacturing overhead efficiency variance g. Production-volume variance h. Fixed manufacturing overhead spending variance 2. Can Williams use any of the variances to help explain any of the other variances? Give examplesStep by Step Solution
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