Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Plz show excel calculations as well Mini-Case The Brazsar Company produces a cleaning compound that includes two types of material, the chemical compound itself and
Plz show excel calculations as well
Mini-Case The Brazsar Company produces a cleaning compound that includes two types of material, the chemical compound itself and a container that is made out of 4 pieces. The beginning inventory of both materials was zero, the ending inventory for chemicals was 400 and the ending inventory for containers was zero. The standard costs per unit are as follows Direct Material (chemical compound 2 ounces @ $1.00 per ounce) Direct materials (container pieces 4 pieces @s 0.90 per container piece) Direct labor (0.2 hour a $20.00 per hour) Variable overhead ($5.00 per direct labor hour Fixed Overhead ($25.00 per direct labor hour) During the most recent month 8,000 units of the product were produced. Other salient information related to the production of the 8,000 units follows: Actual variable overhead Actual fixed overhead Actual direct labor hours Actual direct labor hourly rate Chemical purchase price per ounce Chemical purchase quantity Container purchase price per piece Container purchase quantity Fixed Budget $8,875 $43,600 1,660 $20.03 $0.99 17,000 $0.87 33,000 $42,500 N M e 27C d)) M 04:18 AM 13/04/2022 I ENG Required: For questions 17-27 compute each of the following variances indicating both the dollar amount and whether the amount is favorable (F) or unfavorable (U). If a variance is zero, please input zero for the dollar amount and leave the F and U columns blank. If the question asks for a variance that does not exist indicate "N/A" in the dollar amount column and leave the F and U columns blanks If there is not enough information to determine the answer to any question, indicate "not enough information in the dollar columns and leave the F and U columns blank. For question 12, compute the denominator in hours. Dollar Amount U 17 18 19. 20 21 22 23 MPV chemical purchase price variance MUV chemical efficiency (quantity) variance MPV container purchase price variance MUV container efficiency (quantity) variance LRV Direct Labor rate variance LEV Direct Labor efficiency variance The variable overhead spending variance The variable overhead efficiency variance The fixed overhead spending variance The fixed overhead efficiency variance The fixed overhead denominator in hours is 24 25 26. 27Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started