Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pran Awning madactures wings and uses a standard con system. The company locales vehead based on the number of direct Woor hours. The following the

image text in transcribed
image text in transcribed
image text in transcribed
Pran Awning madactures wings and uses a standard con system. The company locales vehead based on the number of direct Woor hours. The following the company's cost and standards Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows Click the icon to view the actuales) Almanytacturing overeed is located on the basis of direct aber nous Read the rest Requirement 1. Co the act of one wning Standard cost Standard cont per un MOM FON Tandard Requirement Call the directen variances Enter the various as positive numbers. Erre morts the newest and your answer is there who wastewart Abone Omas) Fra in the format pe variance, en computee price tarce for direct and OM Die rede variance en compute they are for det mes www.the director woman as persones and your Standard Price and Volume Standards: Direct materials 17.0 yards per awning at $15.00 per yard Direct labor 2.0 hours per awning at $14.00 per hour Variable MOH standard rate $8.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $18,500 Actual Results Purchased 27,750 yards at a total cost of $407,925 Used 24,700 yards in producing 1,500 awnings Actual direct labor cost of $41,615 for a total of 2,870 hours Actual variable MOH $23,534 Actual fixed MOH $21,500

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions