Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 5 pts Question D: Variance Analysis The Las Vegas plant of Speeder Cola! Company LLC produces delicious cola soda. At the beginning of

image text in transcribed
image text in transcribed
Question 13 5 pts Question D: Variance Analysis The Las Vegas plant of Speeder Cola! Company LLC produces delicious cola soda. At the beginning of the year, the Las Vegas plant had the following standard cost sheet per jug of cola soda Direct Materials (10 gallons@ $3.00 per gallonk $ 30,00 Direct Labor (o 10 hours @ $20.00 per hourl: $ 2.00 Fixed Overheid 10,10 hours @ $10.00 per hours: $ 1.00 Variable Overhead (0.10 hours $10.00 per hour 1.00 Total Standard Cost per unit: $ 34.00 Overhead is applied on the basis of direct Inbor hours. The actual results for the year are as follows: 1. Units produced: 26.000 jugs of soda 2. Direct materials purchased: 250,000 gallons@ $305 per gallon 3. Direct materials used: 270,000 gallons 4 Direct labor: 3.300 hours $21.50 per hour 5. Fixed overhead: $30,000 6. Variable over $35.000 Question Part 1 Compute the Direct Materials Price Variance $12.500 Favorable $9.500 Favorable $12.500 Untvorable $9,500 Unfavorable Not D Question 16 5 pts Question b. Part 4 Compute the Direct Labor Rate variance. $1.950 Favorable $1,950 Untworable $4.950 Bavorable O $4.950 Unfavorable Not opbcable Question 17 5 pts Question : Part 5 Compute the Direct Labor Efficiency variance $14.000 Untavorable 51.000 Favorable $11.000 Unfavorable $11.000 Favorable Not oglicable Dag

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

Recommended Textbook for

Financial Accounting Reporting And Analysis

Authors: Earl K. Stice, James D. Stice

7th Edition

0324227329, 978-0324227321

More Books

Students also viewed these Accounting questions

Question

How would you rate Hsiehs leadership using the Leadership Grid?

Answered: 1 week ago