RCES CALOVILATOR FULL SCREEN PRINTER VERSLUN NET Kudy Waterways Continuing Problem 11 a-9 Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not idear at this point, but the management is working toward that as a goal. At present, the company uses the following standards Materials Item Per unit Cost Metal 1 lb. 63per Plastic 120 $1.00 per Rubber 886 per Direct labor Per unit Cost Labor 15 min $8.00 per hr Predetermined overhead rate based on direct labor hours $4.28 The January figures for purchasing, production, and labor are: The company purchased 229,000 pounds of raw materials in January at a cost of 78 a pound Production used 229,000 pounds of raw materials to make 115,500 units in January Direct labor spent 18 minutes on nach product at a cost of $7.80 per hour Overhead costs for January totaled $54,673 variable and 573,600 fixed Answer the following questions about standard costs Tem What is the materials price variance (Round per unit calculations to 2 decimal places, 1.25 and final answer to decimal aces, ... 125.) URCES CALCULATOR PULL SORTER PRINTER What is the materials price variance? (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answer to o decimal places, e.g. 125.) Materials price variance $ LINK TO TEXT LINK YO TEXT LINK TO TEXT Study What is the materials quantity variance? (Round per unit calculations to 2 decimal places, 6.9. 1.25 and final answer to decimal places, eg. 125.) Materials quantity variance 5 LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the total materials variance? (Round per unit calculations to 2 decimal places, e., 1.25 and final anwarto o decimat placex 9. 125.) Total materiais variance $ LINK TO TEXT LINK TO TEKY LINK TO TEXT What is the labor price variance? (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answer to o decimal places, e.g. 125.) SOURCES CALCULATOR FELLS NEXT What is the labor price variance (Round per unit calculations to decimal places. 1.25 and final anwer to decimal places g. 125.) Labor price variance 5 DS LINE TO TRY LINK TO TEXT LINK TO TEXT What is the labor quantity variance? (Hound per unit calculations to decimal places 1.25 and final answer to decimal places. 125.) Labor quantity variance LINK TO TO LINK TO TRY LINE TO THE What is the total ahor varianos? (Round per unit cautions to decimatoom 1.8 and final anwer to decimal en 128.) Total sbor variano YOTE TOTER What is the totatowhead variano (Roond per unit calculation to decimal places 1,25 and float answer to o decimals g. 135) Labor quantity variance CALCULATOR FULL SC LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the total labor variance? (Round per unit calculations to 2 decimal places, 0.g. 1.25 and final answer to 0 decimal places, 9. 125.) Total labor variance LINK TO TEXT LINK TO TEXT LINK TO TEXT What is the total overhead variance? (Round per unit calculations to 2 decimal places, 4.g. 1.25 and Nowl answer to o decimal places, ... 125.) Total overhead variance Click If you would like to show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT
