Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) A manufactured product has the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Quantity and cost Actual Results Direct materials 5 pounds @ $8 per pound 39,5e9 pounds $8.10 per pound Direct labor 2 DLH $17 per DLH 15, 3ee hours @ $17.50 per hour Overhead 2 DLH $11 per DLH $ 177,600 Units manufactured 7,800 units Exercise 21-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO P2 (1) Prepare the standard cost card showing standard cost per unit (2) Compute total budgeted cost for June production (3) Compute total actual cost for June production Show desktop Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total Requis Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total budgeted cost for June production. Total budgeted (standard) cost CD Neyt Tor June Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total actual cost for June production. Actual cost S Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total cost variance for June. (Indicate the effect of the variance by selecting favorable, unfaw Total cost variance Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following Information for June Standard Quantity and cost Actual Results Direct materials 5 pounds @ $8 per pound 39,500 pounds @ $8.18 per pound Direct labor 2 DLH @ $17 per DLH 15,302 hours $17.5e per hour Overhead 2 DLH @ $11 per DLH $ 177,600 Units manufactured 7,800 units Exercise 21-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materials quantity variance (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) Exercise 21-9 (Algo) Direct materials variances LO P3 Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Actual Cost Standard Cost Show de S HE Next > Check my work Required information AP-ACLUdl Price SP = Standard Price Actual Cost Standard Cost ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Quantity and Cost Actual Results Direct materials 5 pounds @ $8 per pound 39,5e9 pounds @ $8.10 per pound Direct labor 2 DLH @ $17 per DLH 15,308 hours $17.50 per hour Overhead 2 DLH $11 per DLH $ 177,600 Units manufactured 7,800 units Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) Show desktop -S DA Next of Exercise 21-10 (Algo) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost Show dette so Prey 6 of 6 Next SHE information AR = Actual Rate SR = Standard Rate Actual Cost Standard Cont Show

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_2

Step: 3

blur-text-image_3

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

Money Laundering Prevention Deterring Detecting And Resolving Financial Fraud

Authors: Jonathan E. Turner

1st Edition

0470874759, 978-0470874752

More Books

Students also viewed these Accounting questions

Question

List some problems associated with risk tolerance questionnaires.

Answered: 1 week ago