* Requirements 1 identify whether 2 Compute the cost and efficiency variances for direct matenals and direct labor. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. Smart Hearing's management used better quality materials during September. Discuss the trade off between the two direct material variances 3. Print Done Clear All Data Table TAO ( Standard Cost Information Quantity Cost Direct Materials 2 parts $0 17 per part Direct Labor 0.02 hours 7.00 per hour Variable Manufacturing Overhead 0.02 hours 10 per hour Fixed Mandatuning Overhead (533,320 for static budget volume of 99,000 units and 1900 hours, or $17 per hour) bity whether each von Ey Actual Cost Information (213,000 parts @ $0.22 per part) (1.660 hours @ S7 10 per hour) $ 4860 11786 Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead 10.000 31.000 Heid Print Done Direct laboreiciency variance Requirement 2 For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances Now compute the variable overhead cost and efficiency variances Select the requred formulas, compute the variable overhead cost and efficiency variances, and identity whether each variances favorable (F) or unavati (Abbeviations used AC = actual cost. AQ = actual quantity FOH = fixed overhead, SC Standard cost, SO = standard quantity, VOH variable overtad) Formula Variance VOH cost variance VOH efficiency variance Choose from any list or enter any number in the input fields and then click Check Answer Check An Clear All 2 parts remaining Sign Out O DELL % 5 & 7 * Requirements 1 identify whether 2 Compute the cost and efficiency variances for direct matenals and direct labor. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. Smart Hearing's management used better quality materials during September. Discuss the trade off between the two direct material variances 3. Print Done Clear All Data Table TAO ( Standard Cost Information Quantity Cost Direct Materials 2 parts $0 17 per part Direct Labor 0.02 hours 7.00 per hour Variable Manufacturing Overhead 0.02 hours 10 per hour Fixed Mandatuning Overhead (533,320 for static budget volume of 99,000 units and 1900 hours, or $17 per hour) bity whether each von Ey Actual Cost Information (213,000 parts @ $0.22 per part) (1.660 hours @ S7 10 per hour) $ 4860 11786 Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead 10.000 31.000 Heid Print Done Direct laboreiciency variance Requirement 2 For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances Now compute the variable overhead cost and efficiency variances Select the requred formulas, compute the variable overhead cost and efficiency variances, and identity whether each variances favorable (F) or unavati (Abbeviations used AC = actual cost. AQ = actual quantity FOH = fixed overhead, SC Standard cost, SO = standard quantity, VOH variable overtad) Formula Variance VOH cost variance VOH efficiency variance Choose from any list or enter any number in the input fields and then click Check Answer Check An Clear All 2 parts remaining Sign Out O DELL % 5 & 7