Rouse

manufactures coffee mugs that it sells to other companies for customizing with their own logos.

Rouse

prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of

60,200

coffee mugs per month:

= Homework: Chapter 23 Homework Question 16, P23-28A (si... Part 1 of 13 HW Score: 79.55%, 22.27 of 28 points Score: 0.46 of 6 Save Actual cost and production Information for July 2015 folos Click the con lo actual cost and production info) Route manufactures of mugs that sels to other companies for customing with their own logos Route prepares foxide budgets and standard cost system to control manufacturing costs. The standard unit cost of a cofee mug based on a budget volume of 60.200 coffee mugs per month ta con to view the cont data) - X Requirements Requirement 1. Compute the cost and efficiency was to direct mails and direct labor Begin with the cost varies Select the required for compute the con variances for direct materials and one ad guarity, FOH doved, sandard cont,30 Maurity) Forma Vero De material con variance Obecomanac 1. Compute the cost and any variances for direct and direct labor 2. Jumala the purchase and usage of direct malers and the assignmental direttor, including the related in 3. For moring ved om te weten overcosta of van de overhead contando 4. ure the morning and the skicated rondong verhead make the movement of orduttiones From Wow Profory Jouma here Manufacturing Overtown Rose Woonatyrore Noyed womandung Ayam cafe he could alwa Data Table 0.00 030 Print Done O Mar 1026 10:25 Uwe 12 Warung Ord Vonate 1004 per Tudi 15 per Tot M 30.12 030 051 1 0.07 Print Done Done CH Claw Check Answer ROVE THIS GOT MOC MOUDS Tamper (Click the icon to view actual cost and production information.) ad the requirements. identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cos. More Info - X a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,900 coffee mugs. c. Actual direct materials usage was 10,000 lbs. at an actual cost of $0.17 per lb. d. Actual direct labor usage was 202,000 minutes at a total cost of $30,300. Actual overhead cost was $7,070 variable and $33,830 fixed. f. Selling and administrative costs were $120,000. e. Print Done Clear All Check Answer Part 1 of 13 Score: Score: 0.46 ing with their own logos, Rouse prepares ests. The standard unit cost of a coffee mug Actual cost and production information for (Click the icon to view actual cost and Read the requirements. Requirements 1. Compute the cost and efficiency variances for direct materials and direct labor. 2. Journalize the purchase and usage of direct materials and the assignment of direct labor, including the related variances. 3. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 4. Journalize the actual manufacturing overheat and the allocated manufacturing overhead. Journalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account. 5. Rouse intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? 2.0 bo riat $1 Print Done More Hotp rement 1. Compute the cost and efficiency variances for direct materials and direct labor. with the cost variances. Select the required formulas, compute the cost variances for direct material I quantity, FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Ect materials cost variance = act labor cost variance II 11 Data Table - X $ 0.05 0.36 Direct Materials (0.2 lbs @ $0.25 per lb) Direct Labor (3 minutes @ $0.12 per minute) Manufacturing Overhead: Variable (3 minutes @ $0.04 per minute) Fixed (3 minutes @ $0.13 per minute) $ 0.12 0.39 0.51 Total Cost per Coffee Mug $ 0.92 Cho Print Done Felp me sorve This vemotoCS Example Get More Heip