Rouse manufactures coffee mugs that it sells to other companies for customizing with their own logos. Rouse prepares Actual cost and production information for July 2018 follows: flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffeek the icon to view actual cost and production information.) mug is based on static budget volume of 60,000 coffee mugs per month: EB (Click the icon to view the cost data.) Read the requirements Rei Requirements Data Table breviations used: AC actual cost; AQ ITT 1. Compute the cost and efficiency variances for direct materials and direct 2. Joumalize the purchase and usage of direct materials and the assignment of 3. For manufacturing overhead, compute the variable overhead cost and 4. Journalize the actual manufacturing overhead and the allocated labor. Direct Materials 0.2 lbs Direct Labor Manufacturing Overhead: 0.25 per lb) S 0.05 direct labor, including the related variances. 3 minutes0.12 per minute) 0.36 efficiency variances and the fixed overhead cost and volume variances. l cost, AQactual quantity; FOH ariable 3minutes0.06 per minute) 0.18 manufacturing overhead. Journalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account Rouse intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? 0.42 0.60 Fixed 3 minutes $0.14 per minute) S 1.01 Total Cost per Coffee Mug 5. ect Print Done e last line of the joumal entry table.) PrintDone sing Th Rouse manufactures coffee mugs that it sells to other companies for customizing with their own logos. Rouse prepares Actual cost and production information for July 2018 follows: flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffeek the icon to view actual cost and production information.) mug is based on static budget volume of 60,000 coffee mugs per month: EB (Click the icon to view the cost data.) Read the requirements Rei Requirements Data Table breviations used: AC actual cost; AQ ITT 1. Compute the cost and efficiency variances for direct materials and direct 2. Joumalize the purchase and usage of direct materials and the assignment of 3. For manufacturing overhead, compute the variable overhead cost and 4. Journalize the actual manufacturing overhead and the allocated labor. Direct Materials 0.2 lbs Direct Labor Manufacturing Overhead: 0.25 per lb) S 0.05 direct labor, including the related variances. 3 minutes0.12 per minute) 0.36 efficiency variances and the fixed overhead cost and volume variances. l cost, AQactual quantity; FOH ariable 3minutes0.06 per minute) 0.18 manufacturing overhead. Journalize the movement of all production costs from Work-in-Process Inventory. Journalize the adjusting of the Manufacturing Overhead account Rouse intentionally hired more highly skilled workers during July. How did this decision affect the cost variances? Overall, was the decision wise? 0.42 0.60 Fixed 3 minutes $0.14 per minute) S 1.01 Total Cost per Coffee Mug 5. ect Print Done e last line of the joumal entry table.) PrintDone sing Th
