s Question Help most closely related to material usage. Theref Nathan Dickens is a cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Dickens feels that manufacturing overhead DDC allocates manufacturing overhead to production based upon pounds of materials used. : (Click the icon to view the standards.) (Click the icon to view the actual results for April.) Read the requirements Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty. Budgeted Price Actual Costs Flexible Incurred Purchases Usage Budget Data Table Direct materials - X - X i Data Table a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labor. Actual Costs Incurred Direct Manuf. Labor Actual results for April 2020 were as follows: Production 35,000 doorknobs Direct materials purchased 12,700 lb. at $11/lb. Direct materials used 9,000 lbs. Direct manufacturing labor 29,000 hours for $696,000 Variable manufacturing overhead $65,200 Fixed manufacturing overhead $159,000 At the beginning of 2020, DDC budgeted annual production of 430,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lb. at $9/b. $ 2.70 Direct manufacturing labor 1.2 hours at $15/hour 18.00 Variable manufacturing overhead $7/lb 0.3 lb. 2.10 Fixed manufacturing overhead $14/lb. 0.3 lb. 4.20 $ 27.00 Standard cost per doorknob Actual Input Qty. Budgeted Price Flexible Budget C. The direct manufacturing labor price variance is Print Done d. The direct manufacturing labor efficiency variance is Print Done Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Actual Costs Actual Input Qty. Flexible Allocated Incurred Budgeted Price Budget Overhead Variable Manuf. OH e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Complete the table for fixed overhead. Actual Costs Same Budgeted Lump Sum Regardless of Output Level Flexible Allocated Incurred Budget Overhead Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending variance is Requirement 2. Can Dickens use any of the variances to help explain any of the other variances? Give examples. The direct materials price variance indicates that DDC paid V for brass than they had planned. If this is because they purchased a quality brass, it may explain why they used V brass than expected leading to an) v material efficiency variance). variable overhead efficiency variance. The purchase of this quality of brass may also explain why it took labor time to produce the doorknobs than expected (the direct In turn, since variable manufacturing overhead is assigned based on pounds of materials used, this directly led to the labor efficiency variance). Finally, the direct labor price variance could imply that the workers who were hired were experienced than expected, which could also be related to the direct material and direct labor efficiency variances. Choose from any list or enter any number in the input fields and then continue to the next question. s Question Help most closely related to material usage. Theref Nathan Dickens is a cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Dickens feels that manufacturing overhead DDC allocates manufacturing overhead to production based upon pounds of materials used. : (Click the icon to view the standards.) (Click the icon to view the actual results for April.) Read the requirements Requirement 1. For the month of April, compute the variances, indicating whether each is favorable (F) or unfavorable (U). Before computing the variances complete the tables below. Begin by completing the table for direct materials. Actual Input Qty. Budgeted Price Actual Costs Flexible Incurred Purchases Usage Budget Data Table Direct materials - X - X i Data Table a. Direct materials price variance (based on purchases) is b. The direct materials efficiency variance is Now complete the table for direct labor. Actual Costs Incurred Direct Manuf. Labor Actual results for April 2020 were as follows: Production 35,000 doorknobs Direct materials purchased 12,700 lb. at $11/lb. Direct materials used 9,000 lbs. Direct manufacturing labor 29,000 hours for $696,000 Variable manufacturing overhead $65,200 Fixed manufacturing overhead $159,000 At the beginning of 2020, DDC budgeted annual production of 430,000 doorknobs and adopted the following standards for each doorknob: Input Cost/Doorknob Direct materials (brass) 0.3 lb. at $9/b. $ 2.70 Direct manufacturing labor 1.2 hours at $15/hour 18.00 Variable manufacturing overhead $7/lb 0.3 lb. 2.10 Fixed manufacturing overhead $14/lb. 0.3 lb. 4.20 $ 27.00 Standard cost per doorknob Actual Input Qty. Budgeted Price Flexible Budget C. The direct manufacturing labor price variance is Print Done d. The direct manufacturing labor efficiency variance is Print Done Next, complete the table for variable overhead. (Abbreviation used: Manuf = Manufacturing) Actual Costs Actual Input Qty. Flexible Allocated Incurred Budgeted Price Budget Overhead Variable Manuf. OH e. The variable manufacturing overhead spending variance is f. The variable manufacturing overhead efficiency variance is Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Complete the table for fixed overhead. Actual Costs Same Budgeted Lump Sum Regardless of Output Level Flexible Allocated Incurred Budget Overhead Fixed Manuf. OH g. The production-volume variance is h. The fixed manufacturing overhead spending variance is Requirement 2. Can Dickens use any of the variances to help explain any of the other variances? Give examples. The direct materials price variance indicates that DDC paid V for brass than they had planned. If this is because they purchased a quality brass, it may explain why they used V brass than expected leading to an) v material efficiency variance). variable overhead efficiency variance. The purchase of this quality of brass may also explain why it took labor time to produce the doorknobs than expected (the direct In turn, since variable manufacturing overhead is assigned based on pounds of materials used, this directly led to the labor efficiency variance). Finally, the direct labor price variance could imply that the workers who were hired were experienced than expected, which could also be related to the direct material and direct labor efficiency variances. Choose from any list or enter any number in the input fields and then continue to the next