Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set
Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.14 hour Rate, $7.00 per hour Direct Material: Quantity, 7 kilograms Price, $0.38 per kilogram Actual material purchases amounted to 147,600 kilograms at $0.42 per kilogram. Actual costs incurred in the production of 18,000 units were as follows: Direct labor: $22,338 for 3,060 hours Direct material: $55,845 for 131,400 kilograms Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero "per kilogram" to 2 decimal places.) Direct-Material Price and Quantity Variances Actual Material Cost Projected Material Cost Standard Material Cost Actual Quantity Actual Price Actual Quantity x Standard Price Standard Quantity Standard Price x x kilograms used per kilogram kilograms used per kilogram kilograms allowed per kilogram < Prev 2 of 3 Next >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started