Save Help Save Submit 7 Check my work Zachary Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles $ Amount of direct materials per candle Price of direct materials per pound Quantity of labor per unit Price of direct labor per hour Totol budgeted fixed overhead 1.50 pounds 0.50 2.50 $ 9.00/hour $181.300 During Year 2. Zachary planned to produce 37,000 drip candles. Production lagged behind expectations, and it actually produced only 29.000 drip candles. Al year end, direct materials purchased and used amounted to 44.700 pounds at a unit price of $0.45 per pound Direct labor costs were actually $8.40 per hour and 17,400 actual hours were worked to produce the drip candles Overhead for the year actually amounted to $153.700 Overhead is applied to products using a predetermined overhead rate based on estimated units Required a.&b. Compute the standard cost per candle for direct materials, direct inbok overhead and also the total standard cost for one drip candle c.&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candie e. Compute the price and usage variances for direct materials and direct labor Compute the fixed cost spending and volume variances Complete this question by entering your answers in the tabs below. Rag A and Reg Cand D Het Reg Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one ne candie. (Round your answers to 2 decimal places uust per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle c.&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candie. e. Compute the price and usage variances for direct materials and direct lobor. f. Compute the fixed cost spending and volume variances. Complete this question by entering your answers in the tabs below. Reg A and B Reg Cand D Req ReqF Compute the standard cost per candle for direct materials, direct labor, overhead and also the total standard cost for one drip candle. (Round your answers to 2 decimal places.) Cost Standard cost per unit Direct material Direct labor Overhead Total per candle Reg Cand D > 1800, overhead and also the total standard cost for one drie compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per cande. e. Compute the price and usage variances for direct materials and direct labor f. Compute the fixed cost spending and volume variances. Complete this question by entering your answers in the tabs below. Req A and B ReqC and D ReqE ReqF Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candie. De not round intermediate calculations. Round your answers to 2 decimal places.) Cost Actual cost Direct material Direct labor Overhead Total per candle per unit Reg A and D Regt > Now OT, Overhead and also the total standard cost for one dro pute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cost per candle e. Compute the price and usage variances for direct materials and direct labor f. Compute the fixed cost spending and volume variances. Complete this question by entering your answers in the tabs below. Reg A and B ReqC and D Rece Req Compute the price and usage variances for direct materials and direct labor. (Indicate the effect of each variance by electing "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Variance Cost Direct materials: Price variance Usage variance Direct labor Price variance Usage variance Next > Prev 17 of 30! orect materials, direct labor, overhead and also the total standard cost for one on c.&d. Compute the actual cost per candle for direct materials, direct labor, overhead and also the total actual cont per condie. e. Compute the price and usage variances for direct materials and direct labor. f. Compute the fixed cost spending and volume variances, Complete this question by entering your answers in the tabs below. Req A and B Reg C and D ReqE ReqF Compute the fixed cost spending and volume variances. (Indicate the effect of each variance by selecting for future "U" for unfavorable, and "None" for no effect (le, zero variance)) Fixed MOH cost Variance Spending variance Volume variance
