Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Sheridan's Style manufactures dining room tables for both home and restaurant locations. Steven Edward, the company's controller. developed the following standard costs for each 5-foot

image text in transcribed
image text in transcribed
Sheridan's Style manufactures dining room tables for both home and restaurant locations. Steven Edward, the company's controller. developed the following standard costs for each 5-foot table. Ms. Edward developed these standards based on the company manufacturing 1,380 tables per month. - The company actually manufactured 1,280 tables during the month. - 6,080 linear feet of direct materials were purchased during the month at a total cost of $258,400. - 5,580 linear feet of direct materials were used to manufacture the tables. - 15,780 direct labor hours were worked at a total cost of $244,440. - Actual variable overhead was $276,400. - Actual fixed overhead was $412,300. Calculate the direct material price variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct material price variance eTextbook and Media Attempts: 2 of 3 used (b) Your answer is partially correct. Calculate the direct material quantity variance for the month. (If variance is zero, select "Not Applicable' and enter O for the amounts.) Direct material quantity variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

State the uses of job description.

Answered: 1 week ago

Question

Explain in detail the different methods of performance appraisal .

Answered: 1 week ago