Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

some help please on two seperate questions McGraw Hill Connect 21 GH 6 Saved Required information [The following information applies to the questions displayed below.)

some help please on two seperate questions
image text in transcribed
image text in transcribed
McGraw Hill Connect 21 GH 6 Saved Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. 3 Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. e $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of each selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price as Actual Cost Standard Cost $ 0 $ 0 0 Chapter 21 GH Saved 19 Part 3 of 3 Required information [The following information applies to the questions displayed below) A manufactured product has the following information for June. 0.45 points Standard 6 lbs. $8 per lb. 2 hrs. $16 per hr. 2 hrs. $12 per hr. Direct materials Direct labor Overhead Units manufactured Skloped Actual 48,500 lbs. $8.10 per lb. 15,700 hrs. $16.50 per hr. $190,000 8,000 eBook Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting fo favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Hint AH-Actual Hours SH - Standard Hours AR - Actual Rate SR = Standard Rate References Actual Cost Standard Cost $ 0 $ 0 $ 0 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Nmap Network Exploration And Security Auditing Cookbook

Authors: Paulino Calderon

2nd Revised Edition

1786467453, 978-1786467454

More Books

Students also viewed these Accounting questions