Songsu Company is struggling to control costs. We are hired as consultants to determine why the...
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Songsu Company is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Select Year 60 m 4 2 O Rate Per Hou Hours Per Unit 4 lbs $15 $10 50 4 hrs Pounda Par Price Par Pound 2 hrs Direct Materials Standard Ohrs $6 Actual Pounda Per Unit Overhead - Standard Costs Fixed Overhead $7 Price Par Pound Variable Overhead 15 10 in Standard 2 hrs Direct Labor $17 Year 9 Year 10 Variable Overhead Actual 2.5 hrs Moura Per Unit Price Per Mour Hours Per Unit Price Per Hour Overhead -- Actual Costs $236,600 Fixed Overhead Actual Units Manufactured AQ-Actual Quantity SQ-Standard Quantity AR-Actual Rate SR-Standard Rate AP-Actual Price SP-Standard Price 1. & 2. For Year 3, compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Important! Be sure to click the correct Year at the top of the dashboard. AQ Actual Coct X AP $ 7.00 $ $ AQ X SP $6.00 S 8 SQ Standard Cost SP S 6.00 Songsu Company is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Select Year 60 m 4 2 O Rate Per Hou Hours Per Unit 4 lbs $15 $10 50 4 hrs Pounda Par Price Par Pound 2 hrs Direct Materials Standard Ohrs $6 Actual Pounda Per Unit Overhead - Standard Costs Fixed Overhead $7 Price Par Pound Variable Overhead 15 10 in Standard 2 hrs Direct Labor $17 Year 9 Year 10 Variable Overhead Actual 2.5 hrs Moura Per Unit Price Per Mour Hours Per Unit Price Per Hour Overhead -- Actual Costs $236,600 Fixed Overhead Actual Units Manufactured AQ-Actual Quantity SQ-Standard Quantity AR-Actual Rate SR-Standard Rate AP-Actual Price SP-Standard Price 1. & 2. For Year 3, compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Important! Be sure to click the correct Year at the top of the dashboard. AQ Actual Coct X AP $ 7.00 $ $ AQ X SP $6.00 S 8 SQ Standard Cost SP S 6.00
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1 Direct materials price variance for Year 3 Actual price per pound for direct materials in Year 3 G... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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