Standard Cost Information Direct Materials $ Quantity 2 parts 0 02 hours 0 02 hours Cost 0 15 per part 9 00 per hour 10 00 per hour Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead ($32,300 for static budget volume of 95,000 units and 1,900 hours, or $17 per hour) Actual Cost Information Direct Materials (205,000 parts (1,600 hours $ $ 0 20 per part) 9 15 per hour) Direct Labor $ 41,000 14,640 13,000 25,000 Variable Manufacturing Overhead Fixed Manufacturing Overhead Save Homework Homework 6 Chapter 23 Score 1 73 of 3 pts 4 of 4 (4 complete) x P23 27A (similar to) HW Score 79 31 , 7 93 of 10 pts Question Help SmartSound manufactures headphone cases During September 2018, the company produced and sold 105,000 cases and recorded the following cost data (Click the icon to view the cost data ) Read the requirements Direct materials efficiency variance Direct labor efficiency variance (AQ SQ)X SC (AQ SQ)X SC $ $ 750 4,500 F F Requirement 2 For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances Now compute the variable overhead cost and efficiency variances Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC actual cost AQ actual quantity FOH fixed overhead SC standard cost SQ standard quantity VOH variable overhead ) VOH cost variance VOH efficiency variance Formula (AC SC) AQ (AQ SQ)X SC $ $ Variance 3,000 5,000 F F Now compute the fixed overhead cost and volume variances Select the required formulas, compute the fixed overhead cost and volume variances, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used AC actual cost AQ actual quantity FOH fixed overhead SC standard cost SQ standard quantity ) Formula Variance FOH cost variance FOH volume variance L Choose from any list or enter any number in the input fields and then click Check

Question

Standard Cost Information Direct Materials $ Quantity 2 parts 0 02 hours 0 02 hours Cost 0 15 per part 9 00 per hour 10 00 per hour Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead ($32,300 for static budget volume of 95,000 units and 1,900 hours, or $17 per hour) Actual Cost Information Direct Materials (205,000 parts   (1,600 hours   $ $ 0 20 per part) 9 15 per hour) Direct Labor $ 41,000 14,640 13,000 25,000 Variable Manufacturing Overhead Fixed Manufacturing Overhead Save Homework  Homework 6 Chapter 23 Score  1 73 of 3 pts 4 of 4 (4 complete)  x P23 27A (similar to) HW Score  79 31 , 7 93 of 10 pts Question Help SmartSound manufactures headphone cases  During September 2018, the company produced and sold 105,000 cases and recorded the following cost data    (Click the icon to view the cost data ) Read the requirements  Direct materials efficiency variance Direct labor efficiency variance (AQ   SQ)X SC (AQ   SQ)X SC     $ $ 750 4,500 F F Requirement 2  For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances  Now compute the variable overhead cost and efficiency variances  Select the required formulas, compute the variable overhead cost and efficiency variances, and identify whether each variance is favorable (F) or unfavorable (U)  (Abbreviations used  AC   actual cost  AQ   actual quantity  FOH   fixed overhead  SC   standard cost  SQ   standard quantity  VOH   variable overhead ) VOH cost variance VOH efficiency variance Formula (AC SC) AQ (AQ   SQ)X SC   $   $ Variance 3,000 5,000 F F   Now compute the fixed overhead cost and volume variances  Select the required formulas, compute the fixed overhead cost and volume variances, and identify whether each variance is favorable (F) or unfavorable (U)  (Abbreviations used  AC   actual cost  AQ   actual quantity  FOH   fixed overhead  SC   standard cost  SQ   standard quantity ) Formula Variance FOH cost variance FOH volume variance   L Choose from any list or enter any number in the input fields and then click Check

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Standard Cost Information Direct Materials $ Quantity 2 parts 0.02 hours 0.02 hours Cost 0.15 per part 9.00 per hour 10.00 per hour Direct Labor

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