Question
Standards (for a planned level of production of 2,200 units per month) Direct Materials: Yards per costume12.50yards,, Price per yard $26.00average Direct Labor: D.L. Hours
Standards (for a planned level of production of 2,200 units per month)
Direct Materials: Yards per costume12.50yards,, Price per yard $26.00average
Direct Labor: D.L. Hours per costume 62.00hours,, D.L. Rate per hour $44.50average
Variable MOH standard rate per direct labor hour $4.35per D.L. hour,,Fixed MOH standard rate per direct labor hour $9.47per D.L. hour,,Total Budgeted Fixed MOH (for 1 month) $ 1,250,000
Actual cost and data from the current month:
Actual number of yards of materials purchased 28,500
Actual cost of materials purchased $ 810,000 $28.42per yd
Actual number of yards used in production 27,350
Actual number of costumes produced 2,300
Actual direct labor hours 133,500
Actual direct labor cost $5,500,000 $41.20per hr
Actual variable MOH (in total) $665,000
Actual fixed MOH (in total) $1,488,000
Direct Labor | |||||||
Actual | Actual Input Quantity | Flexible | |||||
Cost | x Budgeted (Std) Rate | Budget (Applied) | |||||
price variance | Efficiency Variance | ||||||
Flexible Budget (TOTAL) Variance | |||||||
GREEN is unfavorable or Favorable and Yellow is where the answer goes
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started