Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

the blanks that need to be filled in are shown in the second pic! Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Con

the blanks that need to be filled in are shown in the second pic! image text in transcribed
image text in transcribed
image text in transcribed
Exercise 10-23 Determination of Variances Using Diagrams (LO 10-3) Saskatewan Con Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller Direct Labor Direct Material: Quantity. 0.12 hour Quantity, 5 lograns Rate, $6.00 per hour Price, 50.34 per kilogram Actual material purchases amounted to 1.200 kilograms at $0.37 per kilogram. Actunt costs incurred in the production of 14.000 units were as follows: Direct labor Direct material: $31,204 for 1,620 hours $27.300 for 72.900 kilograma Required: Fill in the amounts in the tables below, Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting Favorableor Unfavorable Select "None and enter for no effect (Le hour to 2 decimal places.) Fill in the amounts in the tables below. Indicate the effect of each variance by selecting "Favorable' or 'Untavorable. Select "None and enter to for no effect (.e., zero hour" to 2 decimal places.) Direct-Labor Rate and Efficiency Variances Actual Labor Cost Projected Labor Cost Standard Labor Cost Actual Hours Actual Rate Actual Hours Standard Rate Standard Hours Standard Rate 1,820 s 6.20 1,820 $ 6.00 $ hours used per hour hours used per hour hours allowed per hour X 6.00 $11,284 $ 10,920 $ 0 Direct-aborrate variance Director Miciency variance Direct-tabor variance

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

Accounting for Non-Accounting Students

Authors: John R. Dyson

8th Edition

273722972, 978-0273722977

More Books

Students also viewed these Accounting questions

Question

5. Describe how contexts affect listening

Answered: 1 week ago