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The Burnett Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to

The Burnett Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of

2017 Burnett adopted the following standards for its manufacturing costs:

Requirements

1.

Prepare a schedule of total standard manufacturing costs for the

7200

output units in January

2017

.

2.

For the month of January

2017

,

compute the following variances, indicating whether each is favorable (F) or unfavorable (U):

a.

Direct materials price variance, based on purchases

b.

Direct materials efficiency variance

c.

Direct manufacturing labor price variance

d.

Direct manufacturing labor efficiency variance

e.

Total manufacturing overhead spending variance

f.

Variable manufacturing overhead efficiency variance

g.

Production-volume variance

Input

Cost per Output Unit

Direct materials

5 lb. at $4 per lb.

$20.00

Direct manufacturing labor

6 hrs. at $13 per hr.

78.00

Manufacturing overhead:

Variable

$8 per DLH

48.00

Fixed

$9 per DLH

54.00

Standard manufacturing cost per output unit

$200.00

Requirement 1. Prepare a schedule of total standard manufacturing costs for the

7200 output units in January 2017

.

Direct materials

$144,000

Direct manufacturing labor

561,600

Manufacturing overhead:

Variable

345,600

Fixed

388,800

Total

$1,440,000

Requirement 2. For the month of January 2017 ,

compute the variances, indicating whether each is favorable (F) or unfavorable (U).

Before computing the variances complete the tables below. Begin by completing the table for direct materials.

Actual Input Qty.

x

Actual Costs

Budgeted Price

Flexible

Incurred

Purchases

Usage

Budget

Direct materials

? ? ?

?

Please can you help me in computing this Table I got stock. Kindly Show All the Solutions Thank you

I Figured it out thank you though.

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