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the following summarized manufacturing data relate to Thomas Corporation's April operations during which 2000 finished units were produced. Normal capacity is 1100 DLH. determine the
the following summarized manufacturing data relate to Thomas Corporation's April operations during which 2000 finished units were produced. Normal capacity is 1100 DLH.
determine the following variances: materials variances: actual cost.....$ split cost.........$ standard cost..$ materials efficiency..$
labor variances: actual cost $ split cost $ standard cost $ labor rate. $ labor efficiency $
var. overhead variances actual cost $ split cost $ standard cost $ var. OH spending $ var OH efficiency $
April operations, during which 2,000 finished units of product were produs Normal monthly capacity is 1,100 direct labor hours Stamdard Units Costs Tgtal Actual Costs Direct material Standard (2 lb.@ $9.00/lb.) $18 Actual (4,200 lb. $10.20/lb.) $42,840 Direct labor Standard (0.5 hr. @ $24/hr.) $12 Actual (950 hrs. @ $23.40/hr.) 22,230 Variable overhead Standard (0.5 hr.@ $6/hr.) $3 Actual 6,450 Total $33 $71,520 Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: S 42,840 $ 18,900x Standard cost: 5460 X Materials price 5460XStep by Step Solution
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