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The Gallo Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing
The Gallo Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct-cost categories (direct materials and direct manufacturing laborlong dashboth variable) and two overhead-cost categories (variable manufacturing overhead and fixed manufacturing overhead, both allocated using direct manufacturing labor-hours). The following actual results are for August:
The Galo Company unes a fexible budget and standard costs to aid planning and coreral of ts machining manufatuing operations, its costing syatem for manufacturing hes two diect-cest caegories irect ateriais and eet marutacturing labor variable) and two overhead-coat caegories (variatie mandecturig overhead and fxed manfacturing oveheed, both locafed ing deect manufactuing lebou The rown acls ar Some addtional information about Gallo Company's budget, standand costs and iabor ollows Cick the icon to wiew asstonal information.) Read the teamet lsted amounts Data Table Total pounds of direct materials purchased b. Total umber of pounds of eacess dinect teal use Dinect maneriais price varance (ased on punchases) 179,300 Determine the formuis, then oompiehe the oomputation for each ( .Total pounds of dinect materas purchased 73,750 10,750 U 8,800 U 0,400 Fixed mandactuing ovelead incued Prin Done Reqrement Print Do More Inf The adard cosl per pound of direct mateas $11.0 The sandan aowance is pounds of process in Auguat, e direct materias price veniance wws $1.30 per pound 500 Thare wa teatara d .' Pret Done August eacoeded the standand average wage rate by $0 10 per hour The Galo Company unes a fexible budget and standard costs to aid planning and coreral of ts machining manufatuing operations, its costing syatem for manufacturing hes two diect-cest caegories irect ateriais and eet marutacturing labor variable) and two overhead-coat caegories (variatie mandecturig overhead and fxed manfacturing oveheed, both locafed ing deect manufactuing lebou The rown acls ar Some addtional information about Gallo Company's budget, standand costs and iabor ollows Cick the icon to wiew asstonal information.) Read the teamet lsted amounts Data Table Total pounds of direct materials purchased b. Total umber of pounds of eacess dinect teal use Dinect maneriais price varance (ased on punchases) 179,300 Determine the formuis, then oompiehe the oomputation for each ( .Total pounds of dinect materas purchased 73,750 10,750 U 8,800 U 0,400 Fixed mandactuing ovelead incued Prin Done Reqrement Print Do More Inf The adard cosl per pound of direct mateas $11.0 The sandan aowance is pounds of process in Auguat, e direct materias price veniance wws $1.30 per pound 500 Thare wa teatara d .' Pret Done August eacoeded the standand average wage rate by $0 10 per hour Step by Step Solution
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