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The graph on the left is the Actual results, while the bigger graph on the right is the standards I dont need the part with
The graph on the left is the Actual results, while the bigger graph on the right is the standards I dont need the part with the multiple choice. Thank you! There is nothing blurry about it, I can see everything fine and I checked on multiple devices!
Ceramics Etc. is a manufacturer of ceramic bottles. B (Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the direct materials price variance and the direct materials efficiency variance. 2. What is the total flexible budget variance for direct materials? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct materials price variance and the direct materials efficiency variance. First, determine the formula for the price variance, then compute the price variance for direct materials. (Enter the result as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) ) X Price variance ) x Determine the formula for the efficiency variance, then compute the efficiency variance for direct materials. (Enter the results as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) 1x = Efficiency variance ) X Requirement 2. What is the total flexible budget variance for direct materials? (Enter the result as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) The total flexible budget variance for direct materials is $ Requirement 3. Who is generally responsible for each variance? The department is responsible for the materials price variance. The department is responsible for the materials efficiency variance. Requirement 4. Interpret the variances. The materials price variance means that the actual price Ceramics Etc.'s personnel paid for clay the standard budgeted price for clay. This Ceramics Etc.'s profits by $ The V materials efficiency variance means that Ceramics Etc.'s employees used clay than they should have to produce 75,000 bottles. This V Ceramics Etc.'s profits by $O. Ceramics Etc. is a manufacturer of ceramic bottles. Click the icon to view the standards.) (Click the icon to view the actual results.) Requirements 1. Compute the direct materials price variance and the direct materials efficiency variance. 2. What is the total flexible budget variance for direct materials? 3. Who is generally responsible for each variance? 4. Interpret the variances. Requirement 1. Compute the direct materials price variance and the direct materials efficiency variance. First, determine the formula for the price variance, then compute the price variance for direct materials. (Enter the result as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) 1)x = Price variance Determine the formula for the efficiency variance, then compute the efficiency variance for direct materials. (Enter the results as a positive number. Round your answer to the nearest whole dollar. Label the variance as favourable (F) or unfavourable (U).) x = Efficiency variance = - X - X Data Table Data Table Last month, Ceramics Etc. reported the following actual results for the production of 75,000 boltles: The company has these standards Direct materials.... Direct labour. Actual variable overhead. . 1.1 kg per bottle, at a cost of $0.50 per kg 1/4 hour per bottle, at a cost of $13.70 per hour $ 104,000 Direct materials (clay] 1 kg per bottle, at a cost of $0.40 per kg Direct labour 1.5 hour per bottle, at a cost of $14.80 per hour Static budget variable overhead $70,000 Static budget fixed overhead $30,000 Static budget direct labour hours 10.000 hours Static budget number of bottles ........ 45,000 Ceramics Etc. allocates manufacturing overhead to production based on standard direct labour hours. Actual foxed overhead. -. .... $28,000 Print Done Print DoneStep by Step Solution
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