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The Rogers company uses a standard cost accoutning system and estimates production to for the year to be 60,000 units. At this volume, the companys
The Rogers company uses a standard cost accoutning system and estimates production to for the year to be 60,000 units. At this volume, the companys overhead costs are $0.50 per direct labor hour. the companys single product has a standard cost of $30.00 per unit. included in the $30 is $13.20 for direct materials (3 yards) and $12.00 of direct lavor (2 hours).
The Rogers Company uses a standard cost accoureng system and essmeses production for the year to be 60000 uns As thes volume the company's varabie product hes a sandard cost of $30.00 per unit Included in the $30.00s $13 20 for drec a Compute the drect matentel price venance Note: This question will not be automatically graded It will be sent to your Instructor for review value: 15.00 points The Rogers Company uses a standard cost accounting system and estimates production fo The company's single product has a standard cost of $30.00 per unit Included In the $30.0 6,000 $88,800 18,500 $75.400 Number of units produced Materials purchased (18,500 yards) Materiols used in production (yards) Direct labor cost incurred ($6.50/hour) Required: (Be sure to Indicate whether the variances are favorable or unfavorable.) a. Compute the direct material price varlance. b. Compute the direct materlal efficiency varlance. c. Compute the direct labor price (ratej varlance. d. Compute the direct labor efficiency varlance Path Step by Step Solution
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