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Review Test: Chap 7 & 8 - Comprehensive Problem Close Score: 6.88 of 20 pts 1 of 1 Test Score: 34.38%, 6.88 of 20 pts WP8-44 (similar to) O The Burke Manufacturing Company's costing syster 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 (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: (Click to view the standards. (Click to view additional information.) Read the requirements. A Data Table Only Click the icon to see the Worked Solution. The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacturing labor-hours. Burke's budget for January 2020 was based on this denominator level. The records for January indicated the following: Requirement 1. Prepare a schedule of total standard manufacturing costs for the 8.600 output units in January 2020. Direct materials $ Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead 180,600 825,600 309,600 516,000 Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production 26,300 lb. at $6.75 per lb 25,300 lb. 50,600 hrs. at $15.80 per hr. $550,000 $ 1.831.800 Total 8,600 output units Requirement 2. For the month of January 2020, 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. Print Done Actual Input Quantity* Budgeted Price Input 3 lb, at $7 perib. Cost per Output Unit $ 21.00 Actual Costs Incurred S S 177,525 Purchases $ 184,100 Usage $ 177,100 Flexible Budget $ 180,600 96.00 Direct materials 6 hrs at $16 per hr. $6 per DMLH 36.00 Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit $10 per DMLH 80.00 Move your pointer over or tap on the cells with red arrows to see incorrect answers. ? 213.00 Review Test: Chap 7 & 8 - Comprehensive Problem Close Score: 6.88 of 20 pts 1 of 1 Test Score: 34.38%, 6.88 of 20 pts P8-44 (similar to) The Burke Manufacturing Company's costing system has two direct-cost calegories: 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 (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) Read the requirements Data Table Actual Input Quantity Budgeted Price Actual Costs Incurred S 177,525 Purchases $ 184,100 Usago $ 177.100 Flexible Budget $ 180,600 The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacturing labor-hours. Burke's budget for January 2020 was based on this denominator level. The records for January indicated the following: Direct materials a. Direct materials price variance, based on purchases, is S 6,575 F 26,300 lb. at $8.75 per b. 25,300 lb. 50,600 hrs. at $15.80 per hr. b. The direct materials efficiency variance is Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production $ 3,500F F $550,000 Now complete the table for Cirect labor, Actual Costs Actual Input Quantity Flexible Incurred * Budgeted Price Budget Direct Manufacturing Labor $ 799.480 S 809,600 S 825.600 8,600 output units Print Done C. The direct manufacturing labor price variance is $ 10,120 F d. The direct manufacturing labor efficiency variance is $ 16,000 F Cost per Output Unit $ 21.00 Direct materials Next, complete the table for variable overhead. Actual Input Actual Costs Quantity * Budgeted Input 3 lb. at $7 per ib. 6 hrs, at $16 per hr. $6 per DMLH $10 per DMLH 96.00 Flexible Allocated Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit 36.00 80.00 Move your pointer over or tap on the calls with red arrows to see incorrect answers. ? $ 213.00 Review Test: Chap 7 & 8 - Comprehensive Problem Close Score: 6.88 of 20 pts 1 1 of 1 Test Score: 34.38%, 6.88 of 20 pts The Burke Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing abor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) i Data Table Read the requirements, C. The direct manufacturing labor price variance is $ 10,120 FT d. The direct manufacturing labor efficiency variance is S 16,000 F The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacluring labor-hours. Burke's budget for January 2020 was based on this denorninalor level. The records for January indicated the following: Next, complete the table for variable overhead. Actual Input Actual Costs Quantity * Budgeted Incurred Price Flexible Budget $ 309,600 Allocated Overhead $ 309,600 26,300 lb. at $6.75 per lb. 25,300 lb. Variable Manufacturing Overhead $ 303,600 50,600 hrs, al $15.80 per hr Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production Finally, complete the table for fixed overhead. $550,000 8,600 outpul units Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level $ 410,000 Flexible Budget $ 410,000 Allocated Overhead 516,000 Fixed Manufacturing Overhead $ Print Done e. The total manufacturing overhead spending variance is $ 163,600 Ft Cost per Output Unit f. The variable manufacturing overhead efficiency variance is S 6,000 FT $ 21.00 Input 3 lb. at $7 per lb. 6 hrs. at $10 per hr. $6 per DMLH 98.00 g. The production-volume variance is Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead $ 108,000 FT 36.00 60.00 Move your pointer over or tap on the cells with red arrows to see incorrect answers. $10 per DMLH ? $ 213.00 Standard manufacturing cost per output unit Print Done Review Test: Chap 7 & 8 - Comprehensive Problem Close Score: 6.88 of 20 pts 1 of 1 Test Score: 34.38%, 6.88 of 20 pts WP8-44 (similar to) O The Burke Manufacturing Company's costing syster 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 (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: (Click to view the standards. (Click to view additional information.) Read the requirements. A Data Table Only Click the icon to see the Worked Solution. The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacturing labor-hours. Burke's budget for January 2020 was based on this denominator level. The records for January indicated the following: Requirement 1. Prepare a schedule of total standard manufacturing costs for the 8.600 output units in January 2020. Direct materials $ Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead 180,600 825,600 309,600 516,000 Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production 26,300 lb. at $6.75 per lb 25,300 lb. 50,600 hrs. at $15.80 per hr. $550,000 $ 1.831.800 Total 8,600 output units Requirement 2. For the month of January 2020, 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. Print Done Actual Input Quantity* Budgeted Price Input 3 lb, at $7 perib. Cost per Output Unit $ 21.00 Actual Costs Incurred S S 177,525 Purchases $ 184,100 Usage $ 177,100 Flexible Budget $ 180,600 96.00 Direct materials 6 hrs at $16 per hr. $6 per DMLH 36.00 Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit $10 per DMLH 80.00 Move your pointer over or tap on the cells with red arrows to see incorrect answers. ? 213.00 Review Test: Chap 7 & 8 - Comprehensive Problem Close Score: 6.88 of 20 pts 1 of 1 Test Score: 34.38%, 6.88 of 20 pts P8-44 (similar to) The Burke Manufacturing Company's costing system has two direct-cost calegories: 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 (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) Read the requirements Data Table Actual Input Quantity Budgeted Price Actual Costs Incurred S 177,525 Purchases $ 184,100 Usago $ 177.100 Flexible Budget $ 180,600 The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacturing labor-hours. Burke's budget for January 2020 was based on this denominator level. The records for January indicated the following: Direct materials a. Direct materials price variance, based on purchases, is S 6,575 F 26,300 lb. at $8.75 per b. 25,300 lb. 50,600 hrs. at $15.80 per hr. b. The direct materials efficiency variance is Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production $ 3,500F F $550,000 Now complete the table for Cirect labor, Actual Costs Actual Input Quantity Flexible Incurred * Budgeted Price Budget Direct Manufacturing Labor $ 799.480 S 809,600 S 825.600 8,600 output units Print Done C. The direct manufacturing labor price variance is $ 10,120 F d. The direct manufacturing labor efficiency variance is $ 16,000 F Cost per Output Unit $ 21.00 Direct materials Next, complete the table for variable overhead. Actual Input Actual Costs Quantity * Budgeted Input 3 lb. at $7 per ib. 6 hrs, at $16 per hr. $6 per DMLH $10 per DMLH 96.00 Flexible Allocated Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Standard manufacturing cost per output unit 36.00 80.00 Move your pointer over or tap on the calls with red arrows to see incorrect answers. ? $ 213.00 Review Test: Chap 7 & 8 - Comprehensive Problem Close Score: 6.88 of 20 pts 1 1 of 1 Test Score: 34.38%, 6.88 of 20 pts The Burke Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing abor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DMLH). At the beginning of 2020, Burke adopted the following standards for its manufacturing costs: (Click to view the standards.) (Click to view additional information.) i Data Table Read the requirements, C. The direct manufacturing labor price variance is $ 10,120 FT d. The direct manufacturing labor efficiency variance is S 16,000 F The denominator level for total manufacturing overhead per month in 2020 is 41,000 direct manufacluring labor-hours. Burke's budget for January 2020 was based on this denorninalor level. The records for January indicated the following: Next, complete the table for variable overhead. Actual Input Actual Costs Quantity * Budgeted Incurred Price Flexible Budget $ 309,600 Allocated Overhead $ 309,600 26,300 lb. at $6.75 per lb. 25,300 lb. Variable Manufacturing Overhead $ 303,600 50,600 hrs, al $15.80 per hr Direct materials purchased Direct materials used Direct manufacturing labor Total actual manufacturing overhead (variable and fixed) Actual production Finally, complete the table for fixed overhead. $550,000 8,600 outpul units Actual Costs Incurred Same Budgeted Lump Sum Regardless of Output Level $ 410,000 Flexible Budget $ 410,000 Allocated Overhead 516,000 Fixed Manufacturing Overhead $ Print Done e. The total manufacturing overhead spending variance is $ 163,600 Ft Cost per Output Unit f. The variable manufacturing overhead efficiency variance is S 6,000 FT $ 21.00 Input 3 lb. at $7 per lb. 6 hrs. at $10 per hr. $6 per DMLH 98.00 g. The production-volume variance is Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead $ 108,000 FT 36.00 60.00 Move your pointer over or tap on the cells with red arrows to see incorrect answers. $10 per DMLH ? $ 213.00 Standard manufacturing cost per output unit Print Done