this is the only info give. course cost and management

3 " en Problem 10-24 Basic Variance Analysis; the Impact of Variances on Unit Costs (LO2, LO3, LO4] Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May Direct materials Standard: 1.80 metres at $5.00 per tre Actual: 1.80 metres at $3.30 per metre Direct Labour Standard: 0,30 hoses at $18.00 hour Actual 0.92 hours at $17.50 per hour Variable wwwrbead: Standard: 0.50 hrs at $5.00 per hour Actual #.92 hours at 14.58 per hour fatal cost per unit Excess of actual sest over standard cost per unit Standard Cost per Whit $5.40 $16.20 Required: 1. Compute the following variances for May 14.5 $26.10 50.1 Actual Cost per Shit $5.94 20.10 4:14 $26.48 D The production superintendent was pleased when he saw this report and commented. This $0.08 excess cost is well within the 2% mit management has set for acceptable variances. It's obvious that there's not much to worry about with this product Actual production for the month was 12.000 units. Variable overhead cost is assigned to products on the basis of direct labour hours There were no beginning or ending inventories - materials. a Materials price and quantity variances. (Input all amounts es positive values. Indicate the effect of each variance by selecting "F" Se Check my was 3 Port e. Materials price and quantity variances. (Input all amounts as positive values. Indicate the effect of esch variance by selecting "F for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance).) Materials price variance Materiais quantity variance b. Labour rate and efficiency variances. (Input all amounts as positive values. Indicate the effect of each vorience by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance).) Labour rate variance Labour efficiency vanance 3 c. Variable overhead spending and efficiency variances, (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance).) 0 ebook Venable overhead rate variance Variable overhead efficiency variance. 2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in Requirement 1 above. (Input all amounts es positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Round your answers to 2 decimal places.) 3 30 points ricos Port ces 2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in Requirement 1 above. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance), Round your answers to 2 decimal places.) Materials Price vanance Quantity variance Labour Rale variance Efficiency variance Vanable overhead Rate variance Eficiency vanance Excess of actual over standard cost per un $ 0,00 0.00 0.00 0.00 10 Book Fa vonance Efficiency vanance Excess of actual over standard cost per unit Excess of actual over standard cost per und Less portion attributable to labour mefficiency $ 3. How much of the 50.08 excess unit cost is traceable to apparent inefficient use of labour time? (Input all values as positive amounts, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect li... zero variance). Do not round intermediate calculations. Round your final answers to 2 decimal places.) Labour eficency vanance Variable overhead efficiency variance Partion due to other variances Pro 0:00 0.00 $ 0:00 0.00 T HIE Next > eBook Pres Mc Problem 10-24 Basic Variance Analysis; the Impact of Variances on Unit Costs [LO2, LO3, LO4] Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May Direct materials: Standard: 1.80 metres at $3,00 per metre Actual: 1.80 metres at $3,30 per metre Direct labour: Standard: 0.90 hours at $18.00 hour Actual: 8.92 hours at $17.50 per hour Variable overhead: Standard: 0.99 hours at $5.00 per hour Actual: 0.52 hours at $4,50 per hour Total cost per unit Excess of actual cost over standard cost per unit Standard Cost per Unit $ 5.40 $16.20 Required: 1. Compute the following variances for May $4.50 $26.10 $0.00 Actual Cost per Unit $5.94 16.10 4.14 $26.10 The production superintendent was pleased when he saw this report and commented: "This $0.08 excess cost is well within the 2% imit management has set for acceptable variances. It's obvious that there's not much to worry about with this product" Actual production for the month was 12.000 units. Variable overhead cost is assigned to products on the basis of direct labour-hours These were no beginning or ending inventories of materials. 11 Next 1. Compute the following variances for May: a. Materials price and quantity variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Materials price variance Matenals quantity variance b. Labour rate and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting for favorable, "U" for unfavorable, and "None" for no effect (.e, zero variance).) Labout rate variance shour afficiency varianen B c. Variable overhead spending and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance).) Variable overhead rate variance Variable overhead efficiency variance 4 2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in Requirement above. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le.. zero variance), Round your answers to 2 decimal places) Materas 3 2. How much of the $0.08 excess unit cost is traceable to each of the variances computed in Requirement 1 above (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Round your answers to 2 decimal places.) Book Pint Materials Price variance Quantity variance Labour Rate variance Efficiency variance Vanable overhead Rate variance Efficiency variance Excess of actual over standard cost per unit $ 0:00 0.00 0.00 0.00 3. How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labour time? (Input all values as positive bione for no effect is 100 Help la HUNDEKS 3. How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labour time? (Input all values as positive amounts. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations. Round your final answers to 2 decimal places.) Excess of actual over standard cost per unit t Less portion attributable to labour inefficiency Labour efficiency variance Variable overhead efficiency variance Porton due to other vanances Seved $ 0.00 0.00 Help Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, alm actual cost data for May. Direct materials: Standard: 1.80 metres at $3.00 per metre Actual: 1.80 metres at $3.30 per metre Direct labour: Standard: 0.90 hours at $18.00 hour. Actual: 0.92 hours at $17.50 per hour Variable overhead: Standard: 0.98 hours at $5.00 per hour Actual: 0.92 hours at $4.50 per hour. Total cost per unit Excess of actual cost over standard cost per unit Standard Cost per Unit $ 5.40 $16.20 $ 4.50 $26.10 $0.08 Actual Cost per Unit $5.94 16.10 4/14 $26.18 The production superintendent was pleased when he saw this report and commented: "This $0.08 excess cost is well within the limit management has set for acceptable variances. It's obvious that there's not much to worry about with this product." Actual production for the month was 12.000 units. Variable overhead cost is assigned to products on the basis of direct labour-he