Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

This Test 100 pts possible Guard which ca standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,500,000 feet of draded vinyl

image text in transcribed

This Test 100 pts possible Guard which ca standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,500,000 feet of draded vinyl purchased at 51.45 per foot Production required 4.100 direct labor hours at cost $12.50 per hos Thema standard was 5+55 per foot. The bor standard was 0.023 direct labor hour per fender at a standard cost of $1150 per hour Barnett compute the price and quantity variances for direct materials Compute the rate and efficiency variances for direct labor. (Enter the variances as positive numbers Erromancy amount to the nearest cert and your answers to the neareste con DDrect materials OL = Direct labor Sentences for create's Fast determine the formula for the direct materials price variance, the compute the price variance for direct match the purchased to the quanto mais used Moe vanno Der er to for the direct matras atitvarance, then compute the quantity varande for direct matenas Out ouantity and moes for director First determine the formula for the rate variance, then compute the rate variance for direct labor OLD Det for both ency varunce then compute the efficiency varande for direct labor 1- OLetonnoy varianos as of variances et that the company's managers have been making trade ots? Explain nevarne combined with the direct materiais quantity vare suggests that managers may have decabor ciency variance suggests that managers may have This Test 100 pts possible Guard which ca standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,500,000 feet of draded vinyl purchased at 51.45 per foot Production required 4.100 direct labor hours at cost $12.50 per hos Thema standard was 5+55 per foot. The bor standard was 0.023 direct labor hour per fender at a standard cost of $1150 per hour Barnett compute the price and quantity variances for direct materials Compute the rate and efficiency variances for direct labor. (Enter the variances as positive numbers Erromancy amount to the nearest cert and your answers to the neareste con DDrect materials OL = Direct labor Sentences for create's Fast determine the formula for the direct materials price variance, the compute the price variance for direct match the purchased to the quanto mais used Moe vanno Der er to for the direct matras atitvarance, then compute the quantity varande for direct matenas Out ouantity and moes for director First determine the formula for the rate variance, then compute the rate variance for direct labor OLD Det for both ency varunce then compute the efficiency varande for direct labor 1- OLetonnoy varianos as of variances et that the company's managers have been making trade ots? Explain nevarne combined with the direct materiais quantity vare suggests that managers may have decabor ciency variance suggests that managers may have

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Hartgraves And Morse

6th Edition

1934319805, 978-1934319802

More Books

Students explore these related Accounting questions