This Test: 120 pts possit Allen manufactures embroidered jackets. The company prepares feble budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14,400 jackets per month (Click the icon to view the cost data.) Requirements Requirement 1. Compute the price and efficiency variances for direct materials and direct labour. Begin by determining the formula for the price variance, then compute the price variances for direct materials (DM) and direct labour (DL). (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U).) Actual price per input unit Price variance DM DL Actual price per input unit Data Table Actual quantity of input Next, determine the formula for the efficient Standard price per input unit ency variances for direct materials (DM) and direct labour (DL) (U).) purable Standard quantity of input Direct materials 30 sq.mx $4.15 per sqm) $ 12.45 Efficiency variance Direct labour ( 2 hours x $9.70 per hour). 19.40 DM ( Manufacturing overhead: DL Variable (2 hours x $0.68 per hour) ..... 1.36 4.40 Requirement 2. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance Fixed ( 2 hours x $220 per hour) 5.76 rable (U).) Total cost per jacket $ 37.61 Alen Data for November of the current year include the following: Manufacturing Overhead Variances a. Actual production was 14,000 jackets Total overhead variance b. Actual direct materials usage was 2 60 m2 per jacket at an actual cost of $4.30 Actual overhead cost c. Actual direct labour usage of 25.800 hours cost $252.840 d. Total actual overhead cost was $82,000 Standard overhead allocated to production perm? Choose from any list or enter any number in the input fields and then continue to the next question Print Done MacBook Air THIS Test: 120 pts possible Allen manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14.400 jackets per month: m (Click the icon to view the cost data) Requirements Requirement 1. Compute the price and efficiency variances for direct materials and direct labour. Begin by determining the formula for the price variance, then compute the price variances for direct materials (DM) and direct labour (DL). (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U).) Actual price per input unit 1 x Price variance DM ) DL ) Next, determine the formula for the efficiency variance, then compute the efficiency variances for direct materials (DM) and direct labour (DL). (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U)) - Efficiency variance ( x DL Requirement 2. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance. (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U):) Allen Manufacturing Overhead Variances Total overhead variance Actual overhead cost Standard overhead allocated to production Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air 0 Allen manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14,400 jackets per month: (Click the icon to view the cost data.) Requirements Manufacturing Overhead Variances Total overhead variance: Actual overhead cost Standard overhead allocated to production Total overhead variance Overhead flexible budget variance: Actual overhead cost Flexible budget overhead for actual outputs Overhead flexible budget variance Production volume variance Flexible budget overhead for actual outputs Standard overhead allocated to production Production volume variance Requirement 3. Allen's management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain The favourable variances more than offset the unfavourable variances. In total, the favourable variances for exceed the unfavourable variances Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air Allen manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14,400 jackets per month: (Click the icon to view the cost data.) Beauirements Actual overhead cost Standard overhead allocated to production Total overhead variance Overhead flexible budget variance: Actual overhead cost Flexible budget overhead for actual outputs Overhead flexible budget variance Production volume variance Flexible budget overhead for actual outputs Standard overhead allocated to production Production volume variance Requirement 3. Alen's management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain The favourable variances more than offset the unfavourable variances. In total, the favourable variances for exceed the unfavourable variances If the superior materials decreased materials and labour usage, then management's decision was Choose from any list or enter any number in the input fields and then continue to the next question. This Test: 120 pts possit Allen manufactures embroidered jackets. The company prepares feble budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14,400 jackets per month (Click the icon to view the cost data.) Requirements Requirement 1. Compute the price and efficiency variances for direct materials and direct labour. Begin by determining the formula for the price variance, then compute the price variances for direct materials (DM) and direct labour (DL). (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U).) Actual price per input unit Price variance DM DL Actual price per input unit Data Table Actual quantity of input Next, determine the formula for the efficient Standard price per input unit ency variances for direct materials (DM) and direct labour (DL) (U).) purable Standard quantity of input Direct materials 30 sq.mx $4.15 per sqm) $ 12.45 Efficiency variance Direct labour ( 2 hours x $9.70 per hour). 19.40 DM ( Manufacturing overhead: DL Variable (2 hours x $0.68 per hour) ..... 1.36 4.40 Requirement 2. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance Fixed ( 2 hours x $220 per hour) 5.76 rable (U).) Total cost per jacket $ 37.61 Alen Data for November of the current year include the following: Manufacturing Overhead Variances a. Actual production was 14,000 jackets Total overhead variance b. Actual direct materials usage was 2 60 m2 per jacket at an actual cost of $4.30 Actual overhead cost c. Actual direct labour usage of 25.800 hours cost $252.840 d. Total actual overhead cost was $82,000 Standard overhead allocated to production perm? Choose from any list or enter any number in the input fields and then continue to the next question Print Done MacBook Air THIS Test: 120 pts possible Allen manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14.400 jackets per month: m (Click the icon to view the cost data) Requirements Requirement 1. Compute the price and efficiency variances for direct materials and direct labour. Begin by determining the formula for the price variance, then compute the price variances for direct materials (DM) and direct labour (DL). (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U).) Actual price per input unit 1 x Price variance DM ) DL ) Next, determine the formula for the efficiency variance, then compute the efficiency variances for direct materials (DM) and direct labour (DL). (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U)) - Efficiency variance ( x DL Requirement 2. For manufacturing overhead, compute the total variance, the flexible budget variance, and the production volume variance. (Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U):) Allen Manufacturing Overhead Variances Total overhead variance Actual overhead cost Standard overhead allocated to production Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air 0 Allen manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14,400 jackets per month: (Click the icon to view the cost data.) Requirements Manufacturing Overhead Variances Total overhead variance: Actual overhead cost Standard overhead allocated to production Total overhead variance Overhead flexible budget variance: Actual overhead cost Flexible budget overhead for actual outputs Overhead flexible budget variance Production volume variance Flexible budget overhead for actual outputs Standard overhead allocated to production Production volume variance Requirement 3. Allen's management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain The favourable variances more than offset the unfavourable variances. In total, the favourable variances for exceed the unfavourable variances Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air Allen manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a jacket is based on the static budget volume of 14,400 jackets per month: (Click the icon to view the cost data.) Beauirements Actual overhead cost Standard overhead allocated to production Total overhead variance Overhead flexible budget variance: Actual overhead cost Flexible budget overhead for actual outputs Overhead flexible budget variance Production volume variance Flexible budget overhead for actual outputs Standard overhead allocated to production Production volume variance Requirement 3. Alen's management intentionally purchased superior materials for November production. How did this decision affect the other cost variances? Overall, was the decision wise? Explain The favourable variances more than offset the unfavourable variances. In total, the favourable variances for exceed the unfavourable variances If the superior materials decreased materials and labour usage, then management's decision was Choose from any list or enter any number in the input fields and then continue to the next