QUESTIONS (The Mely Companie werk werd in het sy WORKSPACE for perto Mature with their own Mendado DAD VA AD The CM ALD Actual and production for July 2015 follows The besig orenting day. Alexpenden 1. Alection and were 2.500 coffee Anar a ww 11.000 baan talot of ALDO 17 per 4. Andre borge of 197.000 mesto of AED 1,0% Actualverham AID 10.35 and AD 29.5 fred Selling in recent were AED 130,000 Requiremat NUMERIC ANSWERS MUST BE FOLLOWED WITH pace For Free for free for credit Compute the Direct Materials Cost Variance AED 2 points (2 points 2 Compute the Direct Materials Efficiency Variance AED Compute the Direct Labor Cost Variance AED Q points points 4 Compute the Direct Labor Efficiency Variance AED points Compute the Variable Manufacturing Overhead Cost Variance AED (2 points Compute the Variable Efficiency Overhead Efficiency Variance AED Actual cost and production information for July 2018 follows: (15 Points) . There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,500 coffee mugs. e. Actual direct materials usage was 11,000 lbs. at an actual cost of AED 0.17 per lb. d. Actual direct labor usage of 197,000 minutes at a cost of AED 33,490. e. Actual overhead cost was AED 10,835 variable and AED 29,965 fixed. 1. Selling and administrative costs were AED 130,000 Requirements NUMERIC ANSWERS MUST BE FOLLOWED WITH space F for Favorable or space U for unfavorable for full credit. 1. Compute the Direct Materials Cost Variance AED (2 points) 2. Compute the Direct Materials Efficiency Variance AED (2 points) 3. Compute the Direct Labor Cost Variance AED (2 points) 4. Compute the Direct Labor Efficiency Variance AED (2 points) 5. Compute the Variable Manufacturing Overhead Cost Variance AED 6. Compute the Variable Efficiency Overhead Efficiency Variance AED (2 polnts) (2 points) 7. Compute the Fixed Manufacturing Overhead Cost Variance AED I (2 points) 8. Compute the Fixed Manufacturing Overhead Volume Variance AED (1 points) Direct Materials (0.2 lbs. @ AED 0.25 per lb.) AED 0.05 0.42 Direct Labor (3 minutes @ AED 0.14 per minute) Manufacturing Overhead: Variable (3 minutes @ AED 0.06 per minute) AED 0.18 0.39 0.57 Fixed (3 minutes @ AED 0.13 per minute) Total Cost per Coffee Mug AED 1.04 QUESTIONS (The Mely Companie werk werd in het sy WORKSPACE for perto Mature with their own Mendado DAD VA AD The CM ALD Actual and production for July 2015 follows The besig orenting day. Alexpenden 1. Alection and were 2.500 coffee Anar a ww 11.000 baan talot of ALDO 17 per 4. Andre borge of 197.000 mesto of AED 1,0% Actualverham AID 10.35 and AD 29.5 fred Selling in recent were AED 130,000 Requiremat NUMERIC ANSWERS MUST BE FOLLOWED WITH pace For Free for free for credit Compute the Direct Materials Cost Variance AED 2 points (2 points 2 Compute the Direct Materials Efficiency Variance AED Compute the Direct Labor Cost Variance AED Q points points 4 Compute the Direct Labor Efficiency Variance AED points Compute the Variable Manufacturing Overhead Cost Variance AED (2 points Compute the Variable Efficiency Overhead Efficiency Variance AED Actual cost and production information for July 2018 follows: (15 Points) . There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,500 coffee mugs. e. Actual direct materials usage was 11,000 lbs. at an actual cost of AED 0.17 per lb. d. Actual direct labor usage of 197,000 minutes at a cost of AED 33,490. e. Actual overhead cost was AED 10,835 variable and AED 29,965 fixed. 1. Selling and administrative costs were AED 130,000 Requirements NUMERIC ANSWERS MUST BE FOLLOWED WITH space F for Favorable or space U for unfavorable for full credit. 1. Compute the Direct Materials Cost Variance AED (2 points) 2. Compute the Direct Materials Efficiency Variance AED (2 points) 3. Compute the Direct Labor Cost Variance AED (2 points) 4. Compute the Direct Labor Efficiency Variance AED (2 points) 5. Compute the Variable Manufacturing Overhead Cost Variance AED 6. Compute the Variable Efficiency Overhead Efficiency Variance AED (2 polnts) (2 points) 7. Compute the Fixed Manufacturing Overhead Cost Variance AED I (2 points) 8. Compute the Fixed Manufacturing Overhead Volume Variance AED (1 points) Direct Materials (0.2 lbs. @ AED 0.25 per lb.) AED 0.05 0.42 Direct Labor (3 minutes @ AED 0.14 per minute) Manufacturing Overhead: Variable (3 minutes @ AED 0.06 per minute) AED 0.18 0.39 0.57 Fixed (3 minutes @ AED 0.13 per minute) Total Cost per Coffee Mug AED 1.04
