udg X 0 Data Table Static Budget (1,000 recliners) $ 505,000 Actual Results (980 recliners) 470,400 52 200 52,216 Sales (1,000 recliners * $505 each) (980 recliners x $480 each) Variable Manufacturing Costs Direct Materials 6,000 yds @ $8.70 / yd.) (6,143 yds @ $8.50/yd) Direct Labor (10,000 DLH @ $10.70 / DLHI) 9,600 DLH @ $10.80 / DLH) Variable Overhead 6,000 yds @ $5.20/yd.) (6,143 yds @ $6.60 / yd.) Fixed Manufacturing Costs: Fixed Overhead 107,000 103,680 31,200 40,544 62,600 60,600 251,000 Total Cost of Goods Sold 259,040 or dir Gross Profit 254,000 $ 211,360 1 mat Print Done Requirements + 1. Prepare a flexible budget based on the actual number of recliners sold. 2. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. 3. Have Rouse's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? 4. Describe how Rouse's managers can benefit from the standard costing system Print Done Sexbuting conto Roveloce by the company peocero inches the flowing the des Regulament 1. Presentes et bied on the del benadines tot die beste les Be Am Rouse Recliners manufactures leather recliners and uses flexible budgeting and a standard cost syst Click the icon to view the selected data) Read the requirements Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budge Rouse Recliners Flexible Budget Budget Amounts per Unit Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold Gross Profit Requirement 2. Compute the cost variance and the efficiency variance for direct materials and for direct labo Begin with the cost variances Select the required formulas, compute the cost variances for direct materials a overhead, SC - standard cost, SO = standard quantity) Formula Variance Direct materials cost variance Direct labor cost variance Naut ranto the officiency varisree Solart the road formula geting and a standard cost system Rouse allocates overhead based on yards of direct materiale. The company's performance report includes the following selected data udg X 0 Data Table Static Budget (1,000 recliners) $ 505,000 Actual Results (980 recliners) 470,400 52 200 52,216 Sales (1,000 recliners * $505 each) (980 recliners x $480 each) Variable Manufacturing Costs Direct Materials 6,000 yds @ $8.70 / yd.) (6,143 yds @ $8.50/yd) Direct Labor (10,000 DLH @ $10.70 / DLHI) 9,600 DLH @ $10.80 / DLH) Variable Overhead 6,000 yds @ $5.20/yd.) (6,143 yds @ $6.60 / yd.) Fixed Manufacturing Costs: Fixed Overhead 107,000 103,680 31,200 40,544 62,600 60,600 251,000 Total Cost of Goods Sold 259,040 or dir Gross Profit 254,000 $ 211,360 1 mat Print Done Requirements + 1. Prepare a flexible budget based on the actual number of recliners sold. 2. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. 3. Have Rouse's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? 4. Describe how Rouse's managers can benefit from the standard costing system Print Done Sexbuting conto Roveloce by the company peocero inches the flowing the des Regulament 1. Presentes et bied on the del benadines tot die beste les Be Am Rouse Recliners manufactures leather recliners and uses flexible budgeting and a standard cost syst Click the icon to view the selected data) Read the requirements Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budge Rouse Recliners Flexible Budget Budget Amounts per Unit Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs: Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs: Fixed Overhead Total Cost of Goods Sold Gross Profit Requirement 2. Compute the cost variance and the efficiency variance for direct materials and for direct labo Begin with the cost variances Select the required formulas, compute the cost variances for direct materials a overhead, SC - standard cost, SO = standard quantity) Formula Variance Direct materials cost variance Direct labor cost variance Naut ranto the officiency varisree Solart the road formula geting and a standard cost system Rouse allocates overhead based on yards of direct materiale. The company's performance report includes the following selected data
