Question
Use the data to calculate the following requirements Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost
Use the data to calculate the following requirements
Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost $ Standard Quantity 3.0 pounds 0.50 hours 0.50 hours 2,130 units 6,372.00 Actual Quantity 6,350 pounds 1,080 hours 555 $ $ SS $ Standard Price 4.00 per pound 22.00 per hour 6.00 per hour Actual price 4.20 per pound 22.30 per hour
Step by Step Solution
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Step: 1
The materials quantity variance is 619140 unfavorable which means that the company used more materials than expected to produce the actual output To calculate the materials quantity variance we use th...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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