Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vader manufactures kaozies. The standard costs for the manufacture of the kaozies were as follows: Standard Costs Actual Cost: Direct 1,500 pounds. at $15 2,000

image text in transcribed
Vader manufactures kaozies. The standard costs for the manufacture of the kaozies were as follows: Standard Costs Actual Cost: Direct 1,500 pounds. at $15 2,000 pounds at materials $14.50 Direct labor "000 hrs. at $8 8,000 hrs. at $9 Factory Rates per labor hourr based on 100% of normal overhead capacity of 10,000 labor hrs. Variable cost, $4.20 $22,000 variable cost Fixed cost, $3.85 $38,500 xed cost REQUIRED: 1. Determine the direct materials price variance. direct materials quantity variance. and total direct materials cost variance. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. 3. Determine the variable factory overhead controllable variance. fixed factory overhead volume variance, and total factory overhead cost variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Basic Technical Mathematics

Authors: Allyn J. Washington, Richard Evans

12th Edition

0137529899, 9780137529896

Students also viewed these Accounting questions