Vanalice report LU riru, ru, r4 [The following information applies to the questions displayed below) Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds @ $6.00 per pound) Direct labor (1.7 hours $11.00 per hour) Overhead (1.7 hours @ $18.50 per hour) Standard cost per unit $ 80.15 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capa level. $ 30.00 18.70 31.45 $ 15,000 75,000 15,000 30,000 135,000 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Totol variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-achinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total Overhead costs 23,000 72,000 12,000 224,750 336.750 $ 471,750 Total fixed overhead costs Total overhead costs 336,750 $ 471,750 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (76,000 pounds @ $6.20 per pound) $ 471,200 Direct labor (21,000 hours @ $11.30 per hour) 237,300 Overhead costs Indirect materials $ 41,750 Indirect labor 176,700 Power 17,250 Maintenance 34,500 Depreciation-Building 23,000 Depreciation-Machinery 97,200 Taxes and insurance 15,300 Supervisory salaries 224,750 638,450 Total costs $ 1,338,950 Problem 8-3A (Algo) Part 1 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75% levels ANTIAN COMPANY x Content X Question 1 - Chapter 8 Problem: X C Artan Company Set Hucation.com/ext/map/index.html?_con=con&external_browser=0&launchUn=https%253A%252F%252Flms.n Saved alem(s) of the Week ! Required information Flexible Budget at Capacity Level of For Month Ended October 31 Variable Amount Total Fixed Cost per Unit 65% 75% 85% Production (in units) Variable overhead costs Indirect materials Indirect labor Power Maintenance 0.00 S 0 $ 0 $ 0 Total variable overhead Fixed overhead costs $ 0 S 0 Total overhead costs Puer 2 3 4 of 4 H Next arch o i * oblem B-3A (Algo) Part 2 Compute the direct matertol variance, including its price and quantity variances, (Indicate the effect of each variance by selecting orable, unfavorable, or no variance.) Acest D 3 0 0 5 Drew Nav 1,950 Problem 8-3A (Algo) Part 3 3. Compute the direct labor variance, including its rate and efficiency variances. (indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to two decimal places.) Autht cel Santandert 3 ol Required information Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume Variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance Tota overhead variance Vanalice report LU riru, ru, r4 [The following information applies to the questions displayed below) Antuan Company set the following standard costs per unit for its product. Direct materials (5.0 pounds @ $6.00 per pound) Direct labor (1.7 hours $11.00 per hour) Overhead (1.7 hours @ $18.50 per hour) Standard cost per unit $ 80.15 The standard overhead rate ($18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capa level. $ 30.00 18.70 31.45 $ 15,000 75,000 15,000 30,000 135,000 Overhead Budget (75% Capacity) Variable overhead costs Indirect materials Indirect labor Power Maintenance Totol variable overhead costs Fixed overhead costs Depreciation-Building Depreciation-achinery Taxes and insurance Supervisory salaries Total fixed overhead costs Total Overhead costs 23,000 72,000 12,000 224,750 336.750 $ 471,750 Total fixed overhead costs Total overhead costs 336,750 $ 471,750 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (76,000 pounds @ $6.20 per pound) $ 471,200 Direct labor (21,000 hours @ $11.30 per hour) 237,300 Overhead costs Indirect materials $ 41,750 Indirect labor 176,700 Power 17,250 Maintenance 34,500 Depreciation-Building 23,000 Depreciation-Machinery 97,200 Taxes and insurance 15,300 Supervisory salaries 224,750 638,450 Total costs $ 1,338,950 Problem 8-3A (Algo) Part 1 Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75% levels ANTIAN COMPANY x Content X Question 1 - Chapter 8 Problem: X C Artan Company Set Hucation.com/ext/map/index.html?_con=con&external_browser=0&launchUn=https%253A%252F%252Flms.n Saved alem(s) of the Week ! Required information Flexible Budget at Capacity Level of For Month Ended October 31 Variable Amount Total Fixed Cost per Unit 65% 75% 85% Production (in units) Variable overhead costs Indirect materials Indirect labor Power Maintenance 0.00 S 0 $ 0 $ 0 Total variable overhead Fixed overhead costs $ 0 S 0 Total overhead costs Puer 2 3 4 of 4 H Next arch o i * oblem B-3A (Algo) Part 2 Compute the direct matertol variance, including its price and quantity variances, (Indicate the effect of each variance by selecting orable, unfavorable, or no variance.) Acest D 3 0 0 5 Drew Nav 1,950 Problem 8-3A (Algo) Part 3 3. Compute the direct labor variance, including its rate and efficiency variances. (indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour answers to two decimal places.) Autht cel Santandert 3 ol Required information Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume Variance Flexible Budget Actual Results Variances Favorable/Unfavorable Variable overhead costs Fixed overhead costs Total overhead costs Volume Variance Volume variance Tota overhead variance