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Waterway Irrigation, Inc. is known throughout the world for its H20-X high-capacity water pump, used in irrigation systems. The pump's standard cost is as follows.
Waterway Irrigation, Inc. is known throughout the world for its H20-X high-capacity water pump, used in irrigation systems. The pump's standard cost is as follows. The company's predetermined fixed overhead rate is based on an expected capacity of 100,000 direct labor hours per month Standard Standard Standard Price Quantity Cost Direct materials $6 per pound 15 pounds $9C Direct labor $10 per DLH 4 DLH 40 Variable overhead 4 DLH 32 $8 r DLH Fixed overhead 4 DLH 20 $5 per DLH $182 During the month of September, the company produced 22,200 material during September. The direct labor payroll for the month was $791,600 for 95,200 direct labor hours. Variable overhead costs were $747,300; fixed overhead costs were 462,100. The company's purchasing agent signed a new supply f the 25,000 pumps that had been scheduled for production in the budget. The company used 381,450 pounds of a total price of $2,728,320. t materials ract that resulted in purchases pounds Calculate Waterway' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter for the amounts.) Direct materials price variance x Direct materials quantity variance S Direct labor rate variance x Direct labor efficiency variance Variable overhead spending variance x Variable overhead efficiency variance Fixed overhead spending variance
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