Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

wwutes, 58 seconds. 126141 cortent ganizations 2117141 Content Collection Sole n Libranes . Support O > Moving to another question will save this response Question

image text in transcribed
wwutes, 58 seconds. 126141 cortent ganizations 2117141 Content Collection Sole n Libranes . Support O > Moving to another question will save this response Question 5 Totes to Go, Inc developed standard costs for direct material and direct labor The following information is from the state budget for 2014 Expected production and sales Expected selling price per unit Total forced costs 7,000 units 680 $1,400.000 In 2018, Totes estimated the following standard costs for one of its major product the came tog Standard Quantity Standard Price Standard Unit Cost Direct materials 10 pounds $ 8 per pound 550 per hour Direct manufacturing labor 3.7 hours ours pro 17.00 p e During 2018, the actual number of units produced and sold was 4,800, at an average saling price of 5720 The cal cost of red malenas sed was $382.700 based on c pound Direct manufacturing labor-hours actually used were 18,300 at the rate of $48 per hour. As a result actual direct mancing labor 400 Ad d no beginning or ending inventories What is the direct labor flexible budget variance? $ 416,600 favorable $407,000 favorable . OLG wwutes, 58 seconds. 126141 cortent ganizations 2117141 Content Collection Sole n Libranes . Support O > Moving to another question will save this response Question 5 Totes to Go, Inc developed standard costs for direct material and direct labor The following information is from the state budget for 2014 Expected production and sales Expected selling price per unit Total forced costs 7,000 units 680 $1,400.000 In 2018, Totes estimated the following standard costs for one of its major product the came tog Standard Quantity Standard Price Standard Unit Cost Direct materials 10 pounds $ 8 per pound 550 per hour Direct manufacturing labor 3.7 hours ours pro 17.00 p e During 2018, the actual number of units produced and sold was 4,800, at an average saling price of 5720 The cal cost of red malenas sed was $382.700 based on c pound Direct manufacturing labor-hours actually used were 18,300 at the rate of $48 per hour. As a result actual direct mancing labor 400 Ad d no beginning or ending inventories What is the direct labor flexible budget variance? $ 416,600 favorable $407,000 favorable . OLG

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Auditing And Assurance Services

Authors: William Messier, Steven Glover, Douglas Prawitt

6th International Edition

0071284664, 978-0071284660

More Books

Students also viewed these Accounting questions

Question

What is a release methodology? Why is version control important?

Answered: 1 week ago