Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You can drag and drop files here to add them. During June, Tarras Corporation plans to serve 38.000 customers. The company uses the following revenue

image text in transcribed
image text in transcribed
You can drag and drop files here to add them. During June, Tarras Corporation plans to serve 38.000 customers. The company uses the following revenue and cost formulas in its budgeting, where is the number of customers served Revenue: $4.470 Wages and salaries: $33,800 - 1.599 Supplies: 50.799 Insurance: $18,000 Miscellaneous expense: 54,800 + $0.499 Required: Prepare the company's planning budget for June. tion D Paragraph BI SE N D pe here to search E o DELL Kropf Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor hours Inputs Standard Quantity of Hours per Unit of Output Standard Price or Rate Direct materials 74 liters $700 per liter Direct labor 0.70 hours $ 2170 per hour Variable manufacturing overhead 070 hours $5.90 per per hour The company has reported the following actual results for the product for September Actual output 9.600 units Raw materials purchased 75.000 liters Actual cost of raw materials purchased $ 562,500 Raw materials used in production 71.050 liters Actual direct labor hours 6.410 hours Actual direct labor cost $ 142,302 Actual variable overhead cost $ 34,614 lon Required: a. Compute the materials price variance for September b. Compute the materials quantity variance for September c. Compute the labor rate variance for September d. Compute the labor efficiency variance for September e. Compute the variable overhead rate variance for September f Compute the variable overhead efficiency variance for September

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

Internet Fraud Casebook

Authors: Joseph T. Wells

1st Edition

0470643633, 9780470643631

More Books

Students also viewed these Accounting questions