A manufactured product has the following information for August.     Standard   Actual Direct materials 2 lbs. per unit @ $2.50 per lb.         Direct labor 0.5 hours per unit @ $16 per hour         Overhead $12 per direct labor hour         Units manufactured       12,000   Total manufacturing costs     $ 225,400     (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August. (3) Compute the total cost variance for August

Q: There were no beginning inventories. Q. Calculate the actual price per pound of direct materials…

A:

Q: Lewis Company's standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of…

A: Total Labor Variance =  ( AH * AR - SR * SH )   Labor Price Variance =  ( SR - AR ) * AH…

Q: Solly Corporation produces a product for national distribution. Standards for the product are: •…

A: Please find the answer to the above question below:

Q: ABC Company's production budget for October is based on 500 units. Standard unit cost for raw…

A: Direct materials usage variance =  (Standard quantity * Standard price) - (Actual quantity *…

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A: d. Compute the direct labor rate variance. Direct labor rate variance = standard cost of actual…

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A: Material price variance shows the difference in actual material cost from expected due to price with…

Q: Marv Company's direct labor costs for manufacturing its only product were as follows for October:…

A:

Q: The standard cost of Product DD is 4 hours of labor at a rate of $12.00 per hour. During the month…

A: Direct Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked…

Q: Barker Company produces and sells a single product with budgeted or standard costs as follows:…

A: A cash budget is an estimate of a company's cash inflows and outflows for a given time span, such as…

Q: The following information pertains to UV company. The direct labor standards for a product are 5…

A: Variance analysis is performed to find the deviations by comparing actual performance done with the…

Q: Barker Company produces and sells a single product with budgeted or standard costs as follows:…

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Q: Marv Company's direct labor costs for manufacturing its only product were as follows for October.…

A: The standard direct labour hours per unit is the rate that is estimated by the company. This is also…

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A: Ratio analysis is used by the management for measuring the performance of the organization.…

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A: Material  price variance = (Standard price  - Actual  price) ×Actual  quantity

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A: Variable overhead efficiency variance = (standard hours - actual hours)*standard rate

Q: Sales budget for February, including net sales dollars. Production Budget, i.e., units to be…

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

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A: The variance is the difference between standard and actual production dats of the current period.

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A: Labor efficiency variance    is the difference between  AH*SR   and SH*SR  AH = 520 hrs SR = $ 11…

Q: A company developed the following per-unit standards for its product: 2 pounds of direct materials…

A: Direct material price variance = (Standard price per unit - Actual price per unit) * Actual quantity…

Q: Kaaihue Detailing's cost formula for its materials and supplies is $2,750 per month plus $17 per…

A: Variance is an important concept in budgeting which indicates the deviations of budget prepared and…

Q: ngel Corporation makes a product with the following standard costs:     Standard Quantity or Hours…

A: Variance: When the actual cost differs from the standard cost(budgeted cost), it is called variance.…

Q: Hockey Accessories Corporation manufactured 21,400 duffle bags during March. The following fixed…

A: The amount of fixed overhead spending variance is the difference between actual fixed overhead…

Q: Print Works company has collected actual results for the current month as follows: Actual amounts:…

A: Variance is considered as the difference between budgeted value and actual results. The management…

Q: Lebron Co. manufactures product X with the following standard costs: Direct materials, 20 yards @…

A: Given data, Standard price of material (SP)=P13.50 Production during may=500 units Therefore,…

Q: Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours…

A: Material quantity variance = (Standard quantity of material allowed for actual output - Actual…

Q: Tharaldson Corporation makes a product with the following standard costs: Standard Quantity Standard…

A: The variance is the difference between standard and the actual production data.

Q: Majer Corporation makes a product with the following standard costs: Standard Quantity or Standard…

A: The variance is the difference between the actual data and standard output of the production.

Q: Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for…

A: Standard Cost :— It is the predetermined cost that is estimated to be incurred in the future.

Q: Tharaldson Corporation makes a product with the following standard costs:     Standard Quantity or…

A: Direct Material quantity variance  =  (Actual quantity used×Standard price) - (Standard quantity…

Q: At the beginning of October, Nelson Inc. detemined the following for a particular product: Standard…

A: Solution Working note Calculation of the actual quantity of material purchased  Favorable Material…

Q: The following is the data for manufacturing solar panels for the month of June: Direct Direct…

A: In this question, we are required to calculate various variances. Lets understand each one by one.…

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A: SOLUTION- VARIABLE OVERHEAD RATE VARIANCE-  ITS FIND DIFFERENCE BETWEEN ACTUAL VARIABLE OVERHEAD…

Q: Corporation makes a product with the following standard costs:     Standard Quantity or Hours…

A: Variable overhead efficiency variance = (Standard hours - Actual hours) x Standard rate The total…

Q: المحاسبهة الادارية نظر Clark Company manufactures a product with a standard direct labor cost of two…

A: The variance is the difference between the actual data and standard output of the production.

Q: Majer Corporation makes a product with the following standard costs:   Standard Quantity or Hours…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked

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A: Standard costing: Under this costing method, the expected costs are used in the accounting records…

Q: Marv Company's direct labor costs for manufacturing its only product were as follows for October:…

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Q: The following materials standards have been established for a particular product: Standard quantity…

A: The discrepancy between the actual amount incurred on direct material purchases for a given time and…

Q: The following information is for Delay Company’s July production: Standards: Material: 3.0 feet per…

A: Variances are computed to find out the deviations, if any and taking corrective measures for them.

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A: Lets understand the basics. Variable overhead efficiency variance is a variance between the actual…

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A: Formula: Direct material price variance = ( Standard rate - Actual rate ) x Actual quantity

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A: Actual rate of direct labour per hour = Actual direct labour costActual direct labour hours…