Based on the outcome of the calculations(image attached), draw the five (5) S-Curves for the individual. Completion dateBudgeted AmountTaskCash FlowActual Cost (acwp) | Cost Variance (CVAR/CV)scheduled(BCWP)Task a20-01-2021600006600066000-6000Task b15-02-2021450004800048000-3000Task c24-03-3021780007800078000Task d31-03-20219000084000840006000ТОTAL31-03-2021273000276000276000-3000

The S- curve for the cash flows shows the construction cash flows over a standard life of the…

Completion date Budgeted Amount Task Cash Flow Actual Cost (acwp) Cost Variance (CVAR/CV) scheduled (ВCWP) Task a 20-01-2021 60000 66000 66000 -6000 Task b 15-02-2021 45000 48000 48000 -3000 Task c 24-03-3021 78000 78000 78000 Task d 31-03-2021 90000 84000 84000 6000 ТОTAL 31-03-2021 273000 276000 276000 -3000

Completion date Budgeted Amount Task Cash Flow Actual Cost (acwp) Cost Variance (CVAR/CV) scheduled (ВCWP) Task a 20-01-2021 60000 66000 66000 -6000 Task b 15-02-2021 45000 48000 48000 -3000 Task c 24-03-3021 78000 78000 78000 Task d 31-03-2021 90000 84000 84000 6000 ТОTAL 31-03-2021 273000 276000 276000 -3000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 18MC: A flexible budget______. A. predicts estimated revenues and costs at varying levels of production B....

See similar textbooks

Similar questions

Answer subparts: Calculate the standard VMOH allocated to production during the year and prepare journal entry: VMOH Allocated: $_____________________ Calculate the standard FMOH allocated to production during the year and prepare journal entry: FMOH Allocated $_______________________ MOH VARIANCES (indicate whether favorable (F) or unfavorable (U): 5A. Calculate the total VMOH variance: Total VMOH VAR. $__________ 5B. Calculate the VMOH spending (price) variance: VMOH Spending Var.: $_____________U F 5C. Calculate the VMOH efficiency (quantity) variance: VMOH Efficiency Var.: $____________U F 6A…
Labor quantity variance cut off at bottom. Please anwser question in full
Question Content Area The following data relate to direct labor costs for the current period: Line Item Description Value Standard costs 7,000 hours at $11.80 Actual costs 6,300 hours at $10.80 The direct labor rate variance is a. $14,560 unfavorable b. $6,300 favorable c. $14,560 favorable d. $8,260 favorable
a, b, c has been answered here: https://www.bartleby.com/questions-and-answers/standard-costing-variance-question-1-zincet-co-a-manufacturing-firm-operates-a-standard-costing-syst/d363f090-547b-43f6-b739-680f61e5ae18
(Appendix) Calculating factory overhead: three variances Using the data given in E8-17, calculate the following overhead variances: a. Spending variance. b. Production-volume variance. c. Efficiency variance. d. Was the factory overhead under- or overapplied? By what amount? In all problems involving variances, use F and U to indicate favorable and unfavorable variances, respectively.
A flexible budget______. A. predicts estimated revenues and costs at varying levels of production B. gives actual figures for selling price C. gives actual figures for variable and fixed overhead D. is not used in overhead variance calculations
Overhead variance, missing information. Consider the following two situations—cases A and B— independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a exible budget for control of variable and xed manufacturing overhead based on machine-hours.
Q.Prepare a static-budget-based variance analysis of the September performance.
1. calculate the actual cost versus the budgeted cost of the planning project, which ic now complete. PROJECT BUDGETED COST REVISED BUDGET(BAC) ACTUAL COST COST VARIANCE CV% Planning 195,143 N/A 277,800.0 ........................ ..............
Overhead variance, missing information. Consider the following two situations—cases A and B— independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours.
a.Compute for the actual cost paid per kilogram b.Compute for the Labor Efficiency Variance Present your answer as 1000 FAVORABLE OR 1000 UNFAVORABLE if applicable Topic: Standard Costing and Variance Analysis
Data Table AC × AQ SC × AQ SC × SQ $0.65 per pounds $0.30 per pounds $0.30 per pound × × × 7,600 pounds 7,600 pounds 7,200 pounds $4,940 $2,280 $2,160 Cost Efficiency Variance Variance $2,660 U $120 U . Record Smithson's direct materials journal entries. Assume purchases were made on account. 2. Explain what management will do with this variance information.