I really could use some help with the second half of this problem the first half has been answered just need help finishing it up During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production inbudget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,60095.200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purchaagent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,24Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal place.g. 52.75 and final answers to O decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.)24189760Direct materials price variance2$801900Direct materials quantity variance2$16040dDirect labor rate variance2$Direct labor efficiency variance24Variable overhead spending variance$Variable overhead efficiency variance$4Fixed overhead spending varianceeTextbook and Media rent Attempt in Progressoronado Irrigation, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in irrigation systems. Theump's standard cost is as follows. The company's predetermined fixed overhead rate is based on an expected capacity of 100,000irect labor hours per month.StandardStandardStandardPriceQuantityCostDirect materials$5 per pound14 pounds$70Direct labor$10 per DLH4 DLH40Variable overhead$7 per DLH4 DLH28Fixed overhead$4 per DLH4 DLH16$154During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in thebudget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 for95.200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purchasingagent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,240.Calculate Coronado' 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 O for the amounts.)24140000Direct materials price variance

Material variances: Standard quantity of material for actual production = 22430*14 = 314020 Pound…

During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 95,200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purcha agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,2 Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal pla e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) 2$ 189760 Direct materials price variance 801900 Direct materials quantity variance 16040d Direct labor rate variance 2$ Direct labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance $4 Fixed overhead spending variance %24 %24 %24 %24

During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 95,200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purcha agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,2 Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal pla e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) 2$ 189760 Direct materials price variance 801900 Direct materials quantity variance 16040d Direct labor rate variance 2$ Direct labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance $4 Fixed overhead spending variance %24 %24 %24 %24

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 6PA: Gent Designs requires three units of part A for every unit of Al that it produces. Currently, part A...

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Gent Designs requires three units of part A for every unit of Al that it produces. Currently, part A is made by Gent, with these per-unit costs in a month when 4.000 units were produced: Variable manufacturing overhead is applied at $1.00 per unit. The other $0.30 of overhead consists of allocated fixed costs. Gent will need 6,000 units of part A for the next years production. Cory Corporation has offered to supply 6,000 units of part A at a price of $7.00 per unit. It Gent accepts the offer, all of the variable costs and $1,200 of the fixed costs will be avoided. Should Gent Designs accept the offer from Cory Corporation?
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Event Forms expects $120,000 in overhead during the next year. It doesn't know whether it should apply overhead on the basis of its anticipated direct labor hours of 6,000 or its expected machine hours of 5,000. What would be the product cost under each predetermined allocation rate if the last job incurred $3,500 in direct material cost, 55 direct labor hours, and 55 machine hours? Wages are paid at $17 per hour.
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