please guve the the accurate answers only pleaseWhat is the labor efficiency variance? answer: ??????? since it is unfavorable What is the variable overhead efficiency variance?answer: ?????????? since its unfavorable What is the variable overhead rate variance?answer:??????????? since it is unfavorable Excel File Edit View Insert Format Tools Data WindowCHome Insert Draw Page Layout Formulas Data Reviewfx112AutoSave OFFChapter 10: Applying Excel123Data4 Exhibit 10-1: Standard Cost Card56Direct materials7 Direct labor8 Variable manufacturing overhead910 Actual results:11 Actual output121314 Actual direct materials cost15 Actual direct labor cost1617 Enter a formula into each of the cells marked with a ? below18 Main Example: Chapter 1019AActual variable manufacturing overhead costInputs20 Exhibit 10-4: Standard Cost Variance Analysis-Direct Materials21 Standard Quantity Allowed for the Actual Output, at Standard Price22 Actual Quantity of Input, at Standard Price23 Actual Quantity of Input, at Actual Price24 Direct materials variances:25 Materials quantity varianceMaterials spending varianceLabor efficiency varianceLabor rate varianceReady41 Actual Hours of Input, at Actual Rate42 Variable overhead variances:43 Variable overhead efficiency variance44Variable overhead rate variance45Variable overhead spending variance464748495051525354BChapter 10 FormJ Accessibility: Investigate26 Materials price variance272829 Exhibit 10-6: Standard Cost Variance Analysis - Direct Labor30 Standard Hours Allowed for the Actual Output, at Standard Rate31 Actual Hours of Input, at Standard Rate32 Actual Hours of Input, at Actual Rate33 Direct labor variances:343536 Labor spending variance3738 Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead39 Standard Hours Allowed for the Actual Output, at Standard Rate40 Actual Hours of Input, at Standard RateStandard Quantity3.0 pounds0.50 hours0.50 hours2,030 units$6,975Actual Quantity5,855 pounds1,125 hoursC6,300 pounds x6,350 pounds x6,350 pounds x-$200 U-$635 U-$835 U1,050 hours *1,020 hours x1,020 hours *$660 F-$102 U$558 F1,050 hours x1,020 hours x1,020 hours *$180 F$1,020 F$1,200 FViewDHelpX Chapter_10_Applying_Excel Student Wor or answers FormDeveloper Tell meEStandard Price$4.00 per pound$22.00 per hour$6.00 per hourActual price$4.20 per pound$22.10 per hour$4.00 per pound =$4.00 per pound =$4.10 per pound =$22.00 per hour =$22.00 per hour =$22.10 per hour =$6.00 per hour =$6.00 per hour =$5.00 per hour =F$25,200$25,400$26,035$23,100$22,440$22,542$6,300$6,120$5,100GH|JAnswers:$940.00-$1,171.00-$112.50KLMNBO☆18A55% [4]PIShareQCommentsR100%S

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Description: please guve the the accurate answers only pleaseWhat is the labor efficiency variance? answer: ??????? since it is unfavorable What is the variable overhead efficiency variance?answer: ?????????? since its unfavorable What is the variable ove

Variance analysis is one of useful technique used in management accounting. Under this, all the…

Business

Accounting

please guve the the accurate answers only please What is the labor efficiency variance? answer: ??????? since it is unfavorable What is the variable overhead efficiency variance? answer: ?????????? since its unfavorable What is the variable overhead rate variance? answer:??????????? since it is unfavorable

please guve the the accurate answers only please What is the labor efficiency variance? answer: ??????? since it is unfavorable What is the variable overhead efficiency variance? answer: ?????????? since its unfavorable What is the variable overhead rate variance? answer:??????????? since it is unfavorable

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter16: Manufacturing Accounting (mfg)

Section: Chapter Questions

Problem 2R

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** Please don't use hand writing and don't copy and paste *** I want new and unique answer .. Thank you ACT 301 Q2. RCR has two support departments, X1 and X2, and two operating departments, Z1 and Z2. RCR has decided to use the direct method and allocate variable X1 dept. costs based on the number of transactions and fixed X1 dept. costs based on the number of employees. X2 dept. variable costs will be allocated based on the number of service requests and fixed costs will be allocated based on the number of computers. The following information is provided: Support Departments Operating Departments X1 X2 Z1 Z2 Total Department variable costs 12,500 15,000 95,000 52,500 Total department fixed costs 14,500 27,500 105,000 45,000 Number of transactions 38 45 175 112 Number of employees 14 18 38 30 Number of service requests 30 18 38 25 Number of computers 15 20 25 30 You are…
eBook Question Content Area Direct Method of Support Department Cost Allocation Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. Support Departments Producing Departments HumanResources GeneralFactory Fabricating Assembly Direct costs $170,000 $350,000 $114,800 $95,000 Normal activity: Number of employees — 60 45 80 Square footage 1,500 — 6,000 14,000 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Chekov Company uses the direct method of support department cost allocation. Required:
eBook Print Item Cycle Time, Velocity, Product Costing Mulhall, Inc., has a JIT system in place. Each manufacturing cell is dedicated to the production of a single product or major subassembly. One cell, dedicated to the production of mopeds, has four operations: machining, finishing, assembly, and qualifying (testing). The machining process is automated, using computers. In this process, the model’s frame and engine are constructed. In finishing, the frame is sandblasted, buffed, and painted. In assembly, the frame and engine are assembled. Finally, each model is tested to ensure operational capability. For the coming year, the moped cell has the following budgeted costs and cell time (both at theoretical capacity): Budgeted conversion costs $5,541,120 Budgeted materials $18,668,000 Cell time 35,520 Theoretical output 17,760 models During the year, the following actual results were obtained: Actual conversion costs $5,541,120 Actual materials $4,009,000…
Info from image "ACC PT1" can be applied to image "ACC PT2" and (b) below is ssociated with image "ACC PT2" (b) Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply The predetermined overhead rate changed.unanswered The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.unanswered The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.unanswered
Assignment 7.1: Session 7 Comprehensive Problem (Chapter 9) This section has a nine-part comprehensive problem with multiple questions to address. Download the Chapter 9 Comprehensive Problem Template below to complete all parts. You will need your Bergevin and MacQueen book for reference. Redlands Inc. reported standard and actual costs for the product that it manufactures: Item Standard Actual Direct material price $3 per lb. $2 per lb. Direct materials quantity 2 lbs. 4 lbs. Direct labor price $5 $7 Direct labor quantity 3 hours 2 hours Factory overhead cost $2 per machine hour ---- Machine hours per unit 2 machine hours 3 machine hours Number of finished products made 10 12 Number of finished products sold 10 11 Sales per unit $40 $40 * Redlands used machine hours to apply factory overhead costs. The company incurred $90 actual total factory overhead costs to make the 12 products. 1. Standard product cost Item Price Quantity Total Direct materials…
Spring 2021 : Cost Accounting - ACT208 Dashboard My courses ACT208 (S21) Najay Murray - Notes Discussion Question 1 Discussion Question 1 Search Search forums Discussion Question 1 Discussion Question 1 Settings Display mode Display replies flat, with oldest first Display replies flat, with newest first Display replies in threaded form Display replies in nested form Discussion Question 1 by Najay Murray - Thursday, 21 January 2021, 12:12 AM Number of replies: 9 Within the costing system of a manufacturing company the following types of expenses were incurred: Cost of oils used to lubricate production machinery Motor vehicle licenses for lorries Depreciation of factory plant and equipment Cost of chemicals used in the laboratory Commission paid to sales representatives Salary of the secretary to the finance director Trade discount given…
Assignment 7.1: Session 7 Comprehensive Problem (Chapter 9) Instructions This section has a nine-part comprehensive problem with multiple questions to address. Download the Chapter 9 Comprehensive Problem Template below to complete all parts. You will need your Bergevin and MacQueen book for reference. Redlands Inc. reported standard and actual costs for the product that it manufactures: Item Standard Actual Direct material price $3 per lb. $2 per lb. Direct materials quantity 2 lbs. 4 lbs. Direct labor price $5 $7 Direct labor quantity 3 hours 2 hours Factory overhead cost $2 per machine hour ---- Machine hours per unit 2 machine hours 3 machine hours Number of finished products made 10 12 Number of finished products sold 10 11 Sales per unit $40 $40 * Redlands used machine hours to apply factory overhead costs. The company incurred $90 actual total factory overhead costs to make the 12 products. Based on the information above, complete the following: 1.…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Radz Company has two support departments (Administration and Janitorial) and three producing departments (Fabricating, Assembly, and Finishing). Costs and activities are as follows: Administration Janitorial Fabricating Assembly Finishing direct cost $60000 $55000 $40000 $50000 $25000 number of employees 10 30 40 20 square feet 2000 1000 28000 15000 direct labour hours 5000 6000 1000 machine hours 1000 2000 5000 Administrative services are allocated based on the number of employees; janitorial services are allocated based on square footage. Overhead rates for the Fabricating and Assembly producing departments are based on direct labor hours while for Finishing department rate is based on machine hours. A recent job QW8 had the following…
Check my workCheck My Work button is now enabled1 Item 3 Item 3 Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Cost added during May $ 83,475 $ 40,310 $ 137,025 Equivalent units of production 15,900 14,500 14,500 Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.)
Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Labor time to repair products under warrantyb. Design 2. TV commercial spotsc. Production 3. Labor costs of fi lling customer ordersd. Marketing 4. Testing of competitor’s producte. Distribution 5. Direct manufacturing labor costsf. Customer service 6. Development of order tracking system forthe Internet7. Printing cost of new product brochures8. Hours spent designing childproof bottles9. Training costs for representatives to staff the customer call center10. Installation of robotics equipment in manufacturing plant
Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) B300 T500 Total Product margin $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.) B300 T500 Total Product margin $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…
Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations. Activity Driver Quantity Wafer A Wafer B 7. Inserting dies Number of dies 2,200,000 0.7 0.3 8. Purchasing materials Number of purchase orders 1,900 0.2 0.8 1. Developing test programs Engineering hours 11,500 0.25 0.75 3. Testing products Test hours 20,000 0.6 0.4 ABC assignments $155,000 $155,000 Total overhead cost $310,000 Required: 1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting dies cost pool $ 186,000…