please, look at image. E8-34 (similar to)Question HelpSteven Roberts is a cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Roberts feels that manufacturingoverhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used.E (Click the icon to view the standards.)E (Click the icon to view the actual results for April.)Read the requirements.Requirement 1. For the month of April, compute the variances, indicating whether each is favorData TableData TableBefore computing the variances complete the tables below. Begin by completing the table for dirActual Input Qty. × BudgetedPriceAt the beginning of 2017, DDC budgeted annual production of 450,000 doorknobsand adopted the following standards for each doorknob:Actual results for April 2017 were as follows:FlexibleBudgetActual CostsIncurredPurchasesUsageProduction28,000 doorknobsInputCost/DoorknobDirect materialsDirect materials purchased12,200 lb. at $12/lbDirect materials (brass)0.3 lb. @ $11/Ib.3.30Direct materials used7,500 lbs.Direct manufacturing labor1.2 hours @ $19/hour22.80Direct manufacturing labor29,500 hours for $649,000Variable manufacturing overhead$6/lb x 0.3 lb.1.80Variable manufacturing overhead$64,200Fixed manufacturing overhead$14/lb. x 0.3 lb.4.20Fixed manufacturing overhead$161,000$32.10Standard cost per doorknobPrintDonePrintDoneEnter any number in the edit fields and then click Check Answer.?

Actual Costs Incurred = Actual Direct material Purchased * Actual Price Direct material Purchased =…

Steven Roberts is a cost accountant and business analyst for Dapper Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two direct-cost categories: direct materials and direct manufacturing labor. Roberts feels that manufacturing overhead is most closely related to material usage. Therefore, DDC allocates manufacturing overhead to production based upon pounds of materials used. E (Click the icon to view the standards.) E (Click the icon to view the actual results for April.) Read the requirements Requirement 1. For the month of April, compute the variances, indicating whether each is favor i Data Table - X A Data Table - X Before computing the variances complete the tables below. Begin by completing the table for dir Actual Input Qty. x Budgeted Price At the beginning of 2017, DDC budgeted annual production of 450,000 doorknobs and adopted the following standards for each doorknob: Actual results for April 2017 were as follows: Actual Costs Incurred Flexible Purchases Usage Budget Production 28,000 doorknobs Input Cost/Doorknob Direct materials Direct materials purchased 12,200 Ib. at $12/lb. Direct materials (brass) 0.3 Ib. @ $11/lb. 3.30 Direct materials used 7,500 Ibs. Direct manufacturing labor 1.2 hours @ $19/hour 22.80 Direct manufacturing labor 29,500 hours for $649,000 Variable manufacturing overhead $6/lb x 0.3 lb. 1.80 Variable manufacturing overhead $64,200 4 20 Fixed manufacturing overhead $161,000 Fixed manufacturing overhead $14/lb. x 0.3 lb. 32.10 Standard cost per doorknob Print Done Print Done

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.10E: Amounts for materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses...