Cost of Goods Sold (at standard) Sales Revenue (at standard) Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Fixed Overhead Cost Variance Direct Labor Efficiency Variance Variable Overhead Efficiency Variance Fixed Overhead Volume Variance Selling and Administrative Expenses Variable Overhead Cost Variance $ 19,500 F 3,300 U 12,500 F 71,000 $ 366,000 570,000 7,200 U 2,700 U 42,000 U 1,700 F 2,100 F
Cost of Goods Sold (at standard) Sales Revenue (at standard) Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Fixed Overhead Cost Variance Direct Labor Efficiency Variance Variable Overhead Efficiency Variance Fixed Overhead Volume Variance Selling and Administrative Expenses Variable Overhead Cost Variance $ 19,500 F 3,300 U 12,500 F 71,000 $ 366,000 570,000 7,200 U 2,700 U 42,000 U 1,700 F 2,100 F
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3PB: Direct materials, direct labor, and factory overhead cost variance analysis Road Gripper Tire Co....
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Preparing a
Use the following information to prepare a standard cost income statement for Mitchell Company. for 2018.
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