The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
direct materials, direct labor, and factory overhead cost variance
Â
Adamantane Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 15,000 units of product were as  follows:
Â
|
 |
Standard Costs |
actual Costs |
|
Direct materials Direct labor Factory overhead |
5,000 lbs. at $50.00 3,000 hrs. at $25.00 Rates per direct labor hr., |
4,950 lbs. at $50.60 2,945 hrs. at $25.60 |
|
 |
based on 100% of normal |
 |
|
 |
capacity of 3,200 direct |
 |
|
 |
labor hrs.: |
 |
|
 |
Variable cost, $5.50 |
$16,680 variable cost |
|
 |
Fixed cost, $4.00 |
$12,800 fixed cost |
Each unit requires 0.2 hour of direct   labor.
instructions
Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time vari- ance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll