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Category > Accounting Posted 19 Dec 2017 My Price 10.00

budgeted and actual information for the Ohio Division f

Silverstream Company makes travel trailers. The following information pertains to the company’s Ohio Division, which manufactures and markets only one model of trailer: the 32-foot Ambassador trailer. Following is budgeted and actual information for the Ohio Division for 2004:

 

 

Budgeted

Actual

 

 

Trailers manufactured in 2004

Trailers sold in 2004

Sales price per trailer

 

Direct materials costs (all variable costs):

            Aluminum

            Steel

            Other

  Total materials costs

 

Direct labor costs (all variable costs)

Variable overhead manufacturing costs

Fixed overhead costs:

          Manufacturing fixed overhead

          Non-manufacturing fixed overhead

 

Per Unit

 

 

 

 

 

 

$4,000

$2,000

$4,000

$10,000

 

$5,000

$8,000

Total

 

1,000

1,000

$45,000

 

 

$4,000,000

$2,000,000

$4,000,000

$10,000,000

 

$5,000,000

$8,000,000

 

$10,000,000

$2,000,000

 

 

800

600

$45,000

 

 

$3,400,000

$1,600,000

$3,800,000

$8,800,000

 

$3,800,000

$6,400,000

 

$11,000,000

$2,100,000

 

Additional information:

The company started the year with no inventory of finished trailers or direct materials.

 

Direct labor standard:                                                   250 hours per trailer

Actual direct labor hours incurred:                                 195,000 hours

The budgeted quantity of aluminum:                               100 lbs. per trailer

The budgeted cost of aluminum:                                    $40 per lb.

The actual quantity of aluminum purchased                    84,000 lbs.

The actual quantity of aluminum used                             82,927 lbs.

 

Calculate the following:

 

A)        The aluminum usage variance.

 

B)        The aluminum price variance, if the price variance is calculated at the time the aluminum is purchased.

 

C)        The aluminum price variance, if the price variance is calculated at the time the aluminum is put into production.

 

D)        The flexible budget variance for aluminum.

 

E)        The flexible budget variance for steel.

           

F)         The direct labor wage rate variance.

 

G)        The direct labor efficiency variance.

 

H)        The flexible budget variance for direct labor.

Answers

CourseLover
(12)
Status NEW Posted 19 Dec 2017 02:12 PM My Price 10.00

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