Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Jan 2018 My Price 8.00

Bertgon Manufacturing

MATERIALS, LABOR, AND OVERHEAD VARIANCES Bertgon Manufacturing has the following standard cost sheet for one of its products:

Direct materials (6 ft. @ $5)

$30

Direct labor (1.5 hrs. @ $10)

15

Fixed overhead (1.5 hrs. @ $2*)

3

Variable overhead (1.5 hrs. @ $4*)

6

Standard unit cost

$54

During the most recent year, the following actual results were recorded:

Production

12,000 units

Fixed overhead

$33,000

Variable overhead

$69,000

Direct materials (71,750 ft. purchased)

$361,620

Direct labor (17,900 hrs.)

$182,580

Required:

Compute the following variances:

1. Direct materials price and usage variances.

2. Direct labor rate and efficiency variances.

3. Variable overhead spending and efficiency variances.

4. Fixed overhead spending and volume variances.

Answers

(5)
Status NEW Posted 13 Jan 2018 09:01 PM My Price 8.00

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