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: | 398 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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.
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------