Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 13.00

Blomdahl Corporation

Blomdahl Corporation makes a product with the following standard costs:

Inputs Standard Quantity
or Hours		 Standard Price
or Rate
Direct materials   5.2 kilos $ 6.00 per kilo
Direct labor   0.3 hours $ 22.00 per hour
Variable overhead   0.3 hours $ 2.00 per hour
The company reported the following results concerning this product in October.
 
Actual output   8,100 units
Raw materials used in production   43,130 kilos
Actual direct labor-hours   2,570 hours
Purchases of raw materials   46,700 kilos
Actual price of raw materials $ 5.70 per kilo
Actual direct labor rate $ 23.70 per hour
Actual variable overhead rate $ 1.80 per hour

The materials price variance is recognized when materials are purchased. Variable overhead is applied on the basis of direct labor-hours.

 

a. computer the materials quantity variance

b. materials price variance

c. computer the labor efficiency variance

d. compute the labor rate variance

e. compute the variable overhead efficiency variance

f. compute the variable overhead rate variance

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 12:08 AM My Price 13.00

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