Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 11.00

Peaceful Corporation

Peaceful Corporation manufactures figurines based on the following information.

Standard costs $20  
Materials (4 ounces at $5) $8  
Direct labor (1 hour per unit) $4  
Variable overhead (based on direct labor hours)    
Fixed overhead budget   $19,000
Actual results and costs    
Materials purchased    
Units 9,000  
Cost $39,600  
Materials used in production    
Finished product units 2,000  
Raw material (ounces) 8,200  
Direct labor hours 2,000  
Direct labor cost $20,000  
Variable overhead costs $5,980  
Fixed overhead costs $19,500  

Required:

  1. Prepare a performance report for Peaceful using the following headings.
    1. Actual Production Costs
    2. Flexible Budget Costs
    3. Flexible Budget Variances
  2. Compute the following variances (show calculations).
    1. Materials usage variance
    2. Labor rate variance
    3. Labor efficiency variance
    4. Variable overhead spending variance
    5. Variable overhead efficiency variance
    6. Fixed overhead budget variance
  3. Give one possible explanation for each of the six variances computed in part b.

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 04:08 PM My Price 11.00

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