0 Required information The following information applies to the questions disp/ayed below] Antuan Company set...
90.2K
Verified Solution
Link Copied!
Question
Accounting
0 Required information The following information applies to the questions disp/ayed below] Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. 0 $6.00 per Ib.) Direct labor (1.7 hrs. $11.00 per hr.) Overhead (1.7 hrs. $18.50 per hr.) Total standard cost $24.00 18.70 31.45 74.15 The predetermined overhead rate $18.50 per direc labor hour) is based on an expected volum e of 75% of the factory' s capacity of 20.000 units per month. Following are the company's budgeted overhead cost the 75% capacity level. Variable overhead costs Indirect materials Indirect labon Powen Repains and maintenance Total variable overhead costs 15, 000 75,000 15,000 30,800 $135 000 Fixed overhead costs Deprecition Building Depreciation Hachineny Taxes and insurance Supervision Total fixed overhead costs 23,000 70,000 18,009 225,750 Total overhead costs $471.750 The company incurred the following actual costs when it operated at 75% of capacity in October Direct materials (61,000 Ibs. $5.10 per 1b.) $872.100 4. Compute the direct labor cost variance, including its rate and efficiency variances AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost Standard Cost
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
