Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100 Master production budget Direct materials $ 241,560 Direct labor 204,960 Overhead 283,650 Standard costs per unit Direct materials $ 3.96 per liter 5 liters per unit of output Direct labor $ 33.60 per hour 0.50 hour per unit Variable overhead $ 30.50 per direct labor-hour Actual costs Direct materials purchased and used $ 246,480 (63,200 liters) Direct labor 183,312 (5,360 hours) Overhead 292,000 (58% is variable) Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volum
Anthon Corporation has provided the following information regarding last month's activities. Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volume variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option
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!
Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 11,100 Master production budget Direct materials $ 241,560 Direct labor 204,960 Overhead 283,650 Standard costs per unit Direct materials $ 3.96 per liter 5 liters per unit of output Direct labor $ 33.60 per hour 0.50 hour per unit Variable overhead $ 30.50 per direct labor-hour Actual costs Direct materials purchased and used $ 246,480 (63,200 liters) Direct labor 183,312 (5,360 hours) Overhead 292,000 (58% is variable) Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volum