90.2K

Verified Solution

Link Copied!

counting Milan Stawy manufactures bust status of famous historical figures. Al are the same size. Each unit requires the same amount of resources. The following information is from the static budget for 2017 Click the loon to view the static budget data) Standard quantities, standard prices, and standard unit cost folow for direct materials and direct manufacturing labor Click the icon to view the data) Read the recent Requirement 1. Cost the sale .... Data Table 6,300 units Expected production and sales Expected selling price per unit $ 740 Total fixed costs $ 1,500,000 Print Done Data Table Standard Quantity Standard Price Standard Unit Cost Direct materials 17 pounds $8 per pound $136 Direct manufacturing labor 3.0 hours $35 per hour $105 During 2017, actual number of units produced and sold was 5,700, at an average selling price of $780. Actual cost of direct materials used was $783,000, based on 72,500 pounds purchased at $10.80 per pou Direct manufacturing labor-hours actually used were 18,000, at the rate of $32.80 per hour. As a result, actual direct manufacturing labor costs were $590,400. Actual fixed costs were $1,230,000. There were no beginning or ending inventories. Print Done Requirements 1. Calculate the sales-volume variance and flexible-budget variance for operating income. 2. Compute price and efficiency variances for direct materials and direct manufacturing labor C Print Done ,842,600

Answer & Explanation Solved by verified expert

See Answer