Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. per set of covers $ 13.50 4.20 total direct materi

Per Set of Covers $ 13.50 4.20 Total Direct materials $ 27,675 Direct labor $...

80.2K

Verified Solution

Question

Accounting

image
Per Set of Covers $ 13.50 4.20 Total Direct materials $ 27,675 Direct labor $ 8,610 Variable manufacturing overhead (based on direct labor-hours) $ 4,920 2.40 $ 20.10 During August, the factory worked only 750 direct labor-hours and produced 1,500 sets of covers. The following actual costs were recorded during the month Direct materials (3,900 yards) Direct labor Variable manufacturing overhead Total $ 19,500 $ 6,600 $ 4,800 Per Set of Covers $ 13.00 4.40 3.20 $20.60 At standard, each set of covers should require 18 yards of material. All of the materials purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for August 2. Compute the labor rate and efficiency variances for August 3. Compute the variable overhead rate and efficiency variances for August (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect fi.e., zero variance). Input all amounts as positive values.) 1. Materials price variance 1. Materials quantity variance 2 Laborrate variance 2 Labor efficiency variance 3. Variable overhead rate variance 3. Variable overhead officiency variance

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!
Become a Member

Other questions asked by students

Q

?(Individual or component costs of capital?) Compute the cost of the? following: a. A bond that has...

Finance
Q

Discuss what is meant bg the following paradigm of all life: DNA >RNA>PROTEIN

Medical Sciences
Q

Usain Bolt, a world champion sprinter, can run a 10-meter split in 0.82 seconds. Say you...

Biology
Q

Q3 Examine the differences in characteristics between the formal group and the informal group. Give examples...

Psychology
Q

prove that every integer greater than 2 can be broken into sum of multiples of 2...

Advance Math
Q

Diagonalize the matrix (That is, find a diagonal matrix D and an invertible matrix P such...

Advance Math
Q

How does the human body return carbon to the atmosphere in the carbon cycle Formation...

Biology
Q

C BIOL1001 P Biology II Evolution Ecology building a cladogram to udy the evolution ou...

Biology
Q

Change the exponential statement to an equivalent statement involving a logarithm 1 9 a 02...

Basic Math
Q

Find all the real zeros of the following polynomial.Provide your answer below:X =f(x) = x55x...

Basic Math
Q

10 9 X g x 4 3 J 4 10 2 A 7 6 5...

Algebra
Q

advantages of using accrual basis of accounting

Accounting