50.1K

Verified Solution

Link Copied!

Please answer all, thank you

all are one question because same information will be used.

The following information is for the month of November 2021 : \#16) - Prepare a Performance Report based on 600 units of production. VARIANCE ANALYSIS: \#17) - Based on the below information, prepare the Raw Materials Price Variance and the Raw Materials Usage Variance: Raw Materials: Budget: 10yds@$11/ydx600units Actual: 6100yds@\$10.50/yd \#18) - Based on the below information.prepare the Direct Labor Rate Variance and the Direct Labor Efficiency Variance: Direct Labor: \begin{tabular}{|l|l|} \hline Budget: & 1hrs@$30/hr600 units \\ \hline Actual: & 700hrs@$29/hr \\ \hline \end{tabular} \#18) - Based on the below information, prepare the Direct Labor Rate Variance and the Direct Labor Efficiency Variance: Direct Labor: Budget: 1 hrs @ $30/hr600 units Actual: 700hrs@$29/hr \#19) - Based on the below information, prepare the Variable Overhead Spending Variance and the Variable Overhead Efficiency Variance: Variable OH : \begin{tabular}{|l|l} \hline Budget: & 2 hrs @$6/hr600 units \\ \hline Actual: & 1,100hrs@$7.00/hr \end{tabular} \#20) - Based on the below information, prepare the Fixed Overhead Budget Variance and the Fixed Overhead Volume Variance: Total Budget Fixed OH for month 39,000 Budget Total budgeted labor hrs for the month (600 units @ 6.5 hrs/unit) 3,900 hrs Predetermined FOH rate (POHR) 10 per DL hr Actual FOH for month 40,000 Actual Actual production for month 600 Units Standard DL Hrs Allowed for actual production for month (600 units @ 7hrs/unit) 4,200hrs Applied FOH (3,900 DL hrs x \$10 DL hr) 42,000 Applied

Answer & Explanation Solved by verified expert

See Answer