Please answer CLEAR and ALL parts of the question. Blomdahl...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Please answer CLEAR and ALL parts of the question.
Blomdahl Corporation makes a product with the following standard costs: Inputs. Direct materials Direct labor Variable overhead Standard Quantity or Standard Price Hours or Rate 5.2 kilos $6.00 per kilo 0.3 hours $22.00 per hour 0.3 hours $2.00 per hour The company reported the following results concerning this product in October. Actual output.. Raw materials used in production Actual direct labor-hours Purchases of raw materials. Actual price of raw materials Actual direct labor rate Actual variable overhead rate, 8,100 units 43,130 kilos 2,570 hours 46,700 kilos $5.70 per kilo S23.70 $1.80 per hour per hour The materials price variance is recognized when materials are purchased. Variable overt is applied on the basis of direct labor-hours. Required: a. Compute the materials quantity variance. b. Compute the materials price variance. c. Compute the labor efficiency variance. Continued on next page!!! d. Compute the direct labor rate variance. e. Compute the variable overhead efficiency variance. f. Compute the variable overhead rate 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: Zin AI - Your personal assistant for all your inquiries!
