Requirements: -Total number of actual direct manufacturing labor-hours used -Total number of standard direct manufacturing...
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Accounting
Requirements:
-Total number of actual direct manufacturing labor-hours used
-Total number of standard direct manufacturing labor-hours allowed for the units produced
-Production-volume variance
The Pallo Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct-cost categories (direct materials and direct manufacturing laborboth variable) and two overhead-cost categories (variable manufacturing overhead and fixed manufacturing overhead, both allocated using direct manufacturing labor-hours). The following actual results are for August: (Click the icon to view the results.) Some additional information about Gallo Company's budget, standard co A (Click the icon to view additional information.) Data table Read the requirements $180,400 F $759.000 U Direct materials price variance (based on purchases) Direct materials efficiency variance Direct manufacturing labor costs incurred Variable manufacturing overhead flexible-budget variance Variable manufacturing overhead efficiency variance Fixed manufacturing overhead incurred 451,000 10,650 U 18,600 U 707,500
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