Cascade Incorporated has provided the following information: Standards: Direct materials Direct labor Variable overhead (based on...
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Cascade Incorporated has provided the following information: Standards: Direct materials Direct labor Variable overhead (based on direct labor hours) Fixed overhead Total Budgeted production = 5,000 units Actual results: Direct materials Direct labor Variable overhead Fixed overhead Units produced Required: Per Unit 5 pounds @ $3.50 per pound 2 hours @ $12.00 per hour $ 17.50 24.00 2 hours @ $10.00 per hour 20.00 15.00 $ 76.50 30,100 pounds @ $3.57 11,120 @ $12.55 $ 107,457 139,556 108,420 76,300 5,400 units a. Calculate the direct materials price variance. Note: Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero variance). b. Calculate the direct materials quantity variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). c. Calculate the direct labor rate variance. Note: Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero variance). d. Calculate the direct labor efficiency variance. Note: Do not round Intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). e. Calculate the variable overhead rate variance. Note: Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero variance). f. Calculate the variable overhead efficiency variance. Note: Do not round intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of varlance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). g. Calculate the fixed overhead spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). a. Price Variance b. Quantity Variance c. Rate Variance d. Efficiency Variance e. Rate Variance f. Efficiency Variance g. Spending Variance Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable Unfavorable Cascade Incorporated has provided the following information: Standards: Direct materials Direct labor Variable overhead (based on direct labor hours) Fixed overhead Total Budgeted production = 5,000 units Actual results: Direct materials Direct labor Variable overhead Fixed overhead Units produced Required: Per Unit 5 pounds @ $3.50 per pound 2 hours @ $12.00 per hour $ 17.50 24.00 2 hours @ $10.00 per hour 20.00 15.00 $ 76.50 30,100 pounds @ $3.57 11,120 @ $12.55 $ 107,457 139,556 108,420 76,300 5,400 units a. Calculate the direct materials price variance. Note: Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero variance). b. Calculate the direct materials quantity variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). c. Calculate the direct labor rate variance. Note: Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero variance). d. Calculate the direct labor efficiency variance. Note: Do not round Intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). e. Calculate the variable overhead rate variance. Note: Do not round your Intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero variance). f. Calculate the variable overhead efficiency variance. Note: Do not round intermediate calculations and round your final answer to nearest dollar amount. Indicate the effect of varlance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). g. Calculate the fixed overhead spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (l.e., zero varlance). a. Price Variance b. Quantity Variance c. Rate Variance d. Efficiency Variance e. Rate Variance f. Efficiency Variance g. Spending Variance Unfavorable Unfavorable Unfavorable Unfavorable Favorable Unfavorable Unfavorable
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