Mary correctly completed the material variances for the lamp shades and the overhead variences. Her work...
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Mary correctly completed the material variances for the lamp shades and the overhead variences. Her work is correct however, in reviewing her work the standards were crossed out. The total material price variance for the lamp shades purchased: The variable overhead efficiency variance: The variable OH spending variance: The fixed OH volume (denominator) variance: The fixed OH spending variance: What was the standard cost of a Lamp Shade? 55555 $ 720.00 Favorable $ 185.22 Unfavorable $ 163.80 Favorable $ 120.12 Unfavorable $ 726.61 Favorable (21.01) What was the standard cost per lamp for the variable overhead? (21.02) What was the budgeted fixed overhead? What was the standard cost per lamp for the fixed overhead? What was the monthly expected production of customized lamps that was used to determine the standard fixed overhead rate? (21.03) (21.04) (21.05) How many Lamps were completed? Note: Show favorable variances as negative numbers What was the total material price variance for the figurines purchased? What was the material usage variance for figurines? What was the material price variance for the electrical components? What was the material usage variance for electrical components? What was the direct labor efficiency variance? What was the direct labor rate variance? Round dollars to two places, $##.## (20.01) (20.02} (20.03) (20.04} (20.05) (20.06} Mary correctly completed the material variances for the lamp shades and the overhead variences. Her work is correct however, in reviewing her work the standards were crossed out. The total material price variance for the lamp shades purchased: The variable overhead efficiency variance: The variable OH spending variance: The fixed OH volume (denominator) variance: The fixed OH spending variance: What was the standard cost of a Lamp Shade? 55555 $ 720.00 Favorable $ 185.22 Unfavorable $ 163.80 Favorable $ 120.12 Unfavorable $ 726.61 Favorable (21.01) What was the standard cost per lamp for the variable overhead? (21.02) What was the budgeted fixed overhead? What was the standard cost per lamp for the fixed overhead? What was the monthly expected production of customized lamps that was used to determine the standard fixed overhead rate? (21.03) (21.04) (21.05) How many Lamps were completed? Note: Show favorable variances as negative numbers What was the total material price variance for the figurines purchased? What was the material usage variance for figurines? What was the material price variance for the electrical components? What was the material usage variance for electrical components? What was the direct labor efficiency variance? What was the direct labor rate variance? Round dollars to two places, $##.## (20.01) (20.02} (20.03) (20.04} (20.05) (20.06}
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Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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