Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on the...

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Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on the basis of standard costs. The following data are for September: Standards Direct materials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) K4 0.75 pounds at $6.00 per pound 1.25 hours at $24 per hour $19.20 $402,408 17,250 X7 1 pound at $6.60 per pound 1.5 hours at $30 per hour $21.00 $477,360 23,400 14,100 pounds at $6.90 per pound hour $454,212 $475,200 9,300 pounds at $5.40 per pound 14,700 hours at $24.30 per hour 22,200 hours at $30.60 per $291,060 $376,740 12,000 units Required a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product like the one in Exhibit 16.17. 14,400 units Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on the basis of standard costs. The following data are for September: Standards Direct materials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) K4 0.75 pounds at $6.00 per pound 1.25 hours at $24 per hour $19.20 $402,408 17,250 X7 1 pound at $6.60 per pound 1.5 hours at $30 per hour $21.00 $477,360 23,400 14,100 pounds at $6.90 per pound hour $454,212 $475,200 9,300 pounds at $5.40 per pound 14,700 hours at $24.30 per hour 22,200 hours at $30.60 per $291,060 $376,740 12,000 units Required a. Prepare a variance analysis for each variable cost for each product. b. Prepare a fixed overhead variance analysis for each product like the one in Exhibit 16.17. 14,400 units

Answer rating: 100% (QA)

ANSWER a Direct materials K4 9300 pounds 540 per pound 12000 units 075 pounds ... View the full answer