Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor...

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Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) May 2017 Units Actual Results 525 Price Variance Actual Input Qty x Budgeted Price www wavuving.www.wwwny na peng price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) Actual Results May 2017 Units Direct materials Direct labor Total variance 525 10,920 9,586.50 Price Variance 1,365 U 115.50 U 1,480.50 U Actual Input Qty x Budgeted Price 9,555 9,471 The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor EEE (Click the icon to view the standards.) The number of finished units budgeted for January 2017 was 10,000; 9,850 units were actually produced. EEB (Click the icon to view actual data.) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Requirement 1. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Let's begin by calculating the actual input at the budgeted price. (Round your answers to the nearest whole dollar.) Actual input 98,000 96,000 4,700 X Budgeted price 4.50 4.50 32 x X CODE X Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. Cost 441,000 432,000 150,400 . Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budght and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) May 2017 Units Direct materials Direct labor Total variance Rext pages Actual Results Get more help. 525 10,920 9,586.50 Price Variance 1,365 U 115.50 U 1,480.50 U Actual Input Qty x Budgeted Price 9,555 9,471 Clear all Final check The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor (Click the icon to view the standards.) The number of finished units budgeted for January 2017 was 10,000; 9,850 units were actually produced. EE (Click the icon to view actual data.) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Requirement 1. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Let's begin by calculating the actual input at the budgeted price. (Round your answers to the nearest whole dollar) Actual input 98,000 96,000 4,700 X Budgeted price 4.50 4.50 32 X x SICCEE X M = Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. W Cost 441,000 432,000 150,400 The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) vt nonee Requirements 1. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Prepare journal extries to record the variances in requirement 1. 2. 3. Got Assume that there was no beg materials or finished units. Dur purchased amounted to 100,00 Input price variances are isolat Joput officione variances are is - X nts. Comment on the January 2017 price and efficiency variances of Schuyler Corporation. 4. Why might Schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time? Print Done et manufactur hole dollar.) K Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name c Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirements 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? 2. Comment on the May 2017 results. Would you continue the "experiment" of using the new material? Print Done X ter 7 Homework K Read the requirements. Question 2, E7-28 (book/static) Part 1 of 4 Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information) May 2017 Units Direct materials Direct labor Total variance Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) Actual Results HW Score: 31.78%, 0.95 of 3 points O Points: 0 of 1 525 10.920 9,586,50 Price Variance 1,365 U 115.50 U 1,480.50 U Save Actual Input Qty x Budgeted Price 9,555 9,471 Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) May 2017 Units Actual Results 525 Price Variance Actual Input Qty x Budgeted Price www wavuving.www.wwwny na peng price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) Actual Results May 2017 Units Direct materials Direct labor Total variance 525 10,920 9,586.50 Price Variance 1,365 U 115.50 U 1,480.50 U Actual Input Qty x Budgeted Price 9,555 9,471 The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor EEE (Click the icon to view the standards.) The number of finished units budgeted for January 2017 was 10,000; 9,850 units were actually produced. EEB (Click the icon to view actual data.) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Requirement 1. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Let's begin by calculating the actual input at the budgeted price. (Round your answers to the nearest whole dollar.) Actual input 98,000 96,000 4,700 X Budgeted price 4.50 4.50 32 x X CODE X Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. Cost 441,000 432,000 150,400 . Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budght and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) May 2017 Units Direct materials Direct labor Total variance Rext pages Actual Results Get more help. 525 10,920 9,586.50 Price Variance 1,365 U 115.50 U 1,480.50 U Actual Input Qty x Budgeted Price 9,555 9,471 Clear all Final check The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor (Click the icon to view the standards.) The number of finished units budgeted for January 2017 was 10,000; 9,850 units were actually produced. EE (Click the icon to view actual data.) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Requirement 1. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Let's begin by calculating the actual input at the budgeted price. (Round your answers to the nearest whole dollar) Actual input 98,000 96,000 4,700 X Budgeted price 4.50 4.50 32 X x SICCEE X M = Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. W Cost 441,000 432,000 150,400 The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) vt nonee Requirements 1. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Prepare journal extries to record the variances in requirement 1. 2. 3. Got Assume that there was no beg materials or finished units. Dur purchased amounted to 100,00 Input price variances are isolat Joput officione variances are is - X nts. Comment on the January 2017 price and efficiency variances of Schuyler Corporation. 4. Why might Schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time? Print Done et manufactur hole dollar.) K Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name c Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information.) Read the requirements. Requirements 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? 2. Comment on the May 2017 results. Would you continue the "experiment" of using the new material? Print Done X ter 7 Homework K Read the requirements. Question 2, E7-28 (book/static) Part 1 of 4 Rugged Life, Inc. designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: (Click the icon to view the data.) (Click the icon to view additional information) May 2017 Units Direct materials Direct labor Total variance Requirement 1. Calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017. What is the total flexible-budget variance for both inputs (direct materials and direct manufacturing labor) combined? What percentage is this variance of the total cost of direct materials and direct manufacturing labor in the flexible budget? Begin by calculating the direct materials and direct manufacturing labor price and efficiency variances in May 2017. Complete the actual results, price variance, and cost columns, then the efficiency variance and flexible budget columns. Label each variance as favorable or unfavorable. (Round all answers to the nearest cent.) Actual Results HW Score: 31.78%, 0.95 of 3 points O Points: 0 of 1 525 10.920 9,586,50 Price Variance 1,365 U 115.50 U 1,480.50 U Save Actual Input Qty x Budgeted Price 9,555 9,471

Answer rating: 100% (QA)

Answer 1 11 To calculate the direct materials and direct manufacturing labor price and efficiency variances in May 2017 well use the following formulas i Direct Materials Price Variance Actual Price B... View the full answer