The budgeted fixed factory overhead is P 14,400 for a normal monthly production of 180 sacks...

Transcribed Image Text:

The budgeted fixed factory overhead is P 14,400 for a normal monthly production of 180 sacks of Sabong Pulbos. During the month, S. Fortunato Soap produced 160 sacks of Sabong Pulbos. The actual costs were: Material purchased and used - 7,700 kilos At P73 per kilo Labor- 650 hours at P38 per hour Factory overhead: Total actual cost Fruits Santol Mango Pineapple Tamarind Requirements a. The materials cost variances are: b. The labor cost variances are c. The factory overhead cost variances are Problem 6: Calzada Company produces Four-Season Drinks by mixing juices of four fruits in season. The standard costs and input for a 50-liter batch of the juice are as follows: Fixed factory overhead Variable overhead Fruits Santol Mango Pineapple Tamarind Standard Input Quantity in Liters 20 10 P 562,100 24,700 14,400 20,800 P 622,000 The quantities purchased and used during the current month are shown below. A total of 14 batches were produced during the month. Quantity Purchased Purchase Quantity Used Standard Cost Per liter P 10.00 21.25 7.50 15.00 (Liters) 30 150 350 80 1.450 Total Standard Cost P 200.00 212.50 187.50 75.00 P 675.00 Quantity in Purchased Purchase Quantity Used Price P 9.50 22.00 7.20 15.40 Requirements a. How much is the total materials cost variance? b. The materials purchase price variance is c. The materials usage price variance is (Liters) 1 200 10 150 75 75 7.75 The budgeted fixed factory overhead is P 14,400 for a normal monthly production of 180 sacks of Sabong Pulbos. During the month, S. Fortunato Soap produced 160 sacks of Sabong Pulbos. The actual costs were: Material purchased and used - 7,700 kilos At P73 per kilo Labor- 650 hours at P38 per hour Factory overhead: Total actual cost Fruits Santol Mango Pineapple Tamarind Requirements a. The materials cost variances are: b. The labor cost variances are c. The factory overhead cost variances are Problem 6: Calzada Company produces Four-Season Drinks by mixing juices of four fruits in season. The standard costs and input for a 50-liter batch of the juice are as follows: Fixed factory overhead Variable overhead Fruits Santol Mango Pineapple Tamarind Standard Input Quantity in Liters 20 10 P 562,100 24,700 14,400 20,800 P 622,000 The quantities purchased and used during the current month are shown below. A total of 14 batches were produced during the month. Quantity Purchased Purchase Quantity Used Standard Cost Per liter P 10.00 21.25 7.50 15.00 (Liters) 30 150 350 80 1.450 Total Standard Cost P 200.00 212.50 187.50 75.00 P 675.00 Quantity in Purchased Purchase Quantity Used Price P 9.50 22.00 7.20 15.40 Requirements a. How much is the total materials cost variance? b. The materials purchase price variance is c. The materials usage price variance is (Liters) 1 200 10 150 75 75 7.75

Answer rating: 100% (QA)

To calculate the materials cost variances labor cost variances and factory overhead cost variances we need to compare the actual costs with the standard costs Materials Cost Variances Standard cost of ... View the full answer