Winterfell Inc., a manufacturing company, has the following standard costs for one unit of production: The planning

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Winterfell Inc., a manufacturing company, has the following standard costs for one unit of production:

The planning budget for the quarter was based on 6,200 units. Actual results for the last quarter were as follows:

Required:

Calculate all the possible variances.

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Introduction to Managerial Accounting

ISBN: 978-1259105708

5th Canadian edition

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

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Question Posted: Oct 25, 2019 11:59 AM

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Winterfell Inc., a manufacturing company, has the following standard costs for one unit of production: The planning

Question:

Direct materials (5 kg @ $6/kg) (3 h @ $15/h) $ 30 Direct labour 45 Factory overhead: Variable (3 DLHS @ $6/DLH) 18 Fixed (3 DLHS @ $12/DLH) 36 Total standard cost $129 Production volume 6,000 units Direct materials (36,000 kg @ $6.30/kg) $226,800 Direct labour (17,800 h @ $15.60/h) 277,680

Step by Step Answer:

1 Alternatively Materials price variance AQ AP SP 36000 kilograms 630 per kilogram 600 per kilogram ...View the full answer

Introduction to Managerial Accounting

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