Question: 1. Calculate the direct materials quantity variance for March 2. ) Calculate the direct labor efficiency variance for March. 3. Calculate the variable overhead spending

 1. Calculate the direct materials quantity variance for March 2. )Calculate the direct labor efficiency variance for March. 3. Calculate the variable

1. Calculate the direct materials quantity variance for March

2. ) Calculate the direct labor efficiency variance for March.

3. Calculate the variable overhead spending variance for March. (Round per unit value to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

4. Calculate the variable overhead efficiency variance for March. (Round answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

5. Calculate the fixed overhead spending variance for March. (Round per unit value to 2 decimal places, e.g. 52.75 and final answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Carson Construction Consultants performs cement core tests inits Greenville laboratory. The following standard costs for the tests have been developed by the company's controller, Landon Carson, based on performing 2.100 core tests per month, Standard Price Standard Quantity 4 pounds Standard Cost $2.00 Direct materials $0.50 per pound Direct labor $10 per DLH 0.50 DLH 5.00 Variable overhead $9 per DLH 0.50 DLH 450 Fixed overhead $16 per DLH 0.50 OLH 8.00 Total standard cost per test $19.50 At the end of March, London reported the following operational results: The company actually performed 2.250 core tests during the month. 8,500 pounds of direct materials were purchased during the month at a total cost of $5,600. 6,300 pounds of direct materials were used to conduct the core tests. 850 direct labor hours were worked at a total cost of $9,775. Actual variable overhead was $7.800. Actual fixed overhead was $15.750

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!