1. We are analyzing 2 products – product Hamburgers(HB)and Double Deckers(DD)
   • Product HB requires 1 Patty (P) and 2 Buns (B)
   • Product Y requires 2 Patties (P) and 3 Buns B)
   • The standard cost for P is $1 per unit.
   • The standard cost for B is $0.50 per unit.
   • During this month, the company purchased 5,000 Ps for $4,950 (there was no beginning balance).
   • During this month, the company purchased 5,000 units of Bs for $2,600. (there was no beginning balance).
   • During the month the company produced 500 HBs and 1000 DDs.
   • During the month the company used 2520 units of Ps and 3975 units of Bs.
   • Payroll was $315, with 16 hours (this is actual - direct labor only).
   • Each burger requires 1/100 of an hour for Direct Labor
   • Labor standard cost is $20 per hour.

hint: for production of both X and Y

Questions 1-27: Find: Direct labor Total Variance (fav/unf), Patty - Use (Quantity) Variance, P - Price Variance (fav/unf), Buns-- Actual Cost (total), DL -- Flex Budget, Rate Variance (Labor Price), B- Flex Budget, P - Direct Material Total Variance (Fav/Unf), P - Flex Budget , DL Efficiency Variance (Labor Quantity), P - Direct Material Total Variance, P - Actual Cost (total) , Rate (Labor Price) Variance (fav/unf), B - Standard Cost (Total), DL - Efficiency (labor quantity) variance (fav/unf), B - Use variance (Fav/Unf), DL - Actual Cost (Total), B - Direct Material Total Variance, P - Use (Quantity) Variance (fav/unf), DL Total Variance, B - Use (Quantity) Variance, B - Direct Material Total Variance (fav/unf), B - Price Variance (fav/unf), B - Price Variance, P - Price Variance, P - Standard Cost (total), DL - Standard Cost (Total), Using Direct Labor Hours, what is the total allocation of overhead costs to HB using the "traditional" method?

2.Use the information given in Problem I.

Use standard cost information for all calculations except as noted below.

Department	$Costs	Activity Cost Driver
Frying	$375	Patties
Baking	$480	Buns

Questions

What is the Total Unit ABC Cost of HB?, Using Direct Labor Hours, what is the allocation rate using the "traditional" method?, Using Direct Labor Hours, what is the total unit cost of DD using the "traditional" method?, What is the Overhead Unit ABC Cost of DD?, What is the Direct Labor Cost per unit for HB (using standards), What is the Direct Material Cost per unit for HB (using standards), What is the ABC allocation of Frying Cost to HB?, What is the ABC allocation of Baking Cost to DD?, What is the Direct Material Cost per unit for DD (using standards), What is the Total Unit ABC Cost of DD?, What is the ABC allocation of Baking Cost to HB?, What is the ABC allocation Rate for Baking?, Using Direct Labor Hours, what is the total allocation of overhead costs to DD using the "traditional" method?, What is the ABC allocation Rate for Frying?, What is the Direct Labor Cost per unit for DD (using standards), What is the ABC allocation of Frying Cost to DD?, What is the Overhead Unit ABC Cost of HB?, Using Direct Labor Hours, what is the total unit cost of HB using the "traditional" method? (round to cents), Using Direct Labor Hours, what is the Over head unit cost of HB using the "traditional" method? (round to cents), Using Direct Labor Hours, what is the Over head unit cost of DD using the "traditional" method?

Answer rating: 100% (QA)

Answer 127 Calculation of Direct Material Price Material Usage and Total Material Variance Direct Material Price Variance Standard Direct Material Price Actual Direct Material Price x Actual Direct Ma... View the full answer