Question: ANSWER ALL 4 PARTS! 1 0 0 % correctly for m y exam. Please d o ASAP! Aso, I provided you with the answers for

ANSWER ALL 4 PARTS! 100% correctly for my exam. Please do ASAP! Aso, I provided you with the answers for the first drop down box for whatever question it may be.
Pro Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2025, using 142,000 square feet of extruded vinyl purchased at?(??$1.45??) per square foot. Production required 440 direct labor hours that cost ?(??$17.00??) per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of?(??$1.50??) per square foot. The labor standard was 0.028 direct labor hour per fender, at a standard cost of?(??$16.00??) per hour.
Read the requirement.
Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor. (Abbreviations used: ?(AC)=?? actual cost; ?(AQ)=?? actual quantity; FOH = fixed overhead; SC= standard cost; SQA = standard quantity allowed. Label the variance as favorable (F)or unfavorable (U),in the input field after the amount you enter.)
Pro Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2025, using 142,000 square feet of extruded vinyl purchased at $1.45 per square foot.
Production required 440 direct labor hours that cost $17.00 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.50 per
square foot. The labor standard was 0.028 direct labor hour per fender, at a standard cost of $16.00AC= actual cost; AQ=
actual quantity; FOH = fixed overhead; SC= standard cost; SQA = standard quantity allowed. Label the variance as favorable (F)or unfavorable (U),in the input field after the
amount you enter. Formula
Direct materials cost variance
Direct labor cost variance =
,(AC-SC)AQ
,(AC-SC)SQA
,(AQ-SQA)AC
,(AQ-SQA)SC
Actual FOH - Allocated FOH
Actual FOH - Budgeted FOH
Bugeted FOH - Allocated FOH
ANSWER ALL 4 PARTS! 1 0 0 % correctly for m y

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!