Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected...
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Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected manufacturing products in the static budget is 50,000 units. Budget Amt Unit (Batches of 100) Variable costs Direct Materials Direct Labor Variable Overhead Fixed Costs Fixed Overhead Total Per Unit 1.75 2,88 0.72 Actual Results Variance1 52000 117000 145600 30160 23920 303680 26000 -4160 -7280 • Direct labor efficiency standard Actual amount of direct labor hours. Actual cost of direct labor -1080 480 Flexible Budget 52000 91000 149760 37440 25000 303200 Using the above table and below additional information, calculate direct labor cost price variance and quantity variance. Additional information for DL: 0.24 DLHr per batch of crayons 10,400 DLHr $145,600 Below is Justin Corp's flexible budget and actual results for making 52,000 units. The company's expected manufacturing products in the static budget is 50,000 units. Budget Amt Unit (Batches of 100) Variable costs Direct Materials Direct Labor Variable Overhead Fixed Costs Fixed Overhead Total Per Unit 1.75 2,88 0.72 Actual Results Variance1 52000 117000 145600 30160 23920 303680 26000 -4160 -7280 • Direct labor efficiency standard Actual amount of direct labor hours. Actual cost of direct labor -1080 480 Flexible Budget 52000 91000 149760 37440 25000 303200 Using the above table and below additional information, calculate direct labor cost price variance and quantity variance. Additional information for DL: 0.24 DLHr per batch of crayons 10,400 DLHr $145,600
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Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
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