Budgeted standards for each unit produced are 0.50 pound of direct material at $5.95 per pound...
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Budgeted standards for each unit produced are 0.50 pound of direct material at $5.95 per pound and 10 minutes of direct labor at $21.90 per hour. AH Actual Hours SH= Standard Hours AR Actual Rate SR Standard Rate AQ=Actual Quantity SQ=Standard Quantity AP= Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost Standard Cost < Required 1 Reen Budgeted standards for each unit produced are 0.50 pound of direct material at $5.95 per pound and 10 minutes of direct labor at $21.90 per hour. AH Actual Hours SH= Standard Hours AR Actual Rate SR Standard Rate AQ=Actual Quantity SQ=Standard Quantity AP= Actual Price SP Standard Price (1) Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Do not round intermediate calculations.) Actual Cost Standard Cost < Required 1 Reen
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Answer rating: 100% (QA)
Actual enst Standard cost AQ X AP AQ X SP SQ X SP 35000 x 595 3000 x 59... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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