C Ward File Edit View Insert Format Tools Table Window Help EB 4:? 325693: Thu 2:18 PM Q . AutoSave eam Exercise #7, Blank Ch 11 Home Insert Draw Design Layout References Mailings Review View t5 Share G Comments _.7_ A v b 1 ~ [CH vi: \"'3' V _1'5 V A A Aav A" \"A A . AthCchEe AaBchD( AaBchDdEt AaBb( > d . @V Paste 6 3 I g v ab *2 x1 A v i v A v l g 1 NoSpaclng Headlng1 Headlngz Tltle Styles Sensitivity Pane Arnes Company manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to it nearly any small car. The company has a standard cost system in use for all of its products. Awarding to the standards that have been set for the seat covers. the factory should work 2.850 hours each month to produce 1.900 sets of wvers. The standard costs associated with this level of production are: Per Set Total of Covers Direct materials $42,560 $22.40 Direct labor 317.100 9.00 Variable manufacturing overhead (based on direct labor-hours) $ 6.840 3.60 $35.00 During August, the factory worked only 2.300 direct labor-hours and produced 2.000 sets of covers. The following actual costs were recorded during the month: Per Set Total of Covers Direct materials (12.000 yards) $451500 $22.80 Direct labor 318.200 9.10 Variable manufacturing overhead $ 7.000 350 $35.40 At standard, each set of covers should require 5.6 yards of material. All of the materials purchased during the month were used in production. Required: I 1. Compute the materials price and quantity variances for August. 2.Compute the labor rate and efciency variances for August. 3. Compute the variable overhead rate and efciency variances for August. _| l Page 1 OH 220 words II? English (United States) - Q + 110%