Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Thu Feb 16 11:20 AM ... VA Ch. 6: Continuous Probability D X ASU Semester at Sea Scholarships X # 40 Scholarships for Study Abro X ASu McGraw-Hill Connect x Question 2 - Chapter 9 Homew X + - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Chapter 9 Homework i Saved Help Save & Exit Submit Check my work 2 Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero 2 variance). points Actual Costs Spending Flexible Budget Volume Master Budget eBook 625 units Variance 625 units Variance 200 units Hint Direct Material $ 9,500 F U $ 18,000 Direct Labor 30,200 F TU 26,000 Print Variable Overhead 12,250 12,000 References Fixed Overhead 15,500 U None 13,000 Total Manufacturing Costs $ 77,450 F U $ 69,000 Mc Graw Hill FEB 16 4 19 17Chrome File Edit View History Bookmarks Profiles Tab Window Help Q Thu Feb 16 11:20 AM ... VA Ch. 6: Continuous Probability D X ASU Semester at Sea Scholarships X # 40 Scholarships for Study Abro X ASu McGraw-Hill Connect x Question 3 - Chapter 9 Homew X + - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Chapter 9 Homework i Saved Help Save & Exit Submit Check my work 3 Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price $ 1. 70 per pound Actual direct labor rate 6.90 per hour 2 Standard purchase price $ 1.50 per pound Standard quantity for sets produced 910 , 000 pounds points Standard direct labor hours allowed 15 , 000 Actual quantity purchased in October 1, 055, 000 pounds Actual direct labor hours 11 , 000 eBook Actual quantity used in October 940 , 000 pounds Direct labor rate variance $4 , 950 F Print References Required: 1. Calculate the total cost of purchases for October. 2. Compute the direct materials price variance based on the actual quantity purchased. 3. Calculate the direct materials quantity variance based on the actual quantity used. 4. Compute the standard direct labor rate for October. 5. Compute the direct labor efficiency variance for October. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 4 Req 5 Calculate the total cost of purchases for October. Total Purchases Req 1 Req 2 and 3 > Mc Graw Hill 100 31 FEB 6 6 16 4 19 17Chrome File Edit View History Bookmarks Profiles Tab Window Help Q Thu Feb 16 11:20 AM ... VA Ch. 6: Continuous Probability D X ASU Semester at Sea Scholarships X # 40 Scholarships for Study Abro X ASu McGraw-Hill Connect x Question 3 - Chapter 9 Homew X + - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Chapter 9 Homework i Saved Help Save & Exit Submit Check my work 3 Direct labor rate variance $4 , 950 F Required: 1. Calculate the total cost of purchases for October. 2 2. Compute the direct materials price variance based on the actual quantity purchased. points 3. Calculate the direct materials quantity variance based on the actual quantity used. 4. Compute the standard direct labor rate for October. 5. Compute the direct labor efficiency variance for October. eBook Print Complete this question by entering your answers in the tabs below. References Req 1 Req 2 and 3 Req 4 Req 5 2. Compute the direct materials price variance based on the actual quantity purchased. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). 3. Calculate the direct materials quantity variance based on the actual quantity used. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Show less 2. Direct Materials Price Variance 3. Material Quantity Variance Tu Req 1 Req 4 > Mc Graw Hill FEB 9 16 4 19 17Chrome File Edit View History Bookmarks Profiles Tab Window Help Q Thu Feb 16 11:21 AM ... VA Ch. 6: Continuous Probability D X ASU Semester at Sea Scholarships X # 40 Scholarships for Study Abro X ASu McGraw-Hill Connect x Question 3 - Chapter 9 Homew X + - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Chapter 9 Homework i Saved Help Save & Exit Submit Check my work 3 Actual quantity used in October 940 , 000 pounds Direct labor rate variance $4 , 950 F Required: 2 1. Calculate the total cost of purchases for October. points 2. Compute the direct materials price variance based on the actual quantity purchased. 3. Calculate the direct materials quantity variance based on the actual quantity used. 4. Compute the standard direct labor rate for October. eBook 5. Compute the direct labor efficiency variance for October. Print References Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Reg 4 Req 5 Compute the standard direct labor rate for October. Note: Round your answer to 2 decimal places. Standard Direct Labor Rate Mc Graw Hill FEB 19 16 A 17Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Thu Feb 16 11:21 AM ... VA Ch. 6: Continuous Probability D X ASU Semester at Sea Scholarships X # 40 Scholarships for Study Abro X ASu McGraw-Hill Connect x Question 3 - Chapter 9 Homew X + - > C a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%2... Chapter 9 Homework i Saved Help Save & Exit Submit Check my work 3 Direct labor rate variance $4 , 950 F Required: 1. Calculate the total cost of purchases for October. 2 2. Compute the direct materials price variance based on the actual quantity purchased. points 3. Calculate the direct materials quantity variance based on the actual quantity used. 4. Compute the standard direct labor rate for October. 5. Compute the direct labor efficiency variance for October. eBook Print Complete this question by entering your answers in the tabs below. References Req 1 Req 2 and 3 Reg 4 Req 5 Compute the direct labor efficiency variance for October. Note: Round your intermediate calculation to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Labor Efficiency Variance F 3 mm Mc Graw Hill FEB 19 16 A 17File View 'ory Bookmarks Profiles Tab Window Help W' Ch, 8: Continuous Probability l X l as! Semester at Sea Scholarships x I O 40 Scholarships for Study Abr x El McGraw-Hill Connect x 6 Question 4 Chapter 9 Home X + v C i ezto.mheducation.com/ext/map/index.htmI?_con=con&exierna|_browser:0&launchUrl:hltps%253A%252F%252F|ms,mheducation.com%252Fmghmiddleware%2... ) 3'} I I] G E Chapter 9 Homework 0 Saved Help Save 8. Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. points 3&- Return to question Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL's standard cost card follows: Standard Standard Quantity Standard Rate Unit Cost Variable manufacturing overhead 0 . 6 $0 . 80 $0 . 48 During August, LLL had the following actual results: Units produced and sold 24,700 Actual variable overhead $ 9,460 Actual direct labor hours 15,700 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). 9 Answer is not complete. Variable Overhead Rate Variance F Variable Overhead Efciency Variance Variable Overhead Spending Variance F 3i i M$C