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Homework: Week Six: Homework Mastery Problem Chapter 6 (mana Beore of pts Toficom HW Seoret0% of its PM6-26A (similar to) Sera Maciemanducte terreinen andere budgeting and a standart contentcontent and on your dret mercedes Chen to view the lead data) Dula Table Requirements. Prepare a fost budotsed on the core ofrecer volt. Round bucout us Stenbak Recliners State Bugs Aceste 11,025.005 recen 61.0 x 07375 Model (1,00 $40 200 Arounds Vai Mang Costs per una Det er (6.180 de 150 33.21 A Una Recin 1500 yd) 520 Sales Reven Duruda 110 350 OH11130/D) 120.950 Variable Manufacturing Costs (3.850 OLH511/ 117.216 Direct Materials Vers Over 05,150 y 35.10/yd) Direct Labor 16.30 do 16.00 Variable Overhead Food Manufacturing Costa Faedah 2,730 51739 Find Manuting Costs Tuon of Goods Sold Find Overhead 267 120 240555 Gross Pa 307 215 To cost of Goods Sold Done Enter wy number in the edit folds and then click Check Answer Clear 6 parts remaining LJUBITI U USUS HUMI UUS and a standard cost system. Steinback allocates overhead based on yards of direct mater FE (Click the icon to view the selected data.) Read the requirements Requirement 1. Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cant) Stenback Recliners Flexible Budget Budget Amounts * Requirements per Unit Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold 1. Prepare a flexible budget based on the actual number of recliners sold 2. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, faxed overhead cost, and fixed overhead volume variances. Round to the nearest dollar 3. Have Stenback's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? 4. Describe how Stenback's managers can benefit from the standard costing system Print Done Enter any number in the edit fields and then click Check Answer parts 6 remaining Clear All Mere Scoret of 8 pts Homework: Week Six: Homework Mastery Problem Chapter 6 (mana 1 of 10 compien HW Scoret 09.00 PM6-26A (similar to) Subaca. Radi manifest er der inden foute bidgeting and standard cout you. There arcates were med en yard of direct materials. The companyia potom on we have see on to the weed data) Read the more Flexibel Buget Amount U Come concernance for directe and for and Formanagement wwwcom wwwfficiendosenfest when we found the View Du Ma Decor de Over Frau FO Den android conting rycerin faded Che 6. wg Che newer Score: 0 of 8 pts Homework: Week Six: Homework Mastery Problem Chapter 6 (mana 1 0 1 0 completely PM6-26A (similar to) HW Score: 0.0 of 8 pm . Que Hip Serback Recine manufacture herries and set budgeting and a standard coole Shack scored on yerds of material. The companys performance reporting Chicon to view the doma Read the funct Data Tab Requirement 1. Prepare a fost budget bedre ber of resold Slackers State Budget Acto Results 11.025 recliners 11.001 recliners 5 507 375 1 2.400 Budget Amounts Ants Place . Sie 11. Osredno 405 (1.005 e 5400 ch Vatan Direct 1.150 y $8.50 09.00 ydes 30/0 Ove Labor (10.200 DLHY BIO CODUL 1110/0) VO 100 110 / I. 50/ Pod Macturing Cole 120,00 Wabe Milch Direct Me 31 40.00 Ded de Cole 2. 27.220 todo 7185 Code Emeryths and thank Check www Priet Dune Homework: Week Six: Homework Mastery Problem Chapter 6 (mana Score: 0 of 8 pts t of complete HW Score: 0.0 of PM6-26A (similar to) Outono Stenbeck Reciners manufactures leather recliners and mes feble budgeting and standard cont system. Shrback stocaten overhead based on youts of free materials. The companys pertumaron report income the following de Click the icon to view the selected data) Read the requirements Requirement 1. Prepare a feble budget based on the actual number of recipes. CLIO GRILL Stenback Recliners Requirements Flexible Budget Budget Amounts 1 Prepare a fost budget bed on the dual number of reines sold per Unit 2 Compute the cost variance and the con variance for direct mana and for director. For manufacturing overcome the variable Acta Unte overed cool, var ved efficiency, food overhead colanded overad volume variances Hound to the nearest do Sales 3 Have Sinback's managers done a good job or a poor pob controlling Variable Manufacturing Cors materials, labor and overhead coats? Why? Direct Mall 4 Desobe how lontac' managers can be trom the standard costing Director Print Done Viral Ort Feed Manufacturing Costs FedOveread Total Cost of Goods Sold Enter any number in the edit fields and then click Chick Answer Clour Check Ang 6 parts remaining MacBoPro 10 : $ 4 % 5 3 6 7 9 8 C W R E Y Buses Pny i Data Table de actue Static Budget (1,025 recliners) $ 507.375 Actual Results (1,005 recliners) 482,400 52,275 52,290 Sales (1,025 recliners x $495 each) (1,005 recliners x $480 each) Variable Manufacturing Costs: Direct Materials (6,150 yds. @ $8.50 / yd.) (6,300 yds. @ $8.30 / yd.) Direct Labor (10,250 DLHr @ $11.80 / DLHr) (9,850 DLHr @ $11.90 / DLHr) Variable Overhead (6,150 yds. @ $5.10/yd.) (6,300 yds. @ $6.50 / yd.) Fixed Manufacturing Costs: Fixed Overhead 120,950 117,215 31,365 40,950 62.730 64,730 267,320 275,185 Total Cost of Goods Sold 240,055 $ 207,215 Gross Profit Print Done Check A Stual number of recliners sold. (Round budget amounts per unit to the nearest cent.) Requirements 1. Prepare a flexible budget based on the actual number of recliners sold. 2. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. 3. Have Stenback's managers done a good job or a poor job controlling materials, labor, and overhead costs? Why? 4. Describe how Stenback's managers can benefit from the standard costing system. Print Done