For only less than 70 -- On excel, redo the exam, similar to as discussed during the review. Part 2 should be straight forward as the worksheet is on excel.

1. We are analyzing 2 products product X and product Y.
   • Product X requires 4 Part As and 3Part Bs.
   • Product Y requires 3 Part As and 2 Part Bs.
   • The standard cost for Part A is $24 per unit.
   • The standard cost for Part B is $12 per unit.
   • During this month, the company purchased 50,000 units of Part A for $1,220,000 (there was no beginning balance).
   • During this month, the company purchased 50,000 units of Part B for $590,000 (there was no beginning balance).
   • During the month the company produced 500 Xs and 1000 Ys.
   • During the month the company used 4950 units of Part A and 3540 units of Part B.
   • Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only).
   • X uses 14 standard direct labor hours.
   • Y uses 12 standard direct labor hours.
   • Labor standard cost is $20 per hour.

hint: for production of both X and Y

Questions 1-25: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions.

2.Use the information given in Problem I.

Use standard cost information for all calculations except as noted below.

Department	$Costs	Activity Cost Driver
Supplies	$22,800	Direct labor hours
Assembling	$12,750	Units of standard direct material (Parts)
Packaging	$10,050	Completed units

Questions 26-50: Suggestion: use the worksheet to complete the problem first, then answer the questions.