G ezto.mheducation.com CB C OU + Chapter 9 Homework i Saved Help Save & Exit Submit Check my work Use the following terms to complete the sentences that follow; terms may be used once, more than once, or not at all: 1.11 Static Purchasing manager Flexible Favorable points Volume Unfavorable Spending Debit Skipped Production manager Credit Variable overhead rate Fixed overhead budget Variable overhead efficiency Fixed overhead volume Fixed overhead spending eBook 1. A budget is based on a fixed estimate of sales volume. Print 2. A variance represents the difference between actual and expected levels of activity. 3. The is typically responsible for the direct materials quantity variance. The variable overhead rate variance is when the actual variable overhead rate is less than the standard References 4. variable overhead rate. 5 . Unfavorable variances appear as entries; favorable variances entries. appear as The variance is the difference between the number of actual direct labor hours used and the number of 6. standard direct labor hours multiplied by the standard variable overhead rate 7. Using less direct materials than expected results in a variance. 8. The is typically responsible for the direct labor efficiency variance. 9 . The variance is sometimes also called the denominator variance. 10. When recording journal entries, the actual cost is a and the standard cost is a Mc Graw Prev 1 of 9 Next > Hill0 G Beztoimheducationcom 5b0 (9 [1] + Chapter 9 Homework 0 Saved Help Save& Exit Submit 2 Evanson Company expects to produce 516,000 units of their product during the year Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: 1.11 points Direct materials $ 8 Direct labor 9 Variable manufacturing overhead 1% Fixed manufacturing overhead 3 El I eBook Prepare a flexible manufacturing budget using 20,000 unit increments \"El Print Activity level References Finished units Variable costs Direct materials Direct labor Total variable costs Fixed costs Total xed costs Total costs Next ) % I) G Bezlo'mheducalioncom 560 [1] + Chapter 9 Homework 0 Saved Help Save& Exit Submit Check my work For each of the following independent cases, ll in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). References Next > % 0 G E B eztomheducationcom $6 0 Chapter 9 Homework 0 Saved Help 5 Beverly Company has determined a standard variable overhead rate of $3.80 per direct labor hour and expects to incur 0.50 labor hour per unit produced. Last month, Beverly incurred 1,600 actual direct labor hours in the production of 3,300 units. The company has also determined that its actual variable overhead rate is $2.40 per direct labor hour. 1.11 points Calculate the variable overhead rate and efciency variances as well as the total amount of over- or underapplied variable overhead. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). eBZOk Variable Overhead Rate Variance 6 Variable Overhead Efciency Variance Pm\" Over or Underapplied Variable Overhead References Next > g 0 e B eztomheducationcom GB 0 Chapter 9 Homework 0 Saved Help 1.11 points eBook @ Hint U Print E References Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $2.70 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 6 Calculate the standard direct materials cost per unit. (Round your answer to 2 decimal places.) per Collar ( Prev 7 of 9 555 Next ) (9 [Ti + Save & Exit Submit 0 e B eztomheducationcom % C Chapter 9 Homework 0 Saved Help 1.11 points References Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot. Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $2.70 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Req 6 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable. 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. Direct Material Price Variance Direct Material Quantity Variance ( Prev 7 of 9 iii Next ) (96 Save & Exit Submit + [E] 0 Q B eztomheducationcom % C, Chapter 9 Homework 0 Saved Help 1.11 points References Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 1.85 feet of leather and predicts leather will cost $3.20 per foot Suppose Perfect Pet made 80 collars during February. For these 80 collars, the company actually averaged 2.00 feet of leather per collar and paid $2.70 per foot. Required: 1. Calculate the standard direct materials cost per unit. 2. Without performing any calculations, determine whether the direct materials price variance will be favorable or unfavorable 3. Without performing any calculations, determine whether the direct materials quantity variance will be favorable or unfavorable. 6. Calculate the direct materials price and quantity variances. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Calculate the direct materials price and quantity variances, (Round your intermediate calculations and nal answers 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 Material Price Variance Direct Material Quantity Variance ( Prev 7 of 9 EEE Next ) (96] Save & Exit Submit + [E] 0 G E Bezlomheducationcom %@ (D [1] + E] Chapter 9 Homework 0 Saved Help Save& Exit Submit Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog hath given: 1.11 Standard Standard points Quantity Standard Rate Unit Cost Shampoo 1.7 oz. $ 0.70 per 02. $ 1.19 Water 15 gal. 15 0.05 per gal. 0.75 Direct labor 1.05 hr. $10.00 per hr. 10.50 El ' eBook During the month of July, Collin's employees gave 350 baths. The actual results were 725 ounces of shampoo used (cost of $558.25), @ 6,500 gallons of water used (cost of $455), and labor costs for 290 hours (cost of $3,306). Hint Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts direct labor variances for the month ofJuly. Print IE Complete this question by entering your answers In the tabs below. References Required 1 Required 2 Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. (Round your answers 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 Material Price Variance Direct Material Quantity Variance 0 Q E Bezlomheducationcom @c (D [1] + E] Chapter 9 Homework 0 Saved Help Save& Exit Submit Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: 1_11 Standard Standa rd points Quantity Standard Rate Unit Cost Shampoo 1.7 oz. $ 0.70 per 02. $ 1.19 Water 15 gal. 15 0.05 per gal. 0.75 Direct labor 1.05 hr. $10.00 per hr. 10.50 E] . eBZDk During the month of July, Collin's employees gave 350 baths. The actual results were 725 ounces of shampoo used (cost of $55825), 6,500 gallons of water used (cost of $455), and labor costs for 290 hours (cost of $3,306). Hint Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts direct labor variances for the month ofJuly. Print IE Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Calculate Suds & Cuts direct labor variances for the month of July. (Indicate the effect of each variance by selecting "F\" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to nearest dollar amount.) Direct Labor Rate Variance Direct Labor Efciency Variance %