Question: Help me solve what is the problems A & B please Lily Corporation manufactures a single product. The standard cost per unit of product is

Help me solve what is the problems A & B please  Help me solve what is the problems A & B please
Lily Corporation manufactures a single product. The standard cost per unit of
product is shown below. The predetermined manufacturing overhead rate is $12 per

Lily Corporation manufactures a single product. The standard cost per unit of product is shown below. The predetermined manufacturing overhead rate is $12 per direct labor hour ($24.00+2.00). It was computed from a master manufacturing overihead budget based on normal production of 11,800 direct labor hours ( 5,900 units) for the month. The master budget showed total variable costs of $70,800 ( $6.00 per hour) and total fixed overhead cost 5 of $70,800 ( $6,00 per hour). Actual costs for October in producing 3,700 units were as follows. The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored. (a) Compute all of the materials and labor variances. Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance Compute the total overhead variance. Total overhead variance

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