Question: HELP Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below) Trini Company set the following standard




Use the following information for the Problems below. (Algo) The following information applies to the questions displayed below) Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds $4.90 per pound 5.147.00 Direct labor (4 hours $16 per hour) 64.00 Variable overhead (4 hours $6 per hour) 24.00 Fixed overhead (4 hours $10 per hour 40.00 Standard cont per unit 5 275.00 Overhead is applied using direct lobor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 67,000 units per quarter. The following additional information is available. Operating Levels 700 BON Production in unita) 46,900 53,600 60,300 tandard direct labor hours (4 Dla/unit) 107,600 214,400 241,200 thudgeted overhead tlexible budget Fixed overhead $ 2,144,000 $ 2,140,000 $2,144,000 Variable ovechend $ 1,125,600 $ 1,206,400 $1,447,200 During the current quarter the company operated at 90% of capacity and produced 60,300 units actual direct labor totaled 184,800 hours Units produced were assigned the following standard costs. Direct material (1,009,000 pounde $4.90 per pound) + 8,564,100 Direct labor (241,200 hours 916 per hour) 3,859.200 Overhead (241,200 hours $16 per hour) 3,859,200 Standard budgeted) cost $ 16,582,500 Actual costs incurred during the current quarter follow, Direct materials (1,413,000 pounds $7.70 per pound) $ 10,880,100 Direct labor (1814.800 hours $11.10 per hour) 2.051,280 Fixed overhead 1.310,400 Variable overhead 1,732,600 Actual con $ 15,982,300 Problem 23.4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 Required: 1. Compute the direct materials variance, including its price and quantity variances 2. Compute the direct labor variance, including its rate and efficiency variances 3. Compute the overhead controllable and volume variances Complete this question by entering your answers in the tabs below. Variance R2 Reg1 Red 2 Controllable Ree 3 Volume Variance Compute the direct materials variance, including its price and quantity variances (indicate the effect of each variance by selecting favorabile, unfavorable, or no variance Actual Cost Standard Cost 5 $ Red 2) Required: 1. Compute the direct materials variance, including its price and quantity variances 2. Compute the direct labor variance, including its rate and efficiency variances 3. Compute the overhead controllable and volume van ances Complete this question by entering your answers in the tabs below. Root Reg2 Reg Controllable Varance Reg 3 Volume Variance Compute the direct labor variance, including its rate and endency variances, (Indicate the effect of each variance by selecting favorable, ontvorable, or no veranito Actual Cont standard Cont 0 5 0 0 Problem 23-4A (Algo) Computing materials, labor, and overhead variances LO P3, P4 Required: 1. Compute the direct materials variance, including its price and quantity variances 2. Compute the direct labor variance, including its rate and efficiency variances 3. Compute the overhead controllable and volume varlances #7 Complete this question by entering your answers in the tabs below. Reg 3 Reg 1 Reg 3 Volume Reg 2 Controllable Variance Variance Compute the overhead controllable variance. (Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.) Controllablo Variance Actual total overhead Budgeted total overhead Controllable variance
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