Question: How did we find AQ, SQ, SP , AP? which numbers did we multiply??? Picture loos Raneem Aldabbas Home Insert Layout ater s, COD ,

How did we find AQ, SQ, SP , AP? which numbers did we multiply??? How did we find AQ, SQ, SP , AP? which numbers did

Picture loos Raneem Aldabbas Home Insert Layout ater s, COD , ana ovemead Design References Mailings Help Format O Tell me what you want to do Review View Bertgon Manufacturing has the following standard cost sheet for one of its products: Direct materials (6 ft. @ $5) Direct labor (1.5 hours @ $10) Variable overhead (1.5 hours @ $4) Fixed overhead (1.5 hours @ $2*) $30 15 3. Standard unit cost $54 * Rate based on expected activity of 17,000 hours. During the most recent year, the following actual results were recorded: 12,000 units $ 33,000 $ 69,000 Production Fixed overhead Variable overhead Direct materials (71,750 ft. purchased) Direct labor (17,900 hours) $361,620 $182,580 Required: Compute the following variances: 1. Direct materials price and usage variances. 2. Direct labor rate and efficiency variances

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!