Question: I need help with the last 4 questions, someone please help me variable MOH spending and efficiency variance fixed MOH spending and efficiency variance the
WordPerfect Office Document x c Liszt Company Developed The FX + C chegg.com/homework-help/questions-and-answers/liszt-company-developed-following-standar Chegg Study Textbook Solutions Expert Q&A Study Pack Practice List Company developed the following standard costs for its product for 20x2. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 4 pounds at 55 per pound 2 hours at $10 per hour 2 direct labor hours at 54 per hour 2 direct labor hours at $2 per hour The company expected to work at the 30,000 direct labor hours level of activity and produce 15.000 units of product. Actual results for 20x2 were as follows. Units produced Direct labor Direct materials purchased and used Total actual manufacturing overhead 14.200 $276,210 for 27,900 direct labor hours worked $271,660 for 57,800 pounds $170,000 of which 70% is variable (3) REQUIRED: Compute the following variances for Liszt Company for 20X2 and indicate whether the variance is favorable or unfavorable. (1) Direct materials price variance. (2) Direct materials quantity variance. Direct labor price variance. Direct labor quantity variance. Variable manufacturing overhead spending variance. (6) Variable manufacturing overhead efficiency variance. (7) Fixed manufacturing overhead spending variance. (8) Fixed manufacturing overhead volume variance. (5) Type here to search
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