Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts: Standard...

  

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Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts: Standard Inputs for 1 output 1.00 0.30 0.50 Actual performance for the company is shown below: Actual output: (in units) Direct Materials: Category Direct Materials Direct Labour Direct Marketing Materials costs Input purchased and used Actual price per input 4,000 $30,225 3,900 $7.75 Page 2 Standard Cost per input $7.50 9.00 3.00 a. b. C. Labour-hours of input Actual price per hour Answer Required for the following questions: d. Direct Manufacturing Labour: Labour costs e. Labour-hours of input Actual price per hour Direct Marketing Labour: Labour costs $11,470 1,240 $9.25 $5,880 2,100 $2.80 What is the combined total of the flexible-budget variances? What is the rate variance of the direct materials? [2 marks] [2 marks] What is the rate variance of the direct manufacturing labour and the direct marketing labour, respectively? [2 marks] What is the efficiency variance for direct materials? [2 marks] What are the efficiency variances for direct manufacturing labour and direct marketing labour, respectively? [2 marks] Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts: Standard Inputs for 1 output 1.00 0.30 0.50 Actual performance for the company is shown below: Actual output: (in units) Direct Materials: Category Direct Materials Direct Labour Direct Marketing Materials costs Input purchased and used Actual price per input 4,000 $30,225 3,900 $7.75 Page 2 Standard Cost per input $7.50 9.00 3.00 a. b. C. Labour-hours of input Actual price per hour Answer Required for the following questions: d. Direct Manufacturing Labour: Labour costs e. Labour-hours of input Actual price per hour Direct Marketing Labour: Labour costs $11,470 1,240 $9.25 $5,880 2,100 $2.80 What is the combined total of the flexible-budget variances? What is the rate variance of the direct materials? [2 marks] [2 marks] What is the rate variance of the direct manufacturing labour and the direct marketing labour, respectively? [2 marks] What is the efficiency variance for direct materials? [2 marks] What are the efficiency variances for direct manufacturing labour and direct marketing labour, respectively? [2 marks]

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a Actual cost Standard cost for actual output of 4000 output Variance ... View the full answer