Norwalk Enterprises manufactures insulated cold beverage cups printed with college and corporate logos , which it distributes
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Question:
Norwalk Enterprises manufactures insulated cold beverage cups printed with college and corporate logos which it distributes nationally in lots of dozen cups. In June, Norwalk
produced lots of its most popular line of cups, the ounce lidded tumbler, at each of its two plants, which are located in Platinum and Augusta. The production manager,
Amelia Bourque, asks her assistant, Nick Fleming, to find out the precise perunit budgeted variable costs at the two plants and the variable costs of a competitor, Clement Farm,
who offers similarquality tumblers at cheaper prices. Fleming pulls together the following information for each lot:
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Requirement What is the budgeted variable cost per lot at the Platinum Plant, the Augusta Plant, and at Clement Farm?
The budgeted variable cost per lot for the Platinum Plant is Enter all amounts to the nearest cent.
The budgeted variable cost per lot for the Augusta Plant is Enter all amounts to the nearest cent.
The budgeted variable cost per lot for Clement Farm Plant is Enter all amounts to the nearest cent.
Requirement Using the Clement Farm data as the standard, calculate the direct materials and direct manufacturing labour price and efficiency variances for the Platinum and
Augusta plants.
Calculate the variances for the Platinum plant first. Enter applicable values to the nearest whole dollar. Label each variance as favourable F or unfavourable U For variances with
a $ balance, make sure to enter in the appropriate field. If the variance is zero, do not select a label.
Lots
Direct materials
Direct labour
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