Question: Only do (C). Please only do (C). Thank you!!! Black and Decker Corporation has the following information is for their standard and actual costs. Standard
Black and Decker Corporation has the following information is for their standard and actual costs. Standard Costs Budgeted units of production-7,500 (80% of capacity) Standard material per unit 11 lbs. Standard material cost- $14.5 per pound Standard labor hours per unit 15 Standard labor rate - $33 per hour Standard variable overhead rate- $8 per labor hour Budgeted fixed overhead- $920,250 Fixed overhead rate is based on budgeted labor hours at 80% capacity. Actual Cost Actual production - 8,000 units Actual material purchased and used-91,500 pounds Actual total material cost-$1,290,000 Actual labor-118,200 hours Actual total labor costs-$3,975,600 Actual variable overhead-$1,015,000 Actual fixed overhead- $956,250 Determine: (a) the quantity variance, price variance, and total direct materials cost variance; (b) the time variance, rate variance, and total direct labor cost variance; and (c) the volume variance, controllable variance, and total factory overhead cost variance
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