Question: Please answer 1a-f & 2 Lmk if more information needs to be required :) The Russo Company to a flexible budget and standard costs to

The Russo Company to a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct.com Categories (direct materials and direct manufacturing bor both variable) and two overhead-coolegories variable man tacturing overhead and fred manufacturing overhead, both located using dired manufacturing labor hours). The following actual results are for August Click the con to view the results) Some additional information about Russo Company's budget, standard costs and labor follows: More info (Click the icon to view additional information Read me requirements Requirement 1. Compute the sted amounts for August Determine the form the complete the computation for each (Abbreviations used. OM Dire a Total pounds of direct materials purchased Al the 50.000 budgeted direct manufacturing an hour love for August, budgeted direct manufacturing laboris 51.250.000, budgeted variable manufacturing overheads 5550,000, and budgeted food manufacturing overhead is $850.000 The standard cost per pound of direct materials is $11.50. The standard allowance is pounds of direct materials for each unit of product During August, 20.000 units of roduct were produced There was no beginning inventory of direct material There was no beginning or wing work in proces in August, the direct materials pride variance was 110 per pound In July, labor rust used amor slowdown in the pace of production resting in antie direct manufacturing labor efficiency valence of 577.500. There was no direct manufacturing Labor price variance Laboruntes perted into August Some workers out their replacements had to be hired at higher wage rates, which had to be extended to all workers. The actual average wage rute in August exceeded the standard average wage rate by $0.50 per hour Data Table $ Print Done Direct materials price range (based on purchases) Direct materials officiency variance Drect manufacturing labor costs incurred Variable manufacturing overhead fekte budget and Variable manacturing overhead amiciency variance Fixed manufacturing overhead incurred 177.100 735.000 U 024,750 107000 18.700 U 508 400 Check Answer 0 Roqurto trol of its machining manufacturing operations. Its costing system for manufacturing has two categories (variable manufacturing overhead and fixed manufacturing overhead, both alloc follows: * More Info Requirentants - X 1. Compute the following for August: a. Total pounds of direct materials purchased b. Total number of pounds of excess direct materials used C. Variable manufacturing overhead spending variance d. Total number of actual direct manufacturing labor-hours used e. Total number of standard direct manufacturing labor-hours allowed for the units produced f. Production-volume variance 2. Describe how Russo's control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items. P Print Done Clear All IL F6 F7 F8 F9 F10 F
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