Question: please help solve step by step 4. DNA Company performs genetic testing for the district attorney and uses standard costing in order to closely monitor

please help solve step by step

4. DNA Company performs genetic testing for the district attorney and uses standard costing in order to closely monitor its costs. The following are standard costs for the typical DNA test: Direct materials (4 test tubes at $1 each) Direct labor (0.5 hours at $30 an hour) $15 Variable overhead (0.5 hours at $20 an hour) Fixed Overhead (0.5 hours at $50 an hour) $10 $25 $54 The following data applies to January during which 2,000 test were conducted: DM (8.200 test tubes) DL (1,050 hours) VOH FOH $9,020 $26.985 $12.500 $48.000 Monthly budgeted fixed overhead is $54,000 and normal capacity is 1,080 hours. Compute materials, labor and total overhead variances

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Hi I'm trying to figure out the formula for the inventory turnover of CVS in 2010. I know that is the cost of goods sold/ average income. In the statement I could see the cost of goods sold which is...

1-Please provide 5 cross-examination questions for: Chris Moss Dr. Gerry Stein Sydney Payne Terry Preece Leslie Brown Alex Lloyd 2-Explain why/how/if you would use exhibits A, B, C, and D. 3-What...

Evaluation and Control in Strategic Management Evaluation and control information consists of performance data and activity reports (gathered in Step 3 in Figure 11-1). If undesired performance...

Chapter 10 Business Process and Information Systems Development \"Jeff, we clean the clubhouse restrooms twice a day . . . in the morning before 7 and again just before lunch. We've been doing that...

LEAN QUIZ This quiz is based upon: Staats, B. R., & Upton, D. M. (2011). Lean knowledge work. Harvard Business Review, (October), Complete 5 of 7 questions correctly for maximum of 5 points. Which is...

How are the changes that Taco Bell implemented, such as K-minus, SOS, etc., similar to, or different from, the various concepts/techniques that were presented in weeks 1-8 in this module. Provide a...

Calculate the following financial indicators for last three years (201X, 201X and 201X) using the attached documents. (i) Compounded average revenue growth rate over 3 years (ii) Compounded average...

Managerial accounting is changing rapidly as a result of technology and new types of enterprises. Below is an article that states the opposite (Talha et al, 2010). How can we reconcile the two...

Please answer all of the following questions. Chapter 4 questions Question 1 The Accounting Cycle - How do the different steps affect the financial statements? What is the effect on the financial...

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...

The level of water in a clear, colorless glass is easily observed with the naked eye. The level of liquid helium in a clear glass vessel is extremely difficult to see with the naked eye. Explain.

In early 2012, Darwins Pet Shop discovered that some of its inventory of dogs were not what the supplier purported them to be. More than 300 puppies that were supposed to be purebred (and therefore...

Edge List Representation. Give the edge list representation of the undirected graph given below: Q 4 ( 1 0 pts ) . Edge List Representation. Give the edge list representation of the undirected graph...

The interest in developing know-how, often through foreign sources, has led to the development and uptake of training in HRM through the universities and through foreign companies.

The entry of foreign organizations with more attractive compensation packages and work is also causing problems of retention in state-owned and justprivatized organizations, and there is a need to...

Pay and benefits. Evidence suggests a significant departure from the old centralized mode, particularly for managers, professionals and technicians, with pay for clerical and manual workers still...