Question: Please help! Thank you! Champlain Manufacturing has two direct cost categories: direct materials and direct labor costs. The company's variable manufacturing overhead is allocated to

Please help! Thank you!

Champlain Manufacturing has two direct cost categories: direct materials and direct labor costs. The company's variable manufacturing overhead is allocated to products based on standard direct labor hours. The following information indicates the standards of Champlain's manufacturing costs:

Direct cost categories Standard Quantity Cost per Input Unit Direct materials 7.4 pounds per output unit $ 11.15 per pound Direct Labor 0.25 hours per out put unit $ 21.50 per hour

Manufacturing Overhead Cost per Input Unit Variable manufacturing Overhead $ 9.25 per Direct Labor Hour

May data Direct materials purchased and used $ 10.75 per pound 91,000 pounds Direct Labor $ 22.25 per hour 4,300 labor hours Actual variable manufacturing overhead $ 32,500 Actual Production 12,500 output units

Part a) and Part b) Calculate the following variances: Direct Materials Price Variance and Direct Materials Quantity Variance

Provide a possible reason for the favorable or unfavorable Direct Materials Price Variance. Provide a possible reason for the favorable or unfavorable Direct Materials Quantity Variance. Provide a possible reason for the favorable or unfavorable Total Direct Materials Variance.

Part c) and Part d) Calculate the following variances: Direct Labor Rate Variance and Direct Labor Efficiency Variance

Provide a possible reason for the favorable or unfavorable Direct Labor Rate Variance. Provide a possible reason for the favorable or unfavorable Direct Labor Efficiency Variance. Provide a possible reason for the favorable or unfavorable Total Direct Labor Variance.

Part e) and Part f) Calculate the following variances: Variable Manufacturing Overhead Spending Variance and Variable Manufacturing Overhead

Provide a possible reason for the favorable or unfavorable Variable Manufacturing Overhead Spending Variance. Provide a possible reason for the favorable or unfavorable Variable Manufacturing Overhead Efficiency Variance. Provide a possible reason for the favorable or unfavorable Total Variable Overhead Variance.

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