Question: Please solve the requirements form a to d Exercise 3. Zee Corporation has developed the following cost standards for the production of its leather backpacks:

Please solve the requirements form a to d

Exercise 3. Zee Corporation has developed the following cost standards for the production of its leather backpacks: Standard Cost Per Backpack Leather (0.9 yards x $22 per yard) $19.80 Direct labor (1.3 hours x $9.00 per hour) $11.70 The actual results for last month were as follows: Number of backpacks produced 15,000 Direct labor hours incurred 18,800 Yards of leather used in production 14,100 Cost of leather purchased $306,675 Direct labor cost $159,800 Required: Compute the following variances for Zee. a. Materials price variance. b. Materials quantity variance. c. Labor efficiency variance. d. Labor rate variance

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!

Exercise 3. Zee Corporation has developed the following cost standards for the production of its leather backpacks: Standard Cost Per Backpack Leather (0.9 yards * $22 per yard) $19.80 Direct labor...

Tue Dec 1 9 above. Homework Assignment 2 ( 2 0 % ) Exercise 3 . Zee Corporation has developed the following cost standards for the production of its leather backpacks: \ table [ [ , Standard Cost Per...

3 Zee Corporation has developed the following cost standards for the production o backpacks: leather Standard Cost Standard Use Leather is $22 per yard Direct labor is $9.00 per hour 0.9 yards 1.3...

Zee Corporation has developed the following cost standards for the production of its leather backpacks: Zee Corporation has developed the following cost standards for the production of its leather...

P lease help! Thank you! Zee Corporation has developed the following cost standards for the production of its leather backpacks: 12. Leather (1.3 yards x $32 per yard) Direct labor (1.6 hours $17.00...

Zee Corporation has developed the following cost standards for the production of its leather backpacks: Standard Cost Per Backpack Leather (1.1 yards $34 per yard) $37.40 Direct labor (1.4 hours...

Zee Corporation has developed the following cost standards for the production of its leather backpacks: Standard Cost Per Backpack Leather (1.0 yards $35 per yard) $35.00 Direct labor (1.3 hours...

Zee Corporation has developed the following cost standards for the production of its leather backpacks: Leather (1.9 yards * $26 per yard) Direct labor (2.2 hours * $11.00 per hour) Variable overhead...

Zee Corporation has developed the following cost standards for the production of its leather backpacks: Leather (1.7 yards x $28 per yard) Direct labor (2.0 hours x $13.00 per hour) Variable overhead...

Zee Corporation has developed the following cost standards for the production of its leather backpacks Standard Cost Per Backpack Leather (0.9 yards x $22 per yard) $19.80 Direct labor (1.3 hours...

JunkCo is a electronics wholesaler. One of their best customersis SoSo Buys, a big blue box electronics retailer. Today, SoSo Buyscalls JunkCo and orders 500 of the new XL1 tablets. JunkCo, says:"no...

Now consider this other house, In this House with the sloping roof, express the height A of the ceiling as a function of the horizontal distance x from the left corner of the House.

1 . A waiver needs to be received from the _ _ _ _ _ _ _ _ _ _ blank.bank / lender 2 . Covenants are typically calculated as of _ _ _ _ _ _ _ _ _ _ blank.testing date 3 . Waivers must be dated the...

1. Buying groceries at the supermarket. 2. Selling a house 3. Getting married out of community of property. 4. Starting a new cellphone contract. 5. Arranging monthly instalments to pay for the car...

4. It is the principle of equality (according to very specific criteria of equality) that is crucial.

7. As your starting point, take a discussion you have had with a person at your workplace. Answer the following questions: Answer the following questions: What did you want to achieve? How did you...

5. What does it mean when someone views it as important for their human dignity to maximize certain human values?