Question: PLEASE SOME ONE HELP ANSWER! LAST POST THEY GAVE A HUGE MESS THA T HAD NOOOO RELATION TO THE QUESTION POSTED. enook Problem-Soving strategy Direct
PLEASE SOME ONE HELP ANSWER! LAST POST THEY GAVE A HUGE MESS THA T HAD NOOOO RELATION TO THE QUESTION POSTED.
enook Problem-Soving strategy Direct Materials, Direct Labor, and Factory overhead Cost Variance Analysis Eastern Polymers, Inc., processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,400 units of product were as follows: Standard Costs Actual Costs Direct materials 6,200 lbs. at $5.70 6,100 lbs. at $5.60 Direct labor 1,100 hrs. at $17.30 1,130 hrs. at $17.50 Factory overhead Rates per direct labor h based on 100% of normal capacity of 1,150 direct labor hrs. Variable cost, $4.80 $5,230 variable cost Fixed cost, $7.60 $8,740 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, a total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable Price variance Favorable Quantity variance Total direct materials cost variance Favorable b. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Unfavorable Rate variance Unfavorable Time variance Total direct labor cost variance Unfavorable c. Determine variable factory overhead controllable variance the fixed factory overhead volume variance, and total factory overhead cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable Variable factory overhead controllable variance Unfavorable Fixed factory overhead volume variance Unfavorable Total factory overhead cost variance
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