Required: 11. Standard costs per unit of Solartronic mowers are as follows: Direct materials, one...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Required: 11. Standard costs per unit of Solartronic mowers are as follows: ✓ Direct materials, one set per unit @ $150 per set; ✓ Direct labor, 10 hours @ $12 per hour; ✓ Factory overhead; variable $ 68 per unit, fixed, $ 8000. ✓ Units produced are 200. A. Calculate the total variance and label it as favorable or unfavorable B. Calculate: i. iii. Actual costs for 200 units produced are as follows: ✓ Direct materials, 210 sets @ $ 140 each: ✓ Direct labor, 2,030 hours @ $12.10 per hours; ✓ Factory overhead: Variable, $ 14,000 IV. Direct labor variance Direct labor time variance Direct labor rate variance Factory overhead variance Required: 11. Standard costs per unit of Solartronic mowers are as follows: ✓ Direct materials, one set per unit @ $150 per set; ✓ Direct labor, 10 hours @ $12 per hour; ✓ Factory overhead; variable $ 68 per unit, fixed, $ 8000. ✓ Units produced are 200. A. Calculate the total variance and label it as favorable or unfavorable B. Calculate: i. iii. Actual costs for 200 units produced are as follows: ✓ Direct materials, 210 sets @ $ 140 each: ✓ Direct labor, 2,030 hours @ $12.10 per hours; ✓ Factory overhead: Variable, $ 14,000 IV. Direct labor variance Direct labor time variance Direct labor rate variance Factory overhead variance
Expert Answer:
Answer rating: 100% (QA)
A Calculation of Total Variance 1 Direct Materials Variance Actual Cost of Direct Materials 210 sets ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
Students also viewed these accounting questions
-
On March 1 a commoditys spot price is $58 and its August futures price is $59. On July 1 the spot price is $63 and the August futures price is $62. A company entered into futures contracts on March 1...
-
Part II In this part, you will apply the cost-volume-profit analysis in Chapter 18 to your company. Assume that all the numbers are budgeted for next year, 2020.4. Determine the price of your product...
-
A plant manufactures two products, Hi- V and Lo- V. Hi- V is the high- volume product that represents most of the plants revenue. It is produced 10 times per year, inventoried, and shipped to...
-
0 3 S 25 cos(x) sin (x) dx -T3
-
Hershey's is a familiar name in snacks. There's a good chance you have recently enjoyed one of its products. The company manufactures confectionery products in a variety of packaged forms and markets...
-
Explain the values used in the orElse clauses in Section 19.10.2.
-
Mr. Jenkins, this is typical question: Do you feel that I have treated you fairly in this interview?
-
The following selected accounts appear in the ledger of Orion Inc. on February 1, 2014, the beginning of the current fiscal year: Preferred 1% Stock, $40 par (75,000 shares authorized, 45,000 shares...
-
DATABASE: SQL Data Manipulation Language (DML) : Insert, Update & Delete Statements What are the Command to insert, update and delete data within the database tables please explain? Table Student...
-
Using a linear programming framework and the data from case Exhibit 1, formulate and solve the problem of finding the cost-minimizing set of bids that meet Mars' business requirements and determines...
-
your office mate performed an 8% per year PW evaluation of two alternatives before he left on vacation PW A = $ - 517,510 for a life of 4 year PW B = $ - 512,100 for a life of 8 year provide the...
-
1. Discuss the importance the following Process decision: -Facility location -Process selection and facility lay out -Design of work system -Capacity planning -Work study -Design and work performance
-
review how to perform some of the most fundamental tasks when dealing with arrays. Some code at the bootom. (Take a look) Program that implements the following menu to interact with the user and...
-
A concrete mix has a ratio of 1 part cement, 2 parts water and 3 parts sand. Hew much concrete can be made if 78 pounds of sand and 16 pounds of cement are available?
-
At the end of 2021, Boise Lenders had a balance in its Allowance for Uncollectible Accounts of $5,000 (debit) before any adjustment. The company estimated its future uncollectible accounts to be...
-
How are accounting errors discovered during the reconciliation process corrected? (1.5 Points) A. After the fact Justification and Approval B. DFAS closed the contract in a memo to the contracting...
-
1. On January 1, 2020, Novotna Company purchased $1,000,000, 6 % bonds of Aguirre Co. for $947,574. The bonds were purchased to yield 8% interest. Interest is payable semiannually on July 1 and...
-
Determine the center and radius of each circle. Sketch each circle. 4x 2 + 4y 2 9 = 16y
-
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how to price her ice cream cones and has experimented with two prices in...
-
Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company believes that costs are driven...
-
Does the concept of the relevant range apply to fixed costs? Explain.
-
Graph the levels of real GDP for the United States, Canada, and Germany (data can be found at www.oecd.org under Statistics and then under National Accounts). Are U.S. and Canadian business cycles...
-
An economic variable is persistent if declines in the variable tend to be followed by more declines, and increases by more increases. This question asks you to study the persistence of the civilian...
-
In a particular economy the real money demand function is \[ \frac{M^{d}}{P}=3000+0.1 Y-10,000 i \] Assume that \(M=6000, P=2.0\), and \(\pi^{e}=0.02\). a. What is the real interest rate, \(r\), that...
Study smarter with the SolutionInn App