rit/takeAssignmentMain.doftakeAssignmentSessionLocator-assignment-take Check My Work elook Problem 10-24 Comprehensive Variance Analysis Turner Corporation produces overdrive transmission parts for several small spedialty automobile companies. Prior to founding the firm, Benson Turner, the company's president, had and illustrious stock-car-racing career. After several serious injuries, Benson's family convinced him that it was time to retire from the sport and pursue a calmer and safer line of work The company has been operating for just over five years and is beginning to show signs of significant growth, Benson is a planner, and he wants to get a handle on his manufacturing operations before the company's growth becomes his primary preoccupation. The company's plant manager and controller met last week to pull together information that they could present to Benson Although the company produces over 150 different parts, the two of them thought that accumulating detailed data on one single tvplcal part would be sufficient for the quickly called meeting. As a consequence, the following data were captured for the last 12 months Budgeted production and sales: 12,000 parts Actual production and sales: 11.000 parts. .Each part has a standard requiring 1 pound of material at a budgeted cost of $1.50 per pound Each part has a standard requiring 20 minutes of assembly time at a cost of $0.25 per minute The average actual wholesale price for each part is $8 Actual costs for the production of 11,000 parts were $17,094 for 11.100 pounds of material .Actual labor costs were $58,080 for 242.000 minutes of labor time Required: Enter all amounts as positive numbers. Do not round your intermediate caloulations A. What was the budgeted contribution margin per part? (Round answer to the nearest cent) s 18000 per Unit . what was the actual contribution margin per part? (Round answer to three decimal places) s12826 per Unit For C through G, round variances to nearest whole dolar C. What was Turner's flexible budget variance ndaveralde A17 AM 4 4e W1/209 Type here to search eBook Problem 10-24 Comprehensive Variance Analysis Turner Corporation produces overdrive transmission parts for several small specialty automobile companies illustrious stock-car-racing career. After several serious injuries, Benson's family convinced him that it was The company has been operating for just over five years and is beginning to show signs of significant grow before the company's growth becomes his primary preoccupation. The company's plant manager and contr Although the company produces over 150 different parts, the two of them thought that accumulating detail As a consequence, the following data were captured for the last 12 months: Budgeted production and sales: 12,000 parts. Actual production and sales: 11,000 parts. Each part has a standard requiring 1 pound of material at a Each part has a standard requiring 20 minutes of assembly time at a cost of $0.25 per minute. The average actual wholesale price for each part is $8. Actual costs for the production of 11,000 parts were $17,094 for 11,100 pounds of material. budgeted cost of $1.50 per pound. Actual labor costs were $58,080 for 242,000 minutes of labor time. Required: Enter all amounts as positive numbers. Do not round your intermediate calculations. A. What was the budgeted contribution margin per part? (Round answer to the nearest cent.) per Unit 00080 B. What was the actual contribution margin per part? (Round answer to three decimal places.) $ 12826 per Unit eral small specialty automobile companies. Prior to founding the firm, Benson Turner, the company's president, had an Benson's family convinced him that it was time to retire from the sport and pursue a calmer and safer line of work. eginning to show signs of significant growth. Benson is a planner, and he wants to get a handle on his manufacturing operations . The company's plant manager and controller met last week to pull together information that they could present to Benson. o of them thought that accumulating detailed data on one single typical part would be sufficient for the quickly called meeting. 2 months: udgeted cost of $1.50 per pound. me at a cost of $0.25 per minute. for 11,100 pounds of material. r time. ediate calculations. d answer to the nearest cent.) swer to three decimal places.) 638 AM Budgeted production and sales: 12,000 parts. Actual production and sales: 11,000 parts. Each part has a standard requiring 1 pound of material at a budgeted cost of $1.50 per pound. Each part has a standard requiring 20 minutes of assembly time at a cost of $0.25 per minute. The average actual wholesale price for each part is $8. Actual costs for the production of 11,000 parts were $17,094 for 11,100 pounds of material. Actual labor costs were $58,080 for 242,000 minutes of labor time. P Enter all amounts as positive numbers. Do not round your intermediate calculations. A. What was the budgeted contribution margin per part? (Round answer to the nearest cent.) 00081 B. What was the actual contribution margin per part? (Round answer to three decimal places.) per Unit For C through G, round variances to nearest whole dollar. C. What was Turner's flexible budget variance? $ A al un D. What was Turner's direct material price variance? $ A un E. What was Turner's direct material usage variance? A lqeoAgun F. What was Turner's labor rate variance? G. What was Turner's labor efficiency variance? peep p Type here to search