Question: started but cannot finish it. help please be help Total Units of Product Produced: 40,000 Standard Costs Actual Costs Direct Materials 120,000 lbs @ $3.20

started but cannot finish it. help please
started but cannot finish it. help please be help Total Units of
Product Produced: 40,000 Standard Costs Actual Costs Direct Materials 120,000 lbs @
$3.20 per lb 115,500 lbs @ $3.25 per lb Direct Labor 12,000
hours @ $24.40 per hr 11,700 hours @ $25.00 per hr Factory

be help Total Units of Product Produced: 40,000 Standard Costs Actual Costs Direct Materials 120,000 lbs @ $3.20 per lb 115,500 lbs @ $3.25 per lb Direct Labor 12,000 hours @ $24.40 per hr 11,700 hours @ $25.00 per hr Factory OH 100% of Capacity: 15,000 hours Variable Rate: $8.00/hour $91,200 Variable Cost Fixed Rate: $10.00/hour $150,000 Fixed Cost Each Unit that we produce requires 0.3 hour of direct labor 5: (4 points) Calculate the Direct Materials Price Variance AND state why it is Favorable or Unfavorable: The Pesce quantity Price (Actual Price DM vanance std. Pace Actual (Beas - 3.2) x 115 500 16775 unfavorable It's unfavorable because actual Price of material I higher too standard Price the 6: (4 Points) Calculate the Direct Quantity Variance AND state why it is Favorable or Unfavorable: Dired Malenal 5 ( 120080 - 115500 ) * 3.20 quanlity variance = 14 400 favorable It's favorable is because the standard DM than the achial usage. the total Direct Materials Variance: Total Direct Material variance is: 5775 + 14400 = 1$ 20175 8: (4 Points) Calculate the Direct Labor Rate Variance AND state why it is Favorable or Unfavorable: DL kate variance ( 25 - 24.40)11700 = 7020 9: (4 Points) Calculate the Direct Labor Time (Efficiency) Variance AND state why it is Favorable or Unfavorable: DL time = (11700 2000 ) X 34.40 081100 10: (4 Points) Calculate the Total Direct Labor Variance: Total labor variance 288 120 7020 + 281 100 11: (4 points) Calculate the Factory Overhead Volume Variance (Fixed) AND state why it is Favorable or Unfavorable: The fixed fot volume Vartane 12: (4 Points) Calculate the factory Overhead Controllable Variance (Variable) AND state why it is Favorable or Unfavorable

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