The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials...
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The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 17,000 pounds at $4.55 per pound 17,635 hours at $29 per hour 32,000 0.50 pound at $4.50 per pound 0.50 hour at $30 per hour Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost < Required 1 Required 2 > The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 17,000 pounds at $4.55 per pound 17,635 hours at $29 per hour 32,000 0.50 pound at $4.50 per pound 0.50 hour at $30 per hour Actual direct labor used Actual units produced Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate and efficiency variances. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Standard Cost < Required 1 Required 2 >
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Answer rating: 100% (QA)
Ansioor Actual Cost Standord cost AQ AP H000 X U55 X sp 4000 Y 4 50 AG sa SP 16000 x 12000 u5... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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