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EWWIELS Helir n Jj , Managerial Accounting, Fifth Canadian Edition Concordia: Managerial Accounting (COMM 305 Practice Assignment Gradebook ORION Downloadable eTextbook signment FULL SCREEN PRINTER VERSION 8A Question 20 Mercuri Company has gathered the following information: Variable manufacturing overhead costs $12,330 Fixed manufacturing overhead costs Normal production level in labour hours $9,360 9,000 Standard labour hours 9,400 During the year, 3,490 units were produced, 10,600 hours were worked, and the actual manufacturing overhead was $20,300. Actual fixed overhead totalled $9,430...
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Waterways Continuing Problem 12
At the end of June the manager of the B.C. manufacturing plant
was provided with the following variance analysis report:
Budget
Actual
Variance
Favourable (F)/
Unfavourable (U)
Production in units
332,000
347,000
15,000
F
Production costs:
Direct material
$996,000
$1,017,940
$(21,940)
U
Direct labour
1,411,000
1,442,700
(31,700)
U
Variable overhead costs
166,000
172,957
(6,957)
U
Fixed overhead costs
174,300
168,620
5,680
F
Total production costs
$2,747,300
$2,802,217
$(54,917)
U
The manager immediately called the production supervisor,...
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The direct materials and direct labour standards for one bottle
of Clean-All spray cleaner are given below:
Standard Quantity
or Hours
Standard Price
or Rate
Standard
Cost
Direct materials
5.0
millilitres
$
0.30
per millilitre
$
1.50
Direct labour
0.4
hours
$
12.00
per hour
$
4.80
During the most recent month, the following activity was
recorded:
28,000 millilitres of material was purchased at a cost of $0.25
per millilitre.
All of the material was used to produce 3,000 bottles...
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The direct materials and direct labour standards for one bottle
of Clean-All spray cleaner are given below:
Standard Quantity
or Hours
Standard Price
or Rate
Standard
Cost
Direct materials
7.0
millilitres
$
0.26
per millilitre
$
1.82
Direct labour
0.4
hours
$
12.00
per hour
$
4.80
During the most recent month, the following activity was
recorded:
26,000 millilitres of material was purchased at a cost of $0.21
per millilitre.
All of the material was used to produce 3,000 bottles...
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The following data for a pottery company pertain to the
production
of 2,000 clay pots during July.
Direct Materials (all materials purchased were used):
Standard cost: $2.00 per kilogram of clay
Total actual cost: $10,640
Standard cost allowed for units produced was $12,000
Materials quantity variance was $800 favourable
Direct Manufacturing Labour:
Standard cost is 2 pots per hour at $24.00 per hour
Actual cost per hour was $24.50
Actual labour was 1028 hours
show all steps!
a. What is...
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The following direct materials and direct labor data pertain to
the operations of Laurel Company for the month of August.
Costs
Actual labor rate
$15
per hour
Actual materials price
$180
per ton
Standard labor rate
$14.50
per hour
Standard materials price
$182
per ton
Quantities
Actual hours incurred and used
4,700 hours
Actual quantity of materials purchased and used
1,900 tons
Standard hours used
4,760 hours
Standard quantity of materials used
1,890 tons
(a)
Compute the total, price, and...
-
The following direct materials and direct labor data pertain to
the operations of Laurel Company for the month of August.
Costs
Actual labor rate
$15
per hour
Actual materials price
$140
per ton
Standard labor rate
$14.50
per hour
Standard materials price
$142
per ton
Quantities
Actual hours incurred and used
3,800 hours
Actual quantity of materials purchased
and used
1,500 tons
Standard hours used
3,850 hours
Standard quantity of materials
used
1,490 tons
(a)
Compute the total, price, and...
-
The following direct materials and direct labor data pertain to
the operations of Laurel Company for the month of August.
Costs
Actual labor rate
$15
per hour
Actual materials price
$140
per ton
Standard labor rate
$14.50
per hour
Standard materials price
$142
per ton
Quantities
Actual hours incurred and used
3,800 hours
Actual quantity of materials purchased
and used
1,500 tons
Standard hours used
3,850 hours
Standard quantity of materials
used
1,490 tons
(a)
Compute the total, price, and...
-
What is the materials price variance?
What is the materials quantity variance?
What is the labour price variance?
What is the labour quantity variance?
Question 25 Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5 per kilogram) Direct labour (2 hours at $12 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $10.00 24.00 10.00 7.70 $51.70 Actual costs for producing 2,700 units were as...
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The standard cost of Product B manufactured by Pharrell Company
includes 2.6 units of direct materials at $5.5 per unit. During
June, 27,200 units of direct materials are purchased at a cost of
$5.45 per unit, and 27,200 units of direct materials are used to
produce 10,400 units of Product B.
(a)
Compute the total materials variance and the price and quantity
variances.
Total materials variance
$enter a dollar amount
select a type of the variance
Neither favorable nor unfavorableUnfavorableFavorable...
EWWIELS Helir n Jj , Managerial Accounting, Fifth Canadian Edition Concordia: Managerial Accounting (COMM 305 Practice Assignment Gradebook ORION Downloadable eTextbook signment FULL SCREEN PRINTER VERSION 8A Question 20 Mercuri Company has gathered the following information: Variable manufacturing overhead costs $12,330 Fixed manufacturing overhead costs Normal production level in labour hours $9,360 9,000 Standard labour hours 9,400 During the year, 3,490 units were produced, 10,600 hours were worked, and the actual manufacturing overhead was $20,300. Actual fixed overhead totalled $9,430...
Waterways Continuing Problem 12
At the end of June the manager of the B.C. manufacturing plant
was provided with the following variance analysis report:
Budget
Actual
Variance
Favourable (F)/
Unfavourable (U)
Production in units
332,000
347,000
15,000
F
Production costs:
Direct material
$996,000
$1,017,940
$(21,940)
U
Direct labour
1,411,000
1,442,700
(31,700)
U
Variable overhead costs
166,000
172,957
(6,957)
U
Fixed overhead costs
174,300
168,620
5,680
F
Total production costs
$2,747,300
$2,802,217
$(54,917)
U
The manager immediately called the production supervisor,...
What is the materials price variance?
What is the materials quantity variance?
What is the labour price variance?
What is the labour quantity variance?
Question 25 Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5 per kilogram) Direct labour (2 hours at $12 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $10.00 24.00 10.00 7.70 $51.70 Actual costs for producing 2,700 units were as...