Question

Required Information The following information applies to the questions displayed below) Antuan Company set the following standard costs for one unit of its product Direct materiale (3.0 The $6.00 Th.) Direct labor 1.8 hrs. $11.00 per hr.) Overhead (1.8 hrs. 918.50 per hr.) Total standard cost $18.00 19.30 33.30 $71.10 The predetermined overhead rate $13.50 per direct labor hour is based on an expected volume of 75% of the factory's capacity of 20.000 units per month. Following are the company's budgeted overhead cost per month at the 75% cosity level Overhead Budget Variable overhead costs 750 Capacity 115,00 T rect labor 15.000 15,000 Repairs and maintenance Total variable overhead coata Depreciation s 24.000 Total de The company incurred the following actual costs when it operated at 75 of capacity in October $23. 7 0 Next > MacBook Air 7wERU 10

Answer 1

Given Information in Question Standard Cost Information Direct Material Cost per UOM UOM Total 3 LBS 18 Actual Information Direct Material Total Cost per UOM UOM 46500 LBS 98000 6.10 Actual Quanity 46500 Actual Quanity 46500 Direct Material Price/Cost Varince = (Standard Prices * Actual Quanity) - (Actual prices * Standard Price Actual Qty Actual Price Actual Qty Actual Quantity) 6. 46500 6.10 46500 -4650 Unfavorable Material Variance Standard Price Standard Quantity Actual Quantity Direct Material Quantity variance = (Standard Price ) * (Standard Qty - Actual Quantity) 45000 46500 20000*75%*3 -9000 Unfavorable