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alaa (16, 000 unita) Coat ot gooda aold 3,376,000 Diract materiala Direct labo 6384, 000 704,000 432 , Piant managar aalarr 1,672, 0OD 112.000 256.000 100,000 Adrartiaing Admini trative salaries Dap aciation-office quip. offica sant 468.00D Adminiat ative axpanaaa 234.000 204.000 174.000 796.000 5 408.000 Incoma tomoparationa places.)Flexlble Budgets For Quarter Ended March 31, 2017 Flexlble Budget at Varable Amount perCost Total Flxed 14,000 units 16,000 units 18,000 211.00 arlable oosta Direct materials Direc labor Production supplles Sales commlsslons Packaging 24.00 44.00 27.00 7.00 16.00 arlable C0Ets 118.00 margin Fved costa Plant manager salary Adminletratve salarles Depreclation-omice equip. Omice rent wed costsThe following information describes production activities of Mercer Manufacturing for the year. tual diract labo Actual unit pr duced 9,250 houe to: 교 total of 두185,000 Budgeted standards for esch unit produced are 0.50 pounds of direct material at $4.65 per pound and 10 minutes of direct labor at $21.00 per hour. AQ Actual Quantity SO-Standard Quantity AP-Actual Price SP = Standard Price AH = Actual Hours SH = Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Indicste whether each variance is favorable or unfavorable. Complete this question by entering your answers in the tabs below. Requiredl Required 2 Compute the direct materials price and quantity variances. (Do not round intermediate calculations.) Actual standard C AQ AP AQ SP 30 SP materials price varlance materials quantry varlance diredt materials varlance Required 2 》The following information describes production activities of Mercer Manufacturing for the year. tual diract labo Actual unit pr duced 9.250 hoa t a total o 6185,000 Budgeted standards for esch unit produced are 0.50 pounds of direct material at $4.65 per pound and 10 minutes of direct labor at $21.00 per hour. AQ Actual Quantity SO-Standard Quantity AP-Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate SR = Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate and efficiency variances. Indicste whether each variance is favorable or unfavorable. Complete this question by entering your answers in the tabs below. Requiredl Required 2 Compute the direct l.bor rate snd efficiency variances. Indicate whether each variance is favorable or unfavorable. (Do not round intermediate calculations.) Actual AH 4尺 AH SH abor rate varlance abor eiclency varlance direct laborvarlance Required 1

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Answer 1 Flexible Budget Amount per Total Fixed 16,000 2,954,000 3,376,000 14,000 18,000 3,798,000 Sales Direct Material Direct Labor Production supplies Sales commissions Packaging Total Variable Cost Contribution margin Fixed Costs Plant manager sala Advertisin Administrative salaries Depreciation-office equi Insurance Office rent Total fixed costs 384,000 704,000 432,000 112,000 256,000 1,652,000 1,888,000 336,000 616,000 378,000 98,000 224,000 432,000 792,000 459,000 119,000 272,000 2,074,000 44.00 16.00 94.00 184,000 100,000 234,000 204,000 174,000 184,000 1,080,000 184,000 100,000 234,000 204,000 174,000 184,000 1,080,000 1,080,000 184,000 100,000 234,000 204,000 174,000 184,000 184,000 100,000 234,000 204,000 174,000 184,000 1,080,000 Income from operations 222,000 408,000 644,000 Answer 2 26,000 4.70 122,200 SQ-54000 0.5 27,000 Standard Cost 125,550 Direct Material Price Variance (SP-AP) AQ Direct Material Quantity Variance (sQ-AQ)SP Total Direct Material Price Variance Answer 3 13001 Unfavourable 4650 Favorable 3350 Favorable 9,250 20.00 185,000 SH (10/60*54000 21.00 189,000 Labor rate of pay variance (SR-AR)AH Labor efficiency varian Total Direct Labor Cost Variance 9250 Favorable 52501 Unfavourable 4000 Favorable (SH-AH) SR

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