Ch.9 Homework.xlsx - Given Information Standard Numbers Units to be produced and sold Standard cost per unit Direct Materials Direct Labor Variable OH

Ch.9 Homework.xlsx - Given Information Standard Numbers...

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Given Information Standard Numbers Units to be produced and sold: 25,000 Standard cost per unit Direct Materials $10 Direct Labor $8 Variable OH $4 Fixed OH $3 Total Unit Cost $25 Actual Numbers Actual units produced and sold 24,800 Direct Materials $264,368 Direct Labor $204,352 Variable OH $107,310 Fixed OH $73,904 Other Information Beginning/ending inventor of DM $0 DM Price Variance $10,168 U Total labor hours for 24,800 units 12,772
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Performance Report Prepared by Luis Quevedo, 11/4/2019 Cost Items Actual Costs Budgeted Costs Variance Direction Direct Materials 264,368.00 248,000.00 16,368.00 Unfavorable Direct Labor 204,352.00 198,400.00 5,952.00 Unfavorable Variable OH 107,310.00 99,200.00 8,110.00 Unfavorable Fixed OH 73,904.00 75,000.00 1,096.00 Favorable Total 649,934.00 620,600.00 29,334.00 Unfavorable Variances DM Price Variance 10,168.00
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Unformatted text preview: DM Usage Variance 6,200.00 DL Rate Variance- DL Usage Variance 5,952.00 Fixed OH Spending Variance 1,096.00 Fixed OH Volume Variance 600.00 Variable OH Spending Variance 5,134.00 Variable OH Efficiency Variance 2,976.00 T-Accounts Materials Work in Process Finished 264,368.00 248,000.00 620,600.00 198,400.00 99,200.00 75,000.00 620,600.00 264,368.00 - - DM Usage Variance Accounts Payable Wages P 6,200.00 264,368.00 6,200.00 - 264,368.00 DL Effiency Variance Variable OH Control Fixed OH 5,952.00 107,310.00 99,200.00 73,904.00 5,952.00 8,110.00 1,096.00 - - - d Goods DM Price Variance 10,168.00 620,600.00 10,168.00 - Payable DL Rate Variance 204,352.00 - 204,352.00 - H Control Cost of Goods Sold 75,000.00 620,600.00 1,096.00 10,168.00 6,200.00 5,952.00 8,110.00 649,934.00...
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