13-19Ex_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Exercise 13-19 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear in the row immediately to the right of an incorrect answer. a. WARWICK BOTTLE COMPANY Manufacturing Cost Budget For the Month Ended July 31, 2010 Standard Cost at Planned Volume (650,000 Bottles) Manufacturing costs: Direct labor per 100 bottles. Direct materials per 100 bottles. Factory overhead per 100 bottles. Total per 100 bottles. b. WARWICK BOTTLE COMPANY Manufacturing Costs - Budget Performance Report For the Month Ended July 31, 2010 Standard Cost at Cost Variance - Actual Volume (Favorable) Actual Costs (700,000 Bottles) Unfavorable Manufacturing costs: Direct labor Direct materials Factory overhead Total c. Instructions
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Exercise 13-19 Name: SOLUTION Section Score: See student sheet for student's score Scoring ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) wil appear in the row immediately to the right of an incorrect answer. a. WARWICK BOTTLE COMPANY Manufacturing Cost Budget For the Month Ended July 31, 2010 Standard Cost at Planned Volume (650,000 Bottles) Manufacturing costs: Direct labor $8,580 per 100 bottles. Direct materials 34,710 per 100 bottles. Factory overhead 2,210 per 100 bottles. Total $45,500 per 100 bottles. b. WARWICK BOTTLE COMPANY Manufacturing Costs - Budget Performance Report For the Month Ended July 31, 2010 Standard Cost at Cost Variance - Actual Volume (Favorable) Actual Costs (700,000 Bottles) Unfavorable Manufacturing costs: Direct labor $9,400 $9,240 $160 Direct materials 36,500 37,380 (880) Factory overhead 2,400 2,380 20 Total $48,300 $49,000 $(700) c. Instructions A favorable direct materials variance more than offset unfavorable direct labor and factory overhead variances....
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13-19Ex_5e_s - A red asterisk (*) wil appear in the row...

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