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QUESTION Partially correctMark 4.00 out of 12.00Flag questionEdit questionQuestion textComputation of Variances and Other Missing DataThe following data for Bernie Company pertain to the production of 500 units of Product X during December. Selected data items are omitted. Fill in the missing amounts.Direct materials (all materials purchased were used during period)Standard cost per unit: Answerpounds at $3.84 per pound (Round answer to one decimal place.)Total actual cost: Answer6
Direct materials (all materials purchased were used during period)pounds costing $8,510Standard cost allowed for units produced: $8,640Materials price variance: $AnswerAnswerMaterials quantity variance: $216UDirect laborStandard cost: 2 hours at $10.50Actual cost per hour: $10.90Total actual cost: $AnswerLabor rate variance: $AnswerAnswerLabor efficiency variance: $210 UVariable overheadStandard costs: Answerhours at $6.00 per direct labor hour443.8F545010682U980
Direct materials (all materials purchased were used during period)Actual cost: $5,550Variable overhead spending variance: $AnswerAnswerVariable overhead efficiency variance: $AnswerAnswerFeedback pounds× 4.5) + ($216/$3.84) pounds× 2,306.25) F0F0U