During october the company budgeted for 6700 units

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During October, the company budgeted for 6,700 units, but its actuallevel of Sales Volume was 6,650 units. Data used in budgeting:Actual results for October:2. The direct labor in the Static budget for October would be3 . The direct materials in the flexible budget for October would be4. The Sales Volume variance for direct labor in October would be5. The Flexible Budget variance for direct materials in October would be
The direct labor in the Static budget for October would beCost = Fixed cost per unit + Variable cost per unit q= $0 + $5.406,700 = $36,1803 . The direct materials in the flexible budget for October would beCost = Fixed cost per unit + Variable cost per unitq= $0 + $14.306,650 = $95,0954. The Sales Volume variance for direct labor in October would be
5. The Flexible Budget variance for direct materials in October would be
The total sales-volume variance for the month of July would be $625 FA. The total sales-volume variance for the month of July would be $625UB.The total sales-volume variance for the month of July would be $960FC.The total sales-volume variance for the month of July would be $960U6,700 – 6650 = 50 units$12.50* =$625UUnit CM = 34.40 – 21.90 = $12.50
Information on Pruitt Company’s direct-material costs for the month of July2005 was as follows:Actual quantity purchased30,000 unitsActual unit purchase price$2.75Materials purchase-price variance—unfavorable (based on purchases)$1,500Standard quantity allowed for actual production24,000 unitsActual quantity used22,000 unitsFor July 2005 there was a favorable direct-materials efficiencyvariance of
The standards for direct labor for a product are 2.5 hours at $8 per hour.Last month, 9,000 units of the product were made and the laborefficiency variance was $8,000 F. The actual number of hours workedduringthepastperiodwas:A. 23,500B. 22,500C. 20,500D. 21,500
SH = 9,000 units2.5 hours per unit = 22,500 hoursLabor efficiency variance = (AH - SH) SR= (AH - 22,500 hours) $8 per hour = -$8,000AH$8 per hour - $180,000 = -$8,000AH$8 per hour = $172,000AH = $172,000$8 per hourAH = 21,500 hours
Borden Enterprises uses standard costing. For the month of April, thecompany reported the following data:Standard direct labor rate: $10 per hourStandard hours allowed for actual production: 8,000 hoursActual direct labor rate: $9.50 per hourLabor efficiency variance: $4,800 FavorableThe labor rate variance for April is:
At Jacobson Company, indirect labor is a variable cost that varies with direct

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Term
Winter
Professor
sahay
Tags
Variance, Direct material price variance, production manager, SallyMay

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