I've been looking all over the internet for an example to help me and I'm not having any luck...can you help me
with solving this?
J&W Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follows.
Direct materials, ? kilograms at $6 per kilogram$?per gameDirect labor, 0.75 hours at ? per hour ?per gameOverhead, 0.75 hours at ? per hour ?per gameTotal costs$39per game
Assume that the following data appeared in J&W's records at the end of the past month.
Actual production 43,000unitsActual sales 40,000unitsMaterials (119,500 kilograms) ? Materials price variance 46,000UMaterials efficiency variance 46,200UDirect labor price variance 21,350UDirect labor (30,500 hours) 521,550 Underapplied overhead (total) 18,700U
There are no materials inventories.
a-1. Complete the standard cost sheet for a game console given below.
a-2. Prepare variance analysis for direct materials and direct labor.
b. Assume that all production overhead is fixed and that the $18,700 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts?