Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to...
View the step-by-step solution to:

Question

Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable

manufacturing overhead is applied to products on the basis of direct labor-hours.

964cb46b95f702b0d3141bd0785092d.png

964cb46b95f702b0d3141bd0785092d.png

Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Stande Quantity or Hours Standard Price or Inputs per Unit of Output Rate Direct materials 9.7 ounces 3 7.80per ounce
Direct labor 0.4 hours s 38.70per hour
Variable manufacturing overhead 0.40 hours s 6.10per hour The company has reported the following actual results for the product for April: Actual output 73 OOunits
Raw materials purchased 49.9000unces
Actual cost of raw materials purchased 3 372,350
Raw materials used in production 70.840ounces
Actual direct labor-hours 26 thours
Actual direct labor cost $ 105,800
Actual variable overhead cost is 14,941
Required:
Enter all numbers as positive and rounded to the nearest dollar Materials price variance 3 Materials quantity variance 3 Labor rate variance 3 Labor efficiency variance 35 Variable overhead rate variance 5 Variable overhead efficiency variance $

Top Answer

The solution is... View the full answer

IMG_20191211_104943.jpg

A
B
D
G
H
M
Standard
Standard ( (total production = 7300
Inputs
Actual (total production = 7300 units)
Quantity per unit
Rate per unit
Total Quantity (calculation)
Total Quantity
Actual (total...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question