Direct materials2 feet at $8.45$16.90 Direct labor1.4 hours at $811.20 Variable overhead1.4 hours at $2.503.50 Fixed overhead1.4 hours at $68.40 Standard costper unit$ 40.00 Denominator activity level (direct labor-hours)35 Budget fixed overhead costs (from the overhead flexible budget)$ 210.00 Actual variable overhead costs incurred108 Actual fixed overhead costs incurred211.8 Answer A direct materials price variance6400.00000000009 Answer A direct materials quantity variance0 Answer B direct labor rate variance-9000 Answer B direct labor efficiency variance24000 Answer C variable overhead spending variance-4500 Answer C variable overhead efficiency variance7500 Answer D fixed overhead budget variance-58200 Answer D fixed overhead volume variance-81000 Answer E Total Variances-114800 Standart Cost1200000 % of Estándar Cost9.6%
Answer AAssets$8,000,000 Target Profit %20% Target Profit $$1,600,000 Answer BSales$6,000,000Units sold1,000,000 Fixed costs$2,000,000 Variable costs$3,000,000 Contribution Margin$1,000,000 % on Assets13% Answer C 1Sales$6,300,000Units Projected900,000 Fixed costs$2,000,000 Variable costs$2,430,000 Contribution Margin$1,870,000 % on Assets23% Answer C 2Sales$6,300,000Units Projected900,000 Fixed costs$2,000,000 Variable costs$2,700,000 Contribution Margin$1,600,000 % on Assets20%
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