Help , 78% -), Sun 74 ezto.mheducation.com 0 Bullseye Company manufactures dartb

Question

Help , 78% -), Sun 74 ezto.mheducation.com 0 Bullseye Company manufactures dartboards. Its standard cost information follows: Standard Unit Cost QuantityStandard Price (Rate) 1 hrs. 1 hrs. Direct materials (cork board) Direct labor 2.60 sq. ft. $2.90 per sq. f 7.54 $ 15.00 per hr. 15.00 0.35 0.20 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($46,000+ 230,000 units) Bullseye has the following actual results for the month of September: Number of units produced and sold Number of square feet of corkboard used Cost of corkboard used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 210,000 560,000 $ 1,568,000 218,000 $3,073,800 S 74,000 $ 70,000 Required 1. Calculate the direct materials price, quantity, and total spending variances for Bullseye. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance

Explanation / Answer

1) Material variance :

Labour variance :

Variable overhead variance

Material price variance (2.90*560000-1568000) 56000 F Material quantity variance (210000*2.6-560000)*2.90 40600 U Material cost variance (210000*7.54-1568000) 15400 F

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