Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below] Antuan Company set the following standard costs for one unit of its product. Direct labor (1.9 hrs. $11.00 per hr. overhead (1.9 hrs. $18.50 per hr.) Total s Direct materials (5.0 Ibs. $4.00 per Ib.) $20.00 20.90 35.15 $76.05 cost The predetermined overhead rate ($18.50 per direct labor capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month level. hour is based on an expected volume of 75% of the factory's at the 75% capacity Variable overhead costs $ 15,000 75,000 15,000 30,000 Indirect materials Indirect labor Repairs and maintenance Total variable overhead costs $135,000 Pixed overhead costs Depreciation-Building Depreciation-Machinery Taxes and insurance Supervision Total fixed overhead costs 24,000 71,000 16,000 281,25 392,250 $527,250 The company incurred the following actual costs when it operated at 75% of capacity in October.

Explanation / Answer

Answer:

Actual Cost

Actual Cost

stadered cost Cost

AH

x

AR

AH

x

SR

SH

x

SR

29000

11.3

29000

11

38000

11

327700

319000

418000

8700

99000

90300

Direct labor rate variance

8700

Unfavorable

Direct labor efficiency variance

99000

favorable

Total direct labor variance

90300

favorable

Actual Cost

Actual Cost

stadered cost Cost

AH

x

AR

AH

x

SR

SH

x

SR

29000

11.3

29000

11

38000

11

327700

319000

418000

8700

99000

90300

Direct labor rate variance

8700

Unfavorable

Direct labor efficiency variance

99000

favorable

Total direct labor variance

90300

favorable

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.