Chromé Hile Edit View History Bookmarks People Window Help Warning! Due to inact

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Chromé Hile Edit View History Bookmarks People Window Help Warning! Due to inactivity, you XConnect Presented Below Are Defir c ? secure https://newconnect.mheducation.com/flow/connect.html Chapter 21 Homework Seved 12 o Required information 0.49 points 1. Compute the direct materials cost variance, including its price and quantity variances. AQ Actual Quantity sa- Standard Quantity AP Actual Price Print 2. Compute the direct labor cost variance, Including its rate and efficiency varlances. AH Actual Hours SH Standard Hours AR Actual Rate SR-Standard Rate

Explanation / Answer

Requirement 1 Exercise 21-2 Tempo Company Flexible Budgets For the quarter ended March 31, 2017 -----Flexible Budget---- ----Flexible Budget at ---- Variable amount per unit Total fixed costs 14000 units 16000 units 18000 units Sales 207 2898000 3312000 3726000 Variable costs Direct Materials 25 350000 400000 450000 Direct labor 43 602000 688000 774000 Production supplies 27 378000 432000 486000 Sales Commissions 8 112000 128000 144000 Packaging 15 210000 240000 270000 Total Variable Costs 118 1652000 1888000 2124000 Fixed costs Plant Manager's Salary 200000 200000 200000 200000 Advertising 100000 100000 100000 100000 Administrative salary 250000 250000 250000 250000 Depreciation on office equipment 220000 220000 220000 220000 Insurance 190000 190000 190000 190000 Office Rent 200000 200000 200000 200000 Total Fixed costs 1160000 1160000 1160000 1160000 As per Chegg policy, we are supposed to answer maximum of one question at a time

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