e edugen 0 Weygandt, Financial& Managerial Accounting, 2 Help I System Announcem

Question

e edugen 0 Weygandt, Financial& Managerial Accounting, 2 Help I System Announcements.c Unread PRINTER VERSTON BACK ES Exercise 25-9 (Part Level Submission) given the a meeting with the vice president of operations. asked to provide the plant manager with Direct materials (9 pounds at $5 per pound Direct labor (0.70 hours at $6) Variable overhead (o.70 hours at $5 per hour) Fixed overhead (0.70 hours at $7 per hour) Standard Cost Card $45.00 4.20 3,50 4.90 $57.60 The following is a varliance report for the most recent period of operations. Total Standard Cost Price Quantity Direct materials Direct labor 409,000 $5,670 F $9,300 u 38,174 5,100 U 6,500 U (a) your answer is correct. How many units were produced during the period. Round answer to 0 decimal places,·0-125) Number of units 7

Explanation / Answer

B.

Quantity variance=SP×(AQ-SQ)

Quantity variance=SP×AQ-SP×SQ

$9300 U=$5.00×AQ-$409,000

AQ=($409,000+$9300)÷$5

AQ=83,660 pound

C.

AP=((AQ×SP)±price variance]÷AQ

AP=((83660×$5)-$5670]÷83660

AP=$4.93

D.

AH=[(SH×SR)±quantity variance]÷SR

AH=[38,174+6500]÷$5

AH=8935 hours

E.

AR=[(AH×SR)± price variance]÷AH

AR=[(8935×$5)+$5100]÷8935

=$5.57

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