- 3.B. Rose Delight Co. produces different types of delights, Red Rose, Blue Rose and White Rose Delights. Thecompany uses a standard cost system to control manufacturing costs.The standard unit cost of a 1 kg box of Red Rose Delight is based on static budget volume of 10,000 boxesper month (10,000 DL hours):Direct material1 kg of special mix includingsugar and flour etc. at 5 TL.5 TLDirect Labor10 TL1 hour at 10 TL per hourVar Ovh rate is 3 TL per DLhourVariable MOH3 TLFixed Ovh rate is 2 TL per DLhourFixed MOH2 TLTotal standard cost per box20 TLActual cost and production information for January:Actual production and sales were 9,500 boxes. Selling price per box is 25 TL.Actual direct materials usage was 0,8 kg of special mix per unit, actual price of 5,20 TL per kg.Actual direct labor usage of 9,800 hours at a total cost of 100,000 TL.Actual overhead cost was 48,000 TL.a. Compute "total, price and quantity variances for direct materials", "total, efficiency and ratevariances for direct labor" and "total, controllable and volume variances for manufacturingoverhead".b. Assuming the company purchased all the direct materials and used them in the currentmonth, journalize "the purchase of direct materials on account and usage of direct materials".

Name: - 3.B. Rose Delight Co. produces different types of delights, Red Ros
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Description: - 3.B. Rose Delight Co. produces different types of delights, Red Rose, Blue Rose and White Rose Delights. Thecompany uses a standard cost system to control manufacturing costs.The standard unit cost of a 1 kg box of Red Rose Delight is based on sta

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3.B. Rose Delight Co. produces different types of delights, Red Rose, Blue Rose and White Rose Delights. The company uses a standard cost system to control manufacturing costs. The standard unit cost of a 1 kg box of Red Rose Delight is based on static budget volume of 10,000 boxes per month (10,000 DL hours): Direct material 1 kg of special mix including sugar and flour etc. at 5 TL. 5 TL Direct Labor 10 TL 1 hour at 10 TL per hour Var Ovh rate is 3 TL per DL hour Variable MOH 3 TL Fixed Ovh rate is 2 TL per DL hour Fixed MOH 2 TL 0 TI

3.B. Rose Delight Co. produces different types of delights, Red Rose, Blue Rose and White Rose Delights. The company uses a standard cost system to control manufacturing costs. The standard unit cost of a 1 kg box of Red Rose Delight is based on static budget volume of 10,000 boxes per month (10,000 DL hours): Direct material 1 kg of special mix including sugar and flour etc. at 5 TL. 5 TL Direct Labor 10 TL 1 hour at 10 TL per hour Var Ovh rate is 3 TL per DL hour Variable MOH 3 TL Fixed Ovh rate is 2 TL per DL hour Fixed MOH 2 TL 0 TI

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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