3.C. 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 10,500 boxes. Selling price per box is 35 TL.Actual direct materials usage was 1,1 kg of special mix per unit, actual price of 5.30 TL per kg.Actual direct labor usage of 10,800 hours at a total cost of 118,000 TL.Actual overhead cost was 49,000 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. Journalize "the incurrence of factory labor on account and assignment of factory labor".

Name: 3.C. Rose Delight Co. produces different types of delights, Red Rose,
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Description: 3.C. 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 stati

Variance is the difference in the value of budgeted cost\quantity\price and the actual…

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3.C. 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

3.C. 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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