Dec. 1 Bal., 18,400 units, 60% completed 82,984 31 Direct materials, 318,300 units 814,848 897,832 31 Direct labor 442,763 1,340,595 31 Factory overhead 637,147 1,977,742 31 Goods transferred, 321,100 units ? ? 31 Bal., ? units, 20% completed ? How do you find transferred to packing department in December for whole units?
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
| Dec. | 1 | Bal., 18,400 units, 60% completed | 82,984 | |||||
| 31 | Direct materials, 318,300 units | 814,848 | 897,832 | |||||
| 31 | Direct labor | 442,763 | 1,340,595 | |||||
| 31 | Factory overhead | 637,147 | 1,977,742 | |||||
| 31 | Goods transferred, 321,100 units | ? | ? | |||||
| 31 | Bal., ? units, 20% completed | ? |
How do you find transferred to packing department in December for whole units?
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