During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 95,200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purcha agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,2 Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal pla e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) 2$ 189760 Direct materials price variance 801900 Direct materials quantity variance 16040d Direct labor rate variance 2$ Direct labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance $4 Fixed overhead spending variance %24 %24 %24 %24
During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 95,200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purcha agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,2 Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal pla e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.) 2$ 189760 Direct materials price variance 801900 Direct materials quantity variance 16040d Direct labor rate variance 2$ Direct labor efficiency variance Variable overhead spending variance Variable overhead efficiency variance $4 Fixed overhead spending variance %24 %24 %24 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
I really could use some help with the second half of this problem the first half has been answered just need help finishing it up
![During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in
budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600
95.200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purcha
agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,24
Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal plac
e.g. 52.75 and final answers to O decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.)
24
189760
Direct materials price variance
2$
801900
Direct materials quantity variance
2$
16040d
Direct labor rate variance
2$
Direct labor efficiency variance
24
Variable overhead spending variance
$
Variable overhead efficiency variance
$4
Fixed overhead spending variance
eTextbook and Media](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b0ab463-4d4c-475b-97de-464c7d60d430%2F5267a645-1402-4aa4-bae4-270f5254c648%2Fxqgtggm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in
budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600
95.200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purcha
agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,24
Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal plac
e.g. 52.75 and final answers to O decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.)
24
189760
Direct materials price variance
2$
801900
Direct materials quantity variance
2$
16040d
Direct labor rate variance
2$
Direct labor efficiency variance
24
Variable overhead spending variance
$
Variable overhead efficiency variance
$4
Fixed overhead spending variance
eTextbook and Media
![rent Attempt in Progress
oronado Irrigation, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in irrigation systems. The
ump's standard cost is as follows. The company's predetermined fixed overhead rate is based on an expected capacity of 100,000
irect labor hours per month.
Standard
Standard
Standard
Price
Quantity
Cost
Direct materials
$5 per pound
14 pounds
$70
Direct labor
$10 per DLH
4 DLH
40
Variable overhead
$7 per DLH
4 DLH
28
Fixed overhead
$4 per DLH
4 DLH
16
$154
During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in the
budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 for
95.200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purchasing
agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,240.
Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal places,
e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.)
24
140000
Direct materials price variance](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b0ab463-4d4c-475b-97de-464c7d60d430%2F5267a645-1402-4aa4-bae4-270f5254c648%2Fj7nuxop_processed.jpeg&w=3840&q=75)
Transcribed Image Text:rent Attempt in Progress
oronado Irrigation, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in irrigation systems. The
ump's standard cost is as follows. The company's predetermined fixed overhead rate is based on an expected capacity of 100,000
irect labor hours per month.
Standard
Standard
Standard
Price
Quantity
Cost
Direct materials
$5 per pound
14 pounds
$70
Direct labor
$10 per DLH
4 DLH
40
Variable overhead
$7 per DLH
4 DLH
28
Fixed overhead
$4 per DLH
4 DLH
16
$154
During the month of September, the company produced 22,430 of the 25,000 pumps that had been scheduled for production in the
budget. The company used 356,360 pounds of material during September. The direct labor payroll for the month was $791,600 for
95.200 direct labor hours. Variable overhead costs were $652,100; fixed overhead costs were $363,200. The company's purchasing
agent signed a new supply contract that resulted in purchases of 474,400 pounds of direct materials at a total price of $2,182,240.
Calculate Coronado' direct materials, direct labor, and overhead variances for September. (Round per unit values to 2 decimal places,
e.g. 52.75 and final answers to 0 decimal places, e.g. 5,725. If variance is zero, select "Not Applicable" and enter O for the amounts.)
24
140000
Direct materials price variance
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