Ferm, chemical uses a standord ost Systcm to account for The costs of its phodu ction of chemical X. StandardS are T.4 gallons of materialsat $105 per gallon and 10 hours of Tabor at a stondord Wage rate of $12, During Seprember Ferry Chemical produced 2Le00gatlons of Chemical'X. Femy chemical purchosed ond used totaled 3.0e0galldos at a total cost of$381, 180. Payrol totaled B302,730 for 25,450 hoursworked Calculate direct materials price variance airect materiais' Quantityvariance direct materials total (sperdigjuariance girect labor rate voriance direct jaborefticienay variance direct labor total (spendirgsuariance The walnut Division of Bennton corp
Ferm, chemical uses a standord ost Systcm to account for The costs of its phodu ction of chemical X. StandardS are T.4 gallons of materialsat $105 per gallon and 10 hours of Tabor at a stondord Wage rate of $12, During Seprember Ferry Chemical produced 2Le00gatlons of Chemical'X. Femy chemical purchosed ond used totaled 3.0e0galldos at a total cost of$381, 180. Payrol totaled B302,730 for 25,450 hoursworked Calculate direct materials price variance airect materiais' Quantityvariance direct materials total (sperdigjuariance girect labor rate voriance direct jaborefticienay variance direct labor total (spendirgsuariance The walnut Division of Bennton corp
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 4P: Halpern Companys controller prepared the following income statement and balance sheet at the end of...
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
Transcribed Image Text:2:38
ll LTE
Ferm, chemical uses a standord cost
Systcm to acçount for he costs of its
phodu ction of chemical X. Standards
are T,4gallons of materialsat $105 per
gallon ad 1o nours of labor at a stondard
Wage rate of $12. Durina Seprember, Ferry
Chemica Produced e00gations of
ond used fotalehemical purchosed
3.040galldos ata
total cost of $381, 180. Payroll totaled
$302,730 for 25,430 hoursworked
Calculate
direct materials price variance
direct materiais' quantityvariance
direct materials total (sperdinuariance
girect labor rate variance
direet iabor efficiency variance
direct labor total Espendingsuc
uariance
The walnut Division of Benton corp
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