Georgia, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs. @ $2/lb) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced A. $171,250 B. $128,750 C. $100,000 D. $150,000 E. $210,000 $6 per finished unit $21,250 100,000 lbs. 25,000 units

Georgia, Inc., has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs. @ $2/lb) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced A. $171,250 B. $128,750 C. $100,000 D. $150,000 E. $210,000 $6 per finished unit $21,250 100,000 lbs. 25,000 units

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 70P: Botella Company produces plastic bottles. The unit for costing purposes is a case of 18 bottles. The...

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At the beginning of the year, Lopez Company had the following standard cost sheet for one of its chemical products: Lopez computes its overhead rates using practical volume, which is 80,000 units. The actual results for the year are as follows: (a) Units produced: 79,600; (b) Direct labor: 158,900 hours at 18.10; (c) FOH: 831,000; and (d) VOH: 112,400. Required: 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances.
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