JANUARY 2022 RESULTS In January, 2022, sales were $103,500 on 4,060 units sold. 90 metric tons of sand were purchased and used at a total cost, including shipping, of $2,300. Actual direct labor costs were $40,400, and actual direct labor hours were 1,650. Actual overhead costs were $30,800.
JANUARY 2022 RESULTS In January, 2022, sales were $103,500 on 4,060 units sold. 90 metric tons of sand were purchased and used at a total cost, including shipping, of $2,300. Actual direct labor costs were $40,400, and actual direct labor hours were 1,650. Actual overhead costs were $30,800.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What would be the income statment?
![](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab7bda3f-fd7e-438c-8f25-3a9a562e9e89%2F6877bfdd-6fd0-43ce-8f2c-d0762156267c%2Ftwtadb9.jpeg&w=3840&q=75)
![36 JANUARY 2022 RESULTS
37 In January, 2022, sales were $103,500 on 4,060 units sold.
38 90 metric tons of sand were purchased and used at a total cost, including shipping, of $2,300.
39 Actual direct labor costs were $40,400, and actual direct labor hours were 1,650.
40 Actual overhead costs were $30,800.
41
42 INSTRUCTIONS
43 1. Complete the Standard Cost Worksheet in the "Standard Costs" tab. All items should be show
44
to at least two decimal places, except metric tons per case, which must be shown to at least fo
45 decimall places.
46 2. Complete the Standard Cost Income Statement in the "January Review" tab.
47 3. Prepare, in a separate Word document, a brief memo describing which variances you, in a
48 controlling function, are most curious about, and why. Who would you contact for explanations](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab7bda3f-fd7e-438c-8f25-3a9a562e9e89%2F6877bfdd-6fd0-43ce-8f2c-d0762156267c%2F2y95ph_processed.jpeg&w=3840&q=75)
Transcribed Image Text:36 JANUARY 2022 RESULTS
37 In January, 2022, sales were $103,500 on 4,060 units sold.
38 90 metric tons of sand were purchased and used at a total cost, including shipping, of $2,300.
39 Actual direct labor costs were $40,400, and actual direct labor hours were 1,650.
40 Actual overhead costs were $30,800.
41
42 INSTRUCTIONS
43 1. Complete the Standard Cost Worksheet in the "Standard Costs" tab. All items should be show
44
to at least two decimal places, except metric tons per case, which must be shown to at least fo
45 decimall places.
46 2. Complete the Standard Cost Income Statement in the "January Review" tab.
47 3. Prepare, in a separate Word document, a brief memo describing which variances you, in a
48 controlling function, are most curious about, and why. Who would you contact for explanations
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