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Mc Graw Hill Chapter 21 Homework 12 1.25 points Saved Help Save & Exit Submit Check my work Tableau DA 21-2 (Algo): Exercise, Compute direct materials variances LO P3 Songsu Company is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Skipped Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Direct Materials Direct Labor Standard Actual Standard Actual eBook 8 $17 Ask Print 2 4 lbs $7 15 $6 6 lbs References о Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Rate Per Hour Hours Per Unit $15 $10 $5 $0 4 hrs 2 hrs Overhead Standard Costs Ohrs Fixed Overhead Variable Overhead View on Tableau Public AQ Actual Quantity SQ Standard Quantity AR Actual Rate SR Standard Rate 10 5 2 hrs 2.5 hrs $14 Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead-Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured Share AP Actual Price SP Standard Price 1. & 2. For Year 1, compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Important! Be sure to click the correct Year at the top of the dashboard. Actual Cost AQ x Total direct materials variance $ 0 AQ X SP x $ 0 0 $ < Prev 12 of 12 Next > Standard Cost SQ x SP x

Mc Graw Hill Chapter 21 Homework 12 1.25 points Saved Help Save & Exit Submit Check my work Tableau DA 21-2 (Algo): Exercise, Compute direct materials variances LO P3 Songsu Company is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Skipped Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Direct Materials Direct Labor Standard Actual Standard Actual eBook 8 $17 Ask Print 2 4 lbs $7 15 $6 6 lbs References о Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Rate Per Hour Hours Per Unit $15 $10 $5 $0 4 hrs 2 hrs Overhead Standard Costs Ohrs Fixed Overhead Variable Overhead View on Tableau Public AQ Actual Quantity SQ Standard Quantity AR Actual Rate SR Standard Rate 10 5 2 hrs 2.5 hrs $14 Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead-Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured Share AP Actual Price SP Standard Price 1. & 2. For Year 1, compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Important! Be sure to click the correct Year at the top of the dashboard. Actual Cost AQ x Total direct materials variance $ 0 AQ X SP x $ 0 0 $ < Prev 12 of 12 Next > Standard Cost SQ x SP x

Managerial Accounting: The Cornerstone of Business Decision-Making
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
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 68P: (Appendix 3A) Scattergraph, High-Low Method, Method of Least Squares, Use of Judgment The management...
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tableau da 21-2 algo exrcise,compute direct materials variances 

Mc Graw Hill Chapter 21 Homework 12 1.25 points Saved Help Save & Exit Submit Check my work Tableau DA 21-2 (Algo): Exercise, Compute direct materials variances LO P3 Songsu Company is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Skipped Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Direct Materials Direct Labor Standard Actual Standard Actual eBook 8 $17 Ask Print 2 4 lbs $7 15 $6 6 lbs References о Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Rate Per Hour Hours Per Unit $15 $10 $5 $0 4 hrs 2 hrs Overhead Standard Costs Ohrs Fixed Overhead Variable Overhead View on Tableau Public AQ Actual Quantity SQ Standard Quantity AR Actual Rate SR Standard Rate 10 5 2 hrs 2.5 hrs $14 Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead-Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured Share AP Actual Price SP Standard Price 1. & 2. For Year 1, compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Important! Be sure to click the correct Year at the top of the dashboard. Actual Cost AQ x Total direct materials variance $ 0 AQ X SP x $ 0 0 $ < Prev 12 of 12 Next > Standard Cost SQ x SP x
Transcribed Image Text:Mc Graw Hill Chapter 21 Homework 12 1.25 points Saved Help Save & Exit Submit Check my work Tableau DA 21-2 (Algo): Exercise, Compute direct materials variances LO P3 Songsu Company is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Skipped Select Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Direct Materials Direct Labor Standard Actual Standard Actual eBook 8 $17 Ask Print 2 4 lbs $7 15 $6 6 lbs References о Pounds Per Unit Price Per Pound Pounds Per Unit Price Per Pound Rate Per Hour Hours Per Unit $15 $10 $5 $0 4 hrs 2 hrs Overhead Standard Costs Ohrs Fixed Overhead Variable Overhead View on Tableau Public AQ Actual Quantity SQ Standard Quantity AR Actual Rate SR Standard Rate 10 5 2 hrs 2.5 hrs $14 Hours Per Unit Price Per Hour Hours Per Unit Price Per Hour Overhead-Actual Costs Fixed Overhead $169,000 Variable Overhead Actual Units Manufactured Share AP Actual Price SP Standard Price 1. & 2. For Year 1, compute the direct materials price variance and direct materials quantity variance. Indicate whether this cost variance is favorable, unfavorable or no variance. Important! Be sure to click the correct Year at the top of the dashboard. Actual Cost AQ x Total direct materials variance $ 0 AQ X SP x $ 0 0 $ < Prev 12 of 12 Next > Standard Cost SQ x SP x
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