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o Yealink Company produces a product that requires 5.0 standard pounds per unit. The standard price is $7.50 per pound. If 30,000 units used 72,000 pounds, which were purchased at $8.00 per pound, what is the direct materials (A) price variance, (B) quantity variance, and (C) cost variance? 2. Direct lalbor variances a Yealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance? 3. Factory overhead controllable variance a Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead contrallable variance.

o Yealink Company produces a product that requires 5.0 standard pounds per unit. The standard price is $7.50 per pound. If 30,000 units used 72,000 pounds, which were purchased at $8.00 per pound, what is the direct materials (A) price variance, (B) quantity variance, and (C) cost variance? 2. Direct lalbor variances a Yealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance? 3. Factory overhead controllable variance a Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead contrallable variance.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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o Yealink Company produces a product that requires 5.0 standard pounds per unit. The standard price is $7.50 per pound. If 30,000 units used 72,000 pounds, which were purchased at $8.00 per pound, what is the direct materials (A) price variance, (B) quantity variance, and (C) cost variance? 2. Direct lalbor variances a Yealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance? 3. Factory overhead controllable variance a Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead contrallable variance.
Transcribed Image Text:o Yealink Company produces a product that requires 5.0 standard pounds per unit. The standard price is $7.50 per pound. If 30,000 units used 72,000 pounds, which were purchased at $8.00 per pound, what is the direct materials (A) price variance, (B) quantity variance, and (C) cost variance? 2. Direct lalbor variances a Yealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance? 3. Factory overhead controllable variance a Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead contrallable variance.
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