Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.)
Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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dont answer hndwritten thnku
Transcribed Image Text:Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the
following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during
the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None"
and enter "O" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.)
Standard price or rate per unit of input
Standard quantity per unit of output
Actual quantity used per unit of output
Actual price or rate per unit of input
Actual output
Direct-material price variance
Direct-material quantity variance
Total direct-material variance
Direct-labor rate variance
Direct-labor efficiency variance
Total direct-labor variance
$
$
$
Direct Labor
per hour
hours per unit
1.80 hours
11.00 per hour
5,000 units
10,000 F
1,000 F
$
$
$
$
Direct Material
7.00 per b
lbs per unit
lbs per unit
6.00 per b
5,000 units
34,000 F
20,000 F
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