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Question B The following information has been gathered from KLP GOrmanx's static budget for the most recent months. • Direct materials per unit of product 5 pounds "$1.50per pound. • Direct Jabour per unit of product 45 hour*$20 per hour. Variable manufacturing overhead $15 per direct labour hour The actual activity of the most recent month: 10,000 pounds direct material purchased at cost $17,000. • 9,504 pounds of direct material used to produce 1728 Units of product. 864 total direct labour hours were used and total payment was $18,144 Variable manufacturing overhead costs $13,824.

Question B The following information has been gathered from KLP GOrmanx's static budget for the most recent months. • Direct materials per unit of product 5 pounds "$1.50per pound. • Direct Jabour per unit of product 45 hour*$20 per hour. Variable manufacturing overhead $15 per direct labour hour The actual activity of the most recent month: 10,000 pounds direct material purchased at cost $17,000. • 9,504 pounds of direct material used to produce 1728 Units of product. 864 total direct labour hours were used and total payment was $18,144 Variable manufacturing overhead costs $13,824.

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
Chapter11: Performance Evaluation And Decentralization
Section: Chapter Questions
Problem 24BEB: Use the following information for Brief Exercises 11-23 and 11-24: Theta Company has the following...
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Requirements:

Compute

4.Direct-labor quantity (efficiency) variance

5.Variable manufacturing overhead rate variance,

6.Variable manufacturing overhead efficiency variance.

Question B The following information has been gathered from KLP. cORmanx's static budget for the most recent months. • Direct materials per unit of product 5 pounds *$1.50per pound. • Direct labour per unit of product 45 hour*$20 per hour. Variable manufacturing overhead $15 per direct labour hour The actual activity of the most recent month: 10,000 pounds direct material purchased at cost $17,000. 9,504 pounds of direct material used to produce 1728 Units of product. 864 total direct labour hours were used and total payment was $18,144 Variable manufacturing overhead costs $13,824.
Transcribed Image Text:Question B The following information has been gathered from KLP. cORmanx's static budget for the most recent months. • Direct materials per unit of product 5 pounds *$1.50per pound. • Direct labour per unit of product 45 hour*$20 per hour. Variable manufacturing overhead $15 per direct labour hour The actual activity of the most recent month: 10,000 pounds direct material purchased at cost $17,000. 9,504 pounds of direct material used to produce 1728 Units of product. 864 total direct labour hours were used and total payment was $18,144 Variable manufacturing overhead costs $13,824.
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