Sara metal frames over the period of years using standard costing system in its unit and has April month manufacturing variances as follows: Overhead variance 710 U Labor quantity variance U Labor price variance 510 U Materials quantity variance 840 F Materials price variance 1,430 U In addition, 8,500 units of product were sold at 8 per unit. Each unit sold had a standard cost of 4.Selling and administrative expenses were 8,290 for the month. Prepare an income statement for management for the month ended January 31, 2021. 930
Sara metal frames over the period of years using standard costing system in its unit and has April month manufacturing variances as follows: Overhead variance 710 U Labor quantity variance U Labor price variance 510 U Materials quantity variance 840 F Materials price variance 1,430 U In addition, 8,500 units of product were sold at 8 per unit. Each unit sold had a standard cost of 4.Selling and administrative expenses were 8,290 for the month. Prepare an income statement for management for the month ended January 31, 2021. 930
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...
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![Sara metal frames over the period of years using standard costing system in its unit and has
April month manufacturing variances as follows:
Overhead variance
710
U
Labor quantity variance
U
Labor price variance
U
Materials quantity variance
F
Materials price variance
1,430
U
In addition, 8,500 units of product were sold at 8 per unit. Each unit sold had a standard cost of 4.Selling and
administrative expenses were 8,290 for the month. Prepare an income statement for management for the
month ended January 31, 2021.
930
510
840](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3b58287-93c4-4369-b94b-b5b75011964f%2Fa3abcf31-f305-4347-bc2b-ddfb41b0c821%2F9pp0s5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sara metal frames over the period of years using standard costing system in its unit and has
April month manufacturing variances as follows:
Overhead variance
710
U
Labor quantity variance
U
Labor price variance
U
Materials quantity variance
F
Materials price variance
1,430
U
In addition, 8,500 units of product were sold at 8 per unit. Each unit sold had a standard cost of 4.Selling and
administrative expenses were 8,290 for the month. Prepare an income statement for management for the
month ended January 31, 2021.
930
510
840
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