I want A B answer general accounting question Standard Cost InformationCost Component Standard Specification Standard Price/RateDirect Materials 12 lbs. per unitDirect Labor2 hrs. per unit$5 per lb.$18 per hr.Actual Production and Cost Data for JulyCost Component Actual Quantities and PricesDirect Materials 132,000 lbs. at $4.80 per lb.Direct Labor24,000 hrs. at $18.25 per hr.Units Produced11,000 unitsVariance Analysis ObjectiveCompute:A. Direct Materials Price and Quantity VariancesB. Direct Labor Rate and Efficiency Variances

Step 1:A. The direct material price variance is calculated as follows: Direct material price…

Answered: Standard Cost Information Cost…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 16E

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Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units of Simple and 146,100 of Removable, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: Â How much is the overhead allocated to each unit of Simple and Removable?
Equivalent Units, Unit Cost, Weighted Average Refer to the information for Alfombra Inc. on the previous page. Required: 1. Prepare a physical flow analysis for the throw rug department for August. 2. Calculate equivalent units of production for the throw rug department for August. 3. Calculate the unit cost for the throw rug department for August. 4. Show that the cost per unit calculated in Requirement 3 is a weighted average of the FIFO cost per equivalent unit in BWIP and the FIFO cost per equivalent unit for August. (Hint: The weights are in proportion to the number of units from each source.) Use the following information for Problems 6-59 and 6-60: Alfombra Inc. manufactures throw rugs. The throw rug department weaves cloth and yarn into throw rugs of various sizes. Alfombra uses the weighted average method. Materials are added uniformly throughout the weaving process. In August, Alfombra switched from FIFO to the weighted average method. The following data are for the throw rug department for August:
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Direct Labor Actual Data: Units produced Direct Labor Standard Cost Data per 1 Unit Quantity Price 2 hrs $41/hr SHOW ALL COMPUTATIONS. 20 units 39 hrs; total cost $1560 Compute rate variance, efficiency variance, direct labor variance
Direct Material Direct Labor Standard Cost Data per 1 Unit Quantity Price 3 lbs $2.00/lb 2 hrs $4.00/hr Actual Data: Units produced Material purchase & usage Direct Labor Show all computations. 25 100 lbs at $2.20 per lb 30 hrs; total cost $129 a) Compute price variance, quantity variance, direct material variance b) Compute rate variance, efficiency variance, direct labor variance
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Given the following data, calculate product cost per unit under absorption costing. Direct labor RM 18 per unit Direct materials RM 12 per unit Overhead Total variable overhead RM 31,000 Total fixed overhead RM 101,000 Expected units to be produced 51,000 units Multiple Choice a.30.00 per unit b.30.61 per unit c.31.98 per unit d.32.59 per unit e.33.00 per unit
Inputs Standard Quantity Standard Price Direct materials 3.0 pounds $4.00 per pound Direct labor 0.50 hours $22.00 per hour Variable manufacturing overhead 0.50 hours $6.00 per hour Actual results: Actual output 2,000 units Actual variable manufacturing overhead cost $7,140 Actual Quantity Actual price Actual direct materials cost 6,500 pounds $3.80 per pound Actual direct labor cost 1,050 hours $21.60 per hour Enter a formula into each of the cells marked with a ? below Main Example: Chapter 10 Exhibit 10-4: Standard Cost Variance Analysis–Direct Materials Standard Quantity Allowed for the Actual Output, at Standard Price ? pounds × ? per pound = Actual Quantity of Input, at Standard Price ? pounds × ? per pound = ? Actual Quantity of Input, at Actual Price ? pounds × ? per pound = ? Direct materials…
Subject: general Accounting question
Account
Total product cost per unit under absorption costing = Units produced = 1000Direct Materials = $ 6Direct Labor = $10Fixed overhead =$ 6000Variable overhead = $ 6Fixed Selling & Admin = $ 2000Variable Selling & Admin $ 2
provide for chirs corporation what is the total standard unit cost?

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