The following is the data for manufacturing solar panels for the month of June: Direct Direct Materials Labor Actual price per 0.50 unit of input 2.00 Std price per unit of input 0.45 2.50 Actual units of 285,300.00 400,280.00 input Actual units of 100,000.00 100,000.00 output It takes 30 units of direct materials and 40 hrs to produce 10 solar panel. Required: Compute for the Material Price, Efficiency and Flexible Budget Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance. Please use 2 decimal.places. Indicate "U" for Unfavorable and "F" if Favorable. (ex. 100 U)
The following is the data for manufacturing solar panels for the month of June: Direct Direct Materials Labor Actual price per 0.50 unit of input 2.00 Std price per unit of input 0.45 2.50 Actual units of 285,300.00 400,280.00 input Actual units of 100,000.00 100,000.00 output It takes 30 units of direct materials and 40 hrs to produce 10 solar panel. Required: Compute for the Material Price, Efficiency and Flexible Budget Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance. Please use 2 decimal.places. Indicate "U" for Unfavorable and "F" if Favorable. (ex. 100 U)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following is the data for manufacturing solar panels for the month of
June:
Direct
Direct
Materials
Labor
Actual price per
0.50
unit of input
2.00
Std price per unit
of input
0.45
2.50
Actual units of
285,300.00
400,280.00
input
Actual units of
100,000.00
100,000.00
output
it takes 30 units of direct materials and 40 hrs to produce 10 solar panel.
Required: Compute for the Material Price, Efficiency and Flexible Budget
Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance.
Please use 2 decimal.places. Indicate "U" for Unfavorable and "F" if Favorable.
(ex. 100 U)
MPV
Transcribed Image Text:It takes 30 units of direct materials and 40 hrs to produce 10 solar panel.
Required: Compute for the Material Price, Efficiency and Flexible Budget
Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance.
Please use 2 decimal places. Indicate "U" for Unfavorable and "F" if Favorable.
(ex. 100 U)
MPV
MEV
MFBV
LRV
LEV
LFBV
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