Qw.25. Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below.Direct materials-1 pound plastic at $7.00 per poundDirect labor-1.6 hours at $12.00 per hourVariable manufacturing overheadFixed manufacturing overheadTotal standard cost per unitDirect materials (5,100 pounds)Direct labor (7,400 hours)Variable overheadFixed overheadTotal manufacturing costs$36,72092,50059,70021,000$.7.0019.20$209,92012.00The predetermined manufacturing overhead rate is $10 per direct labor hour ($16.00 +1.6). It was computed from a mastermanufacturing overhead budget based on normal production of 8,000 direct labor hours (5,000 units) for the month. The masterbudget showed total variable costs of $60,000 ($7.50 per hour) and total fixed overhead costs of $20,000 ($2.50 per hour). Actualcosts for October in producing 4,800 units were as follows.4.00$42.20 The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Rawmaterials inventories, therefore, can be ignored.Compute the overhead controllable variance and the overhead volume variance.Overhead controllable varianceOverhead volume variance

Name: Qw.25. Rogen Corporation manufactures a single product. The standard c
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Description: Qw.25. Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below.Direct materials-1 pound plastic at $7.00 per poundDirect labor-1.6 hours at $12.00 per hourVariable manufacturing overheadFixed manufacturin

Given Actual costs for October in producing 4,800 total variable costs of $60,000 ($7.50 per hour)…

Business

Accounting

The purchasing department buys the quantities of raw materials that are expected to be used in materials inventories, therefore, can be ignored. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variance $

The purchasing department buys the quantities of raw materials that are expected to be used in materials inventories, therefore, can be ignored. Compute the overhead controllable variance and the overhead volume variance. Overhead controllable variance $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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