SWFT Comprehensive Volume 2019
42nd Edition
ISBN: 9780357233306
Author: Maloney
Publisher: Cengage
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- The standard cost of Wayfarer Boots includes 4 units of direct materials at $11.50 per unit. During August, the company buys 35,000 units of direct materials at $10.80 and uses those materials to produce 8,000 units. Compute the total, price, and quantity variances for materials. Need helparrow_forwardThe standard cost of Wayfarer Boots includes 4 units of direct materials at $11.50 per unit. During August, the company buys 35,000 units of direct materials at $10.80 and uses those materials to produce 8,000 units. Compute the total, price, and quantity variances for materials.arrow_forwardCan you explain the correct methodology to solve this general accounting problem?arrow_forward
- Total costs were $82,500 when 30,000 units were produced and $102,000 when 40,000 units were produced.arrow_forward2 pointsarrow_forwardThe standard cost of Product ZX includes 5 hours of direct labor at $16 per hour. The predetermined overhead rate is $28 per direct labor hour. During August, the company incurred 5,300 hours of direct labor at an average rate of $15.75 per hour and $139,400 of manufacturing overhead costs. It produced 1,100 units. Compute the total overhead variance.arrow_forward
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