Total pounds of direct materials purchased. Given information: August 2014, Direct material price variance is $179,300. Direct material price variance per pound is $1.10.

Question

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Answer 1

Question

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

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Answer 2

Question

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

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Answer 3

Question

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

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Answer 4

Question

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

Answer 6

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

Answer 7

Chapter 8, Problem 8.38P

1.a

To determine

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

Answer 8

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

Answer 9

b.

To determine

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

Answer 10

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

Answer 11

c.

To determine

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

Answer 12

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

Answer 13

d.

To determine

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

Answer 14

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

Answer 15

e.

To determine

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

Answer 16

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

Answer 17

f.

To determine

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.

Answer 18

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

Answer 19

2.

To determine

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

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Answer 23

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Total pounds of direct materials purchased. Given information: August 2014, Direct material price variance is $179,300. Direct material price variance per pound is $1.10.

To compute: Total pounds of direct materials purchased. Given information: August 2014, Direct material price variance is $179,300. Direct material price variance per pound is $1.10.

To compute: Total number of pounds of excess direct materials used. Given information: August 2014, Units produced are 20,000 units. Budgeted quantity of materials input for each output unit is 6 pounds. Efficiency variance is $75,900. Budgeted price of input is $11.50.

To compute: Variable manufacturing overhead spending variance. Given information: August 2014, Variable overhead efficiency variance is $18,100. Variable overhead flexible budget variance is $10,400.

To compute: Total number of actual direct manufacturing labor-hours used. Given information: August 2014, Direct manufacturing labor cost incurred is $535,500. Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced. Given information: August 2014, Total number of actual labor hours used as computed is 21,000 hours Efficiency variance is $40,000. Budgeted price of input is $25.

To compute: Production-volume variance. Given information: August 2014, Budgeted fixed overheads are $1,000,000. Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours) Labor hours allocated for actual output is 19,400 hours.

G’s control of variable manufacturing overhead items differs from its control of fixed manufacturing overhead items.

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Chapter 8 Solutions

To compute: Total pounds of direct materials purchased.

Given information:

August 2014,

Direct material price variance is $179,300.

Direct material price variance per pound is $1.10.

To compute: Total number of pounds of excess direct materials used.

Given information:

August 2014,

Units produced are 20,000 units.

Budgeted quantity of materials input for each output unit is 6 pounds.

Efficiency variance is $75,900.

Budgeted price of input is $11.50.

To compute: Variable manufacturing overhead spending variance.

Given information:

August 2014,

Variable overhead efficiency variance is $18,100.

Variable overhead flexible budget variance is $10,400.

To compute: Total number of actual direct manufacturing labor-hours used.

Given information:

August 2014,

Direct manufacturing labor cost incurred is $535,500.

Budgeted direct labor cost at 50,000 budgeted direct manufacturing labor-hour level for August is $1,250,000.

To compute: Total number of standard direct manufacturing labor-hours allowed for the units produced.

Given information:

August 2014,

Total number of actual labor hours used as computed is 21,000 hours

Efficiency variance is $40,000.

Budgeted price of input is $25.

To compute: Production-volume variance.

Given information:

August 2014,

Budgeted fixed overheads are $1,000,000.

Budgeted fixed overhead rate is $200 per hour($1,000,00050,000 labor hours)

Labor hours allocated for actual output is 19,400 hours.