(Solved) Mittrell Company produces chairs and has determined the following direct cost categories and ...

Mittrell Company produces chairs and has determined the following direct cost categories and budgeted amounts:
         Standard Inputs   Standard Cost
      Category   for 1 output   per input
   Direct Materials   1.00      $9.50
   Direct Labour   0.60       12.00
   Direct Marketing   0.20      2.50

Actual performance for the company is shown below:

   Actual output: (in units)   5,000
   Direct Materials:
     Materials costs    $41,625
     Input purchased and used    4,500
     Actual price per input    $9.25
   Direct Manufacturing Labour:
     Labour costs    $35,125
     Labour-hours of input    2,810
     Actual price per hour    $12.50
   Direct Marketing Labour:
     Labour costs   $3,080
     Labour-hours of input   1,100
     Actual price per hour   $2.80

Required:
a.   What is the combined total of the flexible-budget variances?
b.   What is the rate variance of the direct materials?
c.   What is the rate variance of the direct manufacturing labour and the direct marketing labour, respectively?
d.   What is the efficiency variance for direct materials?
e.   What are the efficiency variances for direct manufacturing labour and direct marketing labour, respectively?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Mittrell Company produces chairs and has determined the following direct cost categories and ...

Cost Accounting: A Managerial Emphasis, Canadian Edition

Related Topics