А B C D E F G H J The Tyler Co. makes plastic boats. Each boat is expected to use 60 lbs. of direct material with a budg

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А B C D E F G H J The Tyler Co. makes plastic boats. Each boat is expected to use 60 lbs. of direct material with a budgeted cost of $5.50 prt lb. It take 1.5 dirct labor hours to complete a boat and workers are paid $16.00 per hour. The overhead rate assumes production of 450 boats per month. The flexible budget for overhead is: $2,808 + ($5.76 X Num. of boats) DAWN 2 During April, Tyler produced 430 boats and had the following actual results: 3 Direct material purchased 30,000 lbs. @ $5.30 per lb. 5 Direct materials used 27,000 lbs Direct labor 670 hours @ $15.90 per hour 7 Actual overhead $5,335 8 9 Required (5 points each): 10 1. Compute the total standard cost per boat 11 2. Compute the total material variance 12 3. Compute the material price variance 13 4. Compute the material quantity variance 14 5. Compute the total labor variance 15 6. Compute the labor price variance 16 7. Compute the labor quantity variance 17 8. Compute the total overhead variance. 18 9. Suppose the cost function for variable overhead was $3.84 per labor hour instead of $5.76 per boat. 19 Recompute the overhead variance and compare to the previous calculation. 20 21