The Following Data Are Given For Stringer Company Budgeted Production Actual Production Materials Standard Price Per O 1 (42.16 KiB) Viewed 21 times
The Following Data Are Given For Stringer Company Budgeted Production Actual Production Materials Standard Price Per O 2 (32.35 KiB) Viewed 21 times
The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. 966 units 1,071 units $1.82 10 11,031 $22,614 $14.62 per hour 4.2 5,515.65 $84,114 $1,153,000 $24.00 per standard labor hour $154,438
Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. Do not round interim calculations, Round your final answer to the nearest dollar. The direct materials price variance is Oa. $2,537 favorable Ob. $2,537 unfavorable Oc. 16.343 favorable Od. $6,341 unfavorable 10 11,031 $22,614 $14.62 per hour 4.2 5,515.65 $84,114 $1,153,000 $24.00 per standard labor hour $154,438
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!