Actual Units Recliners Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Root 1 (35.71 KiB) Viewed 10 times
Actual Units Recliners Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Root 2 (35.71 KiB) Viewed 10 times
Actual Units Recliners Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Root 3 (24.96 KiB) Viewed 10 times
Actual Units (Recliners) Sales Revenue Variable Manufacturing Costs Direct Materials Direct Labor Variable Overhead Root Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Root alocates overhand based on yards of direct materials. The company's performance report includes the following selected data (Click the icon to view the selected data) Read the requirements Requirement 1, Prepare a flexible budget based on the actual number of recliners sold. (Round budget amounts per unit to the nearest cent) Root Recliners Flexible Budget Budget Amounts per Unit $ Direct materials cost variance Direct labor cost variance 496.00 $ 5340 120.00 30.00 980 485,100 52.332 117,600 29.400 Part 2 of 7 60,000 259.332 225.768 Points: 0.51 of 2 Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold Gross Prof Requirement 2. Compute the cost variance and the efficiency variance for direct materials and for direct labor. For manufacturing overhead, compute the variable overhead cost, variable overhead efficiency, fixed overhead cost, and fixed overhead volume variances. Round to the nearest dollar. Formula Save Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identity whether each variance is favorable (F) or unfavorable (U). (Round your answers to the nearest whole dollar. Abbreviations used: AC actual cost; AQ actual quantity, FOH = fixed overhead SC standard cost SQ standard quantity) Variance
Sales flevere Dived Maler Direct Labor Vanable Or Fixed Manua Fixed Ovem Total Cost of O Requirement 2 overhead cost Begin with the c favorable (F) or ver C Drect mataas Direct labor co S4500 45.100 Data table Sales (1.000 reciners x $495 ch 100 reciners $450 each) Variable Manufacturing Cost Direct Materials 08.000 yds 1880/y) (0.143 yu@$8.70/) (10,000 DLH@$12.00/DL) (9.000 DLH$12/10/DL) Variable Overhead (8.000 yds @ $500/d 00.143 yds 56.40/y) Direct Labor Fixed Manufacturing Costs Fixed Overhead Total Cost of Goods Sold Print Static Budget (1,000 recliners) $ 405,000 Done 53.400 120.000 30.000 00.000 263,400 231.000 Actual Results (900 recliners) S 470,400 53,444 110,100 30.315 $2,000 270919 199.481 X the variable n variance is fed
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