Bullseye Company Manufactures Dartboards Its Standard Cost Information Follows Standard Quantity 5 00 Sq Ft 1 Hrs S 1 (73.92 KiB) Viewed 29 times
Bullseye Company Manufactures Dartboards Its Standard Cost Information Follows Standard Quantity 5 00 Sq Ft 1 Hrs S 2 (28.43 KiB) Viewed 29 times
Bullseye Company Manufactures Dartboards Its Standard Cost Information Follows Standard Quantity 5 00 Sq Ft 1 Hrs S 3 (62.17 KiB) Viewed 29 times
Bullseye Company manufactures dartboards. Its standard cost information follows: Standard Quantity 5.00 sq. ft. 1 hrs. Standard Price (Rate) Standard Unit Cost Direct materials (cork board) $13.50 $ 2.70 per sq. ft. $11.00 per hr. Direct labor 11.00 1 hrs. $0.80 per hr. 0.80 Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($26,250 + 105,000 units) 0.25 Bullseye has the following actual results for the month of September: Number of units produced and sold 85,000 430,000 Number of square feet of corkboard used Cost of corkboard used $1,204,000 94,000 Number of labor hours worked Direct labor cost $ 949,400 Variable overhead cost $ 73,000 Fixed overhead cost $ 57,000 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Bullseye. 2. Calculate the direct labor rate, efficiency, and total spending variances for Bullseye. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct materials price, quantity, and total spending variances for Bullseye. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance < Required 1 Required 2 >
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the direct la Required 2 iency, and total spending variances for Bullseye. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance < Required 1 Required 3 >
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance < Required 2 Required 3
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