942 Units 1 026 Units 1 75 10 The Following Data Are Given For Stringer Company Budgeted Production Actual Production 1 (22.55 KiB) Viewed 37 times
942 Units 1 026 Units 1 75 10 The Following Data Are Given For Stringer Company Budgeted Production Actual Production 2 (20.35 KiB) Viewed 37 times
942 units 1,026 units $1.75 10 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 10,568 $21,664 $14.29 per hour 5,283.9 $80,579 Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,045,000 $25.00 per standard labor hour $147,949 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 3,170.00 favorable
$1.75 10 10,568 $21,664 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 $14.29 per hour 4.4 5,283.9 $80,579 $1,045,000 $25.00 per standard labor hour $147,949 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 3.170.00 verble Ob. 3.170.00 univorable Oc. 539.00 unfavorable Od. 519.00 favorable
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