1. 2. Project. Student Name. College. Table of Contents

Added on - 23 Sep 2019

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1ProjectStudent NameCollege
2Table of ContentsAnswer 8.39.....................................................................................................................................3Part 1............................................................................................................................................3Part 2............................................................................................................................................3Answer 9.22.....................................................................................................................................5Part A...........................................................................................................................................5Part B...........................................................................................................................................5Part C...........................................................................................................................................5Part D...........................................................................................................................................6
3Answer 8.39Part 1Total Fixed Manufacturing Overhead-2012= Direct Manufacturing Hours * Cost Per hour= 40,000 * $8= $320,000Schedulefor Jan-2012InputCostDirectmaterialscost23,100 lb. at $5.20 per lb$ 120,120Directmanufacturinglabour40,000 hrs. at $14.60 per hr.$ 584,000Manufacturingoverhead$ 560,000Variable$ 240,000Fixed$ 320,000Standardmanufacturingcost$ 1,264,120*Variable manufacturing overhead= Total Mfg. Overhead – Fixed Mfg. Overhead= $600,000 - $320,000= $240,000Part 2ActualBudgetedVarianceVariance%F/UDirectMaterialprice$ 5.20$ 5.00$ 0.204.00%UnfavourableDirectmaterialsefficiencyvariance2.963.00-0.04-1.28%FavourableDirectmanufacturinglabourpricevariance$ 14.60$15.00$ (0.40)-2.67%FavourableDirectmanufacturinglabourefficiencyvariance5.145.000.142.82%UnfavourableTotalmanufacturingoverheadspendingvariance$ 600,000$ 594,000$6,0001.01%UnfavourableVariablemanufacturingoverheadefficiencyvariance$ 30.77$30.00$ 0.772.56%UnfavourableProductionvolumevariance7,8008,333-533-6.40%Unfavourable
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