Calculate the variable overhead efficiency

Reference no: EM131977431

Problem

	Standard Quantity or Hours	Standard Price or Rate
Direct materials	3 kilos	$3.00 per kilo
Direct labor	0.2 hours	$20.00 per hour
Variable Overhead	0.2 hours	$4.00 per hour

In June the company produced 9,100 units using 27,010 kilos of the direct material and 1,800 direct labor-hours. During the month the company purchased 27,010 kilos of the direct material at a price of $3.70 per kilo. The actual direct labor rate was $19.90 per hour and the actual variable overhead rate was $4.20 per hour. Variable overhead is applied on the basis of direct labor-hours.

Required:

a. Compute the materials quantity variance.
b. Compute the materials price variance.
c. Compute the labor efficiency variance.
d. Compute the labor rate variance.
e. Compute the variable overhead efficiency variance.
f. Compute the variable overhead rate variance.

Reference no: EM131977431

Questions Cloud

Defines the concepts related to conception : Defines the following concepts related to conception, development of the embryo and fetus:

What are the fixed and variable cost of the havana pantaloon : For the black and stripes together, what are the fixed and variable cost of the Havana pantaloons? Jack's discount rate is still 38%.

Compute the average manufacturing cost per unit : Stacy's Manufacturing Company manufactures parts. Compute the average manufacturing cost per unit. What is the amount of ending finished goods inventory?

Defines domestic violence : Mention and describe four (4) common types of abuse. Describe the three (3) phases of the cycle of violence.

Calculate the variable overhead efficiency : Compute the materials price variance. Compute the labor efficiency variance. Compute the labor rate variance. Calculate the variable overhead efficiency.

Create your won discussion prompt based on your research : Questioning compels thinking and , as thinkers, you assess what your read and incorporate knowledge with your prior understanding of the subject.

List epigenetic modification associated : 1. List epigenetic modification associated with A) transcriptional activation B) transcriptional repression.

List the different types of karyopherin : 1. List the different types of karyopherin (importing/exporting) with their respective cargo?

Compute the direct labor price and efficiency variances : The standard direct labor cost per unit for a company was $32. Compute the direct labor price and efficiency variances for the period.

User Account

All Pages