Reference no: EM13343717
Straightforward variance analysis
Arrow Enterprises uses a standard costing system. The standard cost sheet for product no. 549 follows.
|
Direct materials: 4 units @ $6.50
|
|
$26.00
|
|
Direct labor: 8 hours @ $8.50
|
|
68
|
|
Variable factory overhead: 8 hours
|
@ $7.00
|
56
|
|
Fixed factory overhead: 8 hours
|
@ 2.5
|
20
|
|
Total standard cost per unit
|
|
$170.00
|
The following information pertains to activity for December:
1. Direct materials acquired during the month amounted to 26,350 units at $6.40 per unit. All materials were consumed in operations.
2. Arrow incurred an average wage rate of $8.75 for 51,400 hours of activity.
3. Total overhead incurred amounted to $508,400. Budgeted fixed overhead totals $1.8 million and is spread evenly throughout the year.
4. Actual production amounted to 6,500 completed units.
Instructions:
a. Compute Arrow's direct material variances.
b. Compute Arrow's direct labor variances.
c. Compute Arrow's variances for factory overhead.
|
Compute the ratio of [ca2+] to [fe2+] in a lake
: Calculate the ratio of [Ca2+] to [Fe2+] in a lake in which the water is in equilibrium with deposits of both CaCO3 and FeCO3, assuming that the water is slightly basic and that the hydrolysis of the carbonate ion can therefore be ignored.
|
|
Calculate the heat conduction rate along the rod
: One end of a 46-cm-long copper rod with a diameter of 2.8cm is kept at 490?C, and the other is immersed in water at 24?C. Calculate the heat conduction rate along the rod
|
|
What is the length of its image in the mirror
: A straight object of length 2.7 cm lies along the central axis of a spherical mirror with focal length 8.5 cm. What is the length of its image in the mirror
|
|
Find the speeds of both picks after the bump
: An air-hockey puck floats across the table and bumps into a second puck, initially at rest. The first puck (mass 0.0250 kg) is moving initially due East at 5.50 m/s. Find the speeds of both picks after the bump
|
|
Find arrows variances for factory overhead
: Evaluate Arrow's direct material variances, compute Arrow's direct labor variances and find Arrows variances for factory overhead.
|
|
What could be the frequency of the tuning fork
: A 0.0100 kg wire, 2.00 m long, is fixed at both ends and vibrates in its simplest mode under a tension of 185 N. What could be the frequency of the tuning fork
|
|
Explain the benefit of using flexible budgets
: Prepare a flexible budget for 20,000, 22,500, and 25,000 units of activity and was Centron's experience in the quarter cited better or worse than anticipated? Prepare an appropriate performance report and explain your answer.
|
|
What was the magnitude of the dryers angular acceleration
: A clothes dryer is spinning at 75 rpm. A student opens its door and it comes to rest after rotating through four revolutions. What was the magnitude of the dryer's angular acceleration
|
|
Evaluate the fixed overhead volume variance
: calculate the Variable overhead efficiency variance and fixed overhead volume variance and overhead spending variance
|