Reference no: EM13551025

General Manufacturing Co. produces a strength and stamina enhancing beverage called stengamina.. The company has developed the following standards related to the manufacture of the beverage.:

Standards:
DM: Quantity 2 pints $4/pint
DL: Quantity 30 Minutes $8/hr

The following overhead budgeted overhead amounts were developed based on the company's expectation to work at the 10,000 direct labor hour level of activity and produce 20,000 bottles of product. Overhead is applied on the basis of direct labor hours.

VOH: $40,000
Fixed OH: $20000

Actual output: 18000 bottles
DM: 38000 @ $3.75/bottle
DL:9100 @ $8.10/hr

Actual VOH: $35700
Actual fixed: $21300

1.compute the standard costs of ONE unit of product.
2. Prepare a flexible budget for output of 18,000 20,000 and 22,000 units.
3. Prepare a flexible budget performance report for the actual level of production for the production costs.
4. Standard quantity of materials for actual output:
5. Standard quantity labor hours for actual output:
6.Compute direct materials price and quantity variances.
7. Compute direct labor price and efficiency variances.
8.Compute variable overhead spending and efficiency variances.
9.Compute fixed overhead spending and volume variances.