been a whirlwind of a year for Vaughn Corporation, with things happening so quickly that...
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been a whirlwind of a year for Vaughn Corporation, with things happening so quickly that management hadn't had time to update inventory balances or the amount of gross margin generated on its products. Needless to say, it was time someone evaluated company progress. The accounting team gathered the following information. Standard Quantity per Unit DM pounds DL DL hours VariableMOH machine hours FixedMOH machine hours Standard Price DM$ per pound DL per DL hour VariableMOH $ per machine hour FixedMOH$ per machine hour Other key budgeted and actual information: Actual units produced: Actual DM quantity purchased: pounds at $ per pound. Actual DM quantity used: pounds. Actual DL hours used: hours at $ per hour. Actual machine hours used: Actual variableMOH cost was $; budgeted variableMOH cost was $ Actual fixedMOH cost was $; budgeted fixedMOH cost was $ Please find: Price Variance for DM Price variance for DL Price Variance for Variable MOH Volume Variance for fixed MOH
been a whirlwind of a year for Vaughn Corporation, with things happening so quickly that management hadn't had time to update inventory balances or the amount of gross margin generated on its products. Needless to say, it was time someone evaluated company progress. The accounting team gathered the following information.
Standard Quantity per Unit
DM pounds
DL DL hours
VariableMOH machine hours
FixedMOH machine hours
Standard Price
DM$ per pound
DL per DL hour
VariableMOH $ per machine hour
FixedMOH$ per machine hour
Other key budgeted and actual information: Actual units produced:
Actual DM quantity purchased: pounds at $ per pound.
Actual DM quantity used: pounds. Actual DL hours used: hours at $ per hour.
Actual machine hours used: Actual variableMOH cost was $; budgeted variableMOH cost was $ Actual fixedMOH cost was $; budgeted fixedMOH cost was $
Please find:
Price Variance for DM
Price variance for DL
Price Variance for Variable MOH
Volume Variance for fixed MOH
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