help answering 1-10

Explanation Show correct answers 8 Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May Standard Cost per Actual cost per Unit ints awarded Unit Scored $ 9.12 $ 9.62 29.00 eBook Direct materials: Standard: 1.90 feet at $4.80 per foot Actual: 1.85 feet at $5.20 per foot Direct labor: Standard: 1.45 hours at $20.00 per hour Actual: 1.5e hours at $19.50 per hour Variable overhead: Standard: 1.45 hours at $10.00 per hour Actual: 1.50 hours at 59.60 per hour Total cost per unit Excess of actual cost over standard cost per unit 29.25 Print 14.50 References 14.40 $ 53.27 $52.62 $0.65 The production superintendent was pleased when he saw this report and commented. This $0.65 excess cost is well within the 4 percent limit management has set for acceptable variances. It's obvious that there's not much to worry about with this product Actual production for the month was 19.500 units. Vorlable overhead cost is assigned to products on the basis of direct labor hours. There were no beginning or ending inventories of materials MC be here to search CU 9 A4000 Required: 1. Compute the following variances for May a. Materials price and quantity variances b. Labor rate and efficiency variances. c. Variable overhead rate and efficiency variances. 2. How much of the $0.65 excess unit cost is traceable to each of the variances computed in (1) above. 3. How much of the $0.65 excess unit cost is traceable to apparent inefficient use of labor time? awarded ored Book Complete this question by entering your answers in the tabs below. Print rences Required 1 Required 2 Required 3 la. Compute the following variances for May, materials price and quantity variances. Compute the following variances for May, labor rate and effic cy variances. 1c. Compute the following variances for May, variable overhead rate and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None' for no effect (ie, zero variance). Input all amounts as positive values.) Show less re to search Rie NA! A todo 31 7/28 Explanation Show corre no 1a $ 14,430 > U F 1b 0000 F Materials price variance Materials quantity variance Labor rate varance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance warded $ 4,680 $ 14,625 $ 19,500 $ 11,700 OOOO U F 1c ed IS 9,750 U > OK Required 1 Required 2 > nt ences Explanation 1 to search Die CWU 15 ED Ch. 9 Flexible Budgeting) Submitted 25/25 Total points awarded Help Exi Explanation Show correct answers Required 1 Required 2 Required 3 How much of the $0.65 excess unit cost is traceable to each of the variances computed in (1) above. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values, Round your answers to 2 decimal places.) awarded Sred Materials Price variance Book S 0.74U 0.24 F 0.50 U 0.75 F 1.00U 0.25 U > Quantity vanance Labor Rate variance Emiciency variance Variable overhead. Rate variance Emiciency variance Excess of actual over standard cost per unit 0.60 F 0.50 U 0.10 F S 0.65 U > ere to search Bile A 40 Explanation Show correct answ Required 1 Required 2 Required 3 How much of the $0.65 excess unit cost is traceable to apparent inefficient use of labor time? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round your final answers to 2 decimal places.) $ 0.65 U Excess of actual over standard cost per unit Less portion attributable to labor inefficiency Labor efficiency variance Variable overhead efficiency variance Portion due to other variances 1.00 0.50 >$ U U U 1.50 0.85 $ O F U F 1b 0000 F Materials price variance Materials quantity variance Labor rate varance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance warded $ 4,680 $ 14,625 $ 19,500 $ 11,700 OOOO U F 1c ed IS 9,750 U > OK Required 1 Required 2 > nt ences Explanation 1 to search Die CWU 15 ED Ch. 9 Flexible Budgeting) Submitted 25/25 Total points awarded Help Exi Explanation Show correct answers Required 1 Required 2 Required 3 How much of the $0.65 excess unit cost is traceable to each of the variances computed in (1) above. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values, Round your answers to 2 decimal places.) awarded Sred Materials Price variance Book S 0.74U 0.24 F 0.50 U 0.75 F 1.00U 0.25 U > Quantity vanance Labor Rate variance Emiciency variance Variable overhead. Rate variance Emiciency variance Excess of actual over standard cost per unit 0.60 F 0.50 U 0.10 F S 0.65 U > ere to search Bile A 40 Explanation Show correct answ Required 1 Required 2 Required 3 How much of the $0.65 excess unit cost is traceable to apparent inefficient use of labor time? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round your final answers to 2 decimal places.) $ 0.65 U Excess of actual over standard cost per unit Less portion attributable to labor inefficiency Labor efficiency variance Variable overhead efficiency variance Portion due to other variances 1.00 0.50 >$ U U U 1.50 0.85 $ O F