Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hi! i n eed help with problem. thanks a bunch!

Hi! I n eed help with problem. Thanks a bunch! :)...

70.2K

Verified Solution

Question

Accounting

Hi! I n

image

eed help with problem.

Thanks a bunch! :)

Chapter 22 Performance Evaluation Using Variances from Standard Costs 1069 va. Direct materials price variance, $10,100 PR 22-3B Direct materials, direct labor, and factory overhead cost variance OBJ. 3, analysis Road Gripper Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 4,160 tires were as follows: Actual Costs 101,000 lbs, at $6.50 2,000 hrs, at $1540 Standard Costs Direct materials Direct labor Factory overhead 100000 Ibs at $6.40 2,080 hrs, at $15.75 Rates per direct labor ht, based on 1 00% of normal capacity of 2,000 direct labor hrs Variable cost, $4.00 Fixed cost, $6.00 58,200 variable cost 12,000 fixed cost Each tire requires 0.5 hour of direct labor Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time vari- ance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead oost variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

point Library Michigan Chap16Sec3 Q47 pg Let W be the solid half cone bounded by...

Advance Math
1.2K views

use euclidean algorithm to find integers m,n such that 1693m+2019n=1

Physics
1.2K views

An unstable atomic nucleus of mass 1.84 x 10^-26 kg initially at rest disintegrates into...

Basic Math
1.2K views

Explain how the complement can be used to find the probability of getting at least...

Statistics
1.2K views

10 An economist collects income data by selecting and interviewing subjects now then going back...

Calculus
1.2K views

3 14 pts Use the graph of f x below to ans a Determine where...

Algebra
1.2K views

Use Desmos or a Graphing Calculator to solve the equation 4 2 11

Accounting
1.2K views

Cleaning Services Emmas Tidy Team has been hired to clean the common areas of a...

Accounting
1.2K views

The Days' Sales in Inventory is a measure of: Solvency Liquidity Efficiency Profitability

Accounting
1.2K views

27. The largest single institutional owner of common stocks is A. O mutual funds B....

Accounting
1.2K views

Almond, Incorporated uses a balanced scorecard. One of the measures on the scorecard is the...

Accounting
1.2K views

Question 3 Every time payroll rates are changed by government legislation (e.g., EI, CPP or...