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6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Check my 12 Standard Standard Price Standard Unit Quantity (Rate) Cost Direct materials 75 .00 ( fiberglass) 15 sq. ft. $ 5 per sq. ft. $ 5 Direct labor 10 hrs. $ 15 per hr. 150 .00 Variable manufacturing points overhead (based on direct labor hours) 10 hrs. $ 6 per hr. 60 .00 Skipped Fixed manufacturing overhead ($24, 000 + 300 units) 80 . 00 eBook Rip Tide has the following actual results for the month of June: Print References Number of units produced and sold 312 Number of square feet of fiberglass used 4,920 Cost of fiberglass used $27, 552 Number of labor hours worked 3,060 Direct labor cost $47, 736 Variable overhead cost $14, 790 Fixed overhead cost $24, 600 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 46.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 12 Number of units produced and sold 312 Number of square feet of fiberglass used 4,920 Cost of fiberglass used $27, 552 Number of labor hours worked 3,060 5 Direct labor cost $47, 736 points Variable overhead cost $14, 790 Fixed overhead cost $24, 600 Skipped Required: eBook 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. Print 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. References 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the direct materials price, quantity, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance Required 1 Required 2 >6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 12 Number of units produced and sold 312 Number of square feet of fiberglass used 4,920 Cost of fiberglass used $27, 552 Number of labor hours worked 3, 060 5 Direct labor cost $47, 736 points Variable overhead cost $14, 790 Fixed overhead cost $24, 600 Skipped Required: eBook 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. Print 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. References 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance 6.3 Connect: Cases and Problems Assignment Saved Help Save & Exit Submit Check my work 12 Number of units produced and sold 312 Number of square feet of fiberglass used 4,920 Cost of fiberglass used $27, 552 Number of labor hours worked 3,060 5 Direct labor cost $47, 736 points Variable overhead cost $14, 790 Fixed overhead cost $24, 600 Skipped Required: eBook 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. Print 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. References 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable Overhead Rate Variance Variable Overhead Efficiency Variance Variable Overhead Spending Variance 6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 12 Number of units produced and sold 312 Number of square feet of fiberglass used 4,920 Cost of fiberglass used $27, 552 Number of labor hours worked 3,060 5 Direct labor cost $47, 736 points Variable overhead cost $14, 790 Fixed overhead cost $24, 600 Skipped Required: eBook 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. Print 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. References 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Fixed Overhead Spending Variance Fixed Overhead Volume Variance Required 3 Required 4 >

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