ITEM ACUTAL QUANTITY ACTUAL PRICE ACUTAL QUANTITY STANDARD PRICE STANDARD QUANTITY STANDARD PRICE PRICE VARIANCE...
60.1K
Verified Solution
Link Copied!
Question
Accounting
ITEM ACUTAL QUANTITY ACTUAL PRICE ACUTAL QUANTITY STANDARD PRICE STANDARD QUANTITY STANDARD PRICE PRICE VARIANCE QUANTITY VARIANCE TOTAL METAL TUBING 3,100 Meters $3.05 3,100 Meters $3.00 3000 $3.00 (155.00) ($300.00) $ (455.00) LEATHER 1,100sq Meters $7.02 1,100sq Meters $7.00 1000 $7.00 (22.00) ($700.00) $ (722.00) PADDING 1,600 Kilograms $4.10 1,600 Kilograms $4.00 1500 $4.00 (160.00) ($400.00) $ (560.00) ITEM ACTUAL HOURS ACTUAL RATE ACTUAL HOURS STANDARD RATE STANDARD HOURS STANDARD RATE RATE VARIANCE ESTITMATED VARIANCE TOTAL DIRECT LABOR 1,800 HRS $15.15 1,800 HRS $15.00 2000 $15.00 $ (270.00) $3,000.00 $ 2,730.00 TOTAL (607.00) $1,600.00 $ 993.00
| ITEM | ACUTAL QUANTITY | ACTUAL PRICE | ACUTAL QUANTITY | STANDARD PRICE | STANDARD QUANTITY | STANDARD PRICE | PRICE VARIANCE | QUANTITY VARIANCE | TOTAL |
| METAL TUBING | 3,100 Meters | $3.05 | 3,100 Meters | $3.00 | 3000 | $3.00 | (155.00) | ($300.00) | $ (455.00) |
| LEATHER | 1,100sq Meters | $7.02 | 1,100sq Meters | $7.00 | 1000 | $7.00 | (22.00) | ($700.00) | $ (722.00) |
| PADDING | 1,600 Kilograms | $4.10 | 1,600 Kilograms | $4.00 | 1500 | $4.00 | (160.00) | ($400.00) | $ (560.00) |
| ITEM | ACTUAL HOURS | ACTUAL RATE | ACTUAL HOURS | STANDARD RATE | STANDARD HOURS | STANDARD RATE | RATE VARIANCE | ESTITMATED VARIANCE | TOTAL |
| DIRECT LABOR | 1,800 HRS | $15.15 | 1,800 HRS | $15.00 | 2000 | $15.00 | $ (270.00) | $3,000.00 | $ 2,730.00 |
| TOTAL | (607.00) | $1,600.00 | $ 993.00 |
1)What would you tell Susan and Bob based on the number above of how manufacturing operations for the month went?
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.