60.1K

Verified Solution

Link Copied!

Problem 16-71 (Algo) Find Actual and Budget Amounts from Variances (LO 16-5, 6) J&W Corporation manufactures a new electronic game console. The current standard cost sheet for a game console follows. Direct materials, ? kilograms at $8 per kilogram Direct labor, 0.75 hours at ? per hour Overhead, 0.75 hours at ? per hour Total costs $ ? per game ? per game ? per game $45 per game Assume that the following data appeared in J&W's records at the end of the past month. 42,000 units 39,000 units Actual production Actual sales Materials (124,500 kilograms) Materials price variance Materials efficiency variance Direct labor price variance Direct labor (30,500 hours) Underapplied overhead (total) 51,000 U 38,400 U 15, 250 U 536, 800 19,200 U There are no materials inventories. Required: a-1. Complete the standard cost sheet for a game console given below. a-2. Prepare a variance analysis for direct materials and direct labor. b. Assume that all production overhead is fixed and that the $19,200 underapplied is the only overhead variance that can be computed. What are the actual and applied overhead amounts? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Reg B Complete the standard cost sheet for a game console given below. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direct materials, Direct labor, 0.75 hours at Overhead, 0.75 hours at Total costs kilograms at $8 per kilogram per hour per hour per game per game per game 45 per game $ Reg A1 Req A2 >

Answer & Explanation Solved by verified expert

See Answer