Robinwood Fixtures manufactures two products, K4 and X7. The company prepares its master budget on...
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Robinwood Fixtures manufactures two products, K and X The company prepares its master budget on the basis of standard costs. The following data are for September: K X Standards Direct materials pounds at $ per pound pound at $ per pound Direct labor hours at $ per hour hours at $ per hour Variable overhead per direct laborhour $ $ Fixed overhead per month $ $ Expected activity direct laborhours Actual results Direct material purchased and used pounds at $ per pound pounds at $ per pound Direct labor hours at $ per hour hours at $ per hour Variable overhead $ $ Fixed overhead $ $ Units produced actual units units Required: Prepare a variance analysis for each variable cost for each product. Prepare a fixed overhead variance analysis for each product. Note: For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, or U for unfavorable. If there is no effect, do not select either option.
Robinwood Fixtures manufactures two products, K and X The company prepares its master budget on the basis of standard costs. The following data are for September:
K X
Standards
Direct materials pounds at $ per pound pound at $ per pound
Direct labor hours at $ per hour hours at $ per hour
Variable overhead per direct laborhour $ $
Fixed overhead per month $ $
Expected activity direct laborhours
Actual results
Direct material purchased and used pounds at $ per pound pounds at $ per pound
Direct labor hours at $ per hour hours at $ per hour
Variable overhead $ $
Fixed overhead $ $
Units produced actual units units
Required:
Prepare a variance analysis for each variable cost for each product.
Prepare a fixed overhead variance analysis for each product.
Note: For all requirements, Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, or U for unfavorable. If there is no effect, do not select either option.
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