We are analyzing 2 products product Hamburgers(HB)and Double Deckers(DD) Product HB requires 1...
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Accounting
- We are analyzing 2 products product Hamburgers(HB)and Double Deckers(DD)
- Product HB requires 1 Patty (P) and 2 Buns (B)
- Product Y requires 2 Patties (P) and 3 Buns B)
- The standard cost for P is $1 per unit.
- The standard cost for B is $0.50 per unit.
- During this month, the company purchased 5,000 Ps for $4,950 (there was no beginning balance).
- During this month, the company purchased 5,000 units of Bs for $2,600. (there was no beginning balance).
- During the month the company produced 500 HBs and 1000 DDs.
- During the month the company used 2520 units of Ps and 3975 units of Bs.
- Payroll was $315, with 16 hours (this is actual - direct labor only).
- Each burger requires 1/100 of an hour for Direct Labor
- Labor standard cost is $20 per hour.
- Product HB requires 1 Patty (P) and 2 Buns (B)
- Product Y requires 2 Patties (P) and 3 Buns B)
- The standard cost for P is $1 per unit.
- The standard cost for B is $0.50 per unit.
- During this month, the company purchased 5,000 Ps for $4,950 (there was no beginning balance).
- During this month, the company purchased 5,000 units of Bs for $2,600. (there was no beginning balance).
- During the month the company produced 500 HBs and 1000 DDs.
- During the month the company used 2520 units of Ps and 3975 units of Bs.
- Payroll was $315, with 16 hours (this is actual - direct labor only).
- Each burger requires 1/100 of an hour for Direct Labor
- Labor standard cost is $20 per hour.
hint: for production of both X and Y
Questions 1-27: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions.
2.Use the information given in Problem I.
Use standard cost information for all calculations except as noted below.
| Department | $Costs | Activity Cost Driver |
| Frying | $375
| Patties |
| Baking | $480
| Buns |
Questions 28-49: Suggestion: use the worksheet to complete the problem first, then answer the questions.
I need help on question 2
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