I already did the labor . I just need for Material and for overhead please. Than

Question

I already did the labor . I just need for Material and for overhead please.
Thanks

The following data are given for the Beck Company for April this year: Budgeted productiorn Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in 26,000 units 27,500 units $6.50 228,000 production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed $1,504,800 $22 per hour 6.6 unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate 183,000 $4,020,000 $1,029,600 $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. Required: Prepare a schedule that computes Beck's Direct Labor Rate and Efficiency Variances for April.

Explanation / Answer

A Material Cost/Price variance Actual Price 6.6 =Actual Cost/Actual Pounds Consumed Standard Price 6.5 Variance -0.1 Actual quantity 228000 Direct Material Cost Variance -22800 Unfavourable Efficiecny/Usage Variance Actual Quantity 228000 Standard Quantity 220000 Variance -8000 Standard Price 6.5 Direct Material Quantity Variance -52000 Unfavourable B Labor Rate/Cost variance Actual Rate per hour 21.96721311 =Actual Labor cost/Actual Labor Hours Standard rate per hour 22 Variance -0.032786885 Actual hours 183000 Direct Labor cost variance -6000 Unfavourable Efficiency Variance Actual Direct labor hours 183000 Standard Direct Labor hours 181500 Variance -1500 Standard rate per hour 22 Direct Labor Variance Variance -33000 Unfavourable C Factory Overhead Variable overhead Efficiency Variance Standard Hours 181500 Actuals Hours 183000 Variance -1500 Standard rate 24.5 Variable Overhead efficiency Variance -36750 Unfavourable Expenditure Variance Standard Rate 24.5 Actual rate 24.69945355 Variance 0.199453552 Actual Hours 183000 Variable Overhead expenditure Variance 36500 Favourable Fixed Overhead Volume Variance Actual Output 27500 Standard rate 39.6 Total 1089000 Less : Budgted Fixed overhead 1029600 Variable Overhead efficiency Variance -59400 Unfavourable Expenditure Variance Budgted Fixed overhead 1029600 Actual Fixed overhead 1029600 Variable Overhead expenditure Variance 0 None

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