actures awnings and uses t labor han a standard cost system. The company allocat

Question

actures awnings and uses t labor han a standard cost system. The company allocates overhead based Act iew the s Standard Price and Volume late the s Standards: Direct materials 24.0 yards per awning at $11.00 per yard Direct labor 5.0 hours per awning at $12.00 per hour Variable MOH standard rate $6.00 per direct labor hour Predetermined fixed MOH standard rate $10.00 per direct labor hour Total budgeted fixed MOH cost $93,500 Print Done late the iations u ula for the price variance, then compute the price variance for direct materials. r enter any number in the input fields and then continue to the next question

Explanation / Answer

1.

Working:

2-b

Working:

Statdard cost of one awning Qty Price Value Direct material 24 11 264 Direct labor 5 12 60 Variable manufacturing overhead 5 6 30 Fixed manufacturing overhead 5 10 50 Standard cost of one awning 404

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