Question list Question 1 Question 2 The Sullivan Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) The number of finished units budgeted for January 2020 was 9,940; 9,900 units were actually produced. (Click the icon to view actual data.) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Next determine the formula and calculate the costs for the flexible budget. Actual input Direct materials Direct manufacturing labor 99,400 97,500 4,900 $ x $ $ x $ D 4.90 4.90 30.00 x X Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 99,400 lb., at a total cost of $506,940. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. = $ 487,060 = $ 477,750 = $ 147,000 Budgeted price = Flexible budget cost =

Question list Question 1 Question 2 The Sullivan Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) The number of finished units budgeted for January 2020 was 9,940; 9,900 units were actually produced. (Click the icon to view actual data.) Direct materials (purchases) Direct materials (usage) Direct manufacturing labor Next determine the formula and calculate the costs for the flexible budget. Actual input Direct materials Direct manufacturing labor 99,400 97,500 4,900 $ x $ $ x $ D 4.90 4.90 30.00 x X Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 99,400 lb., at a total cost of $506,940. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. = $ 487,060 = $ 477,750 = $ 147,000 Budgeted price = Flexible budget cost =

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 3E: Salisbury Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost...

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