Shamrock Manufacturing Company uses a standard cost system in accounting for the cost of its main product. The followingstandards have been established for the direct manufacturing costs per unit:Direct materials (2 kg at $7.50 per kilogram)$15.00 per unitDirect labour (3 hours at $12 per hour)$36.00 per unitBudgeted overhead for the month of April (based on expected activity of 11,160 direct labour hours) is as follows:Overhead is applied based on labour hours. The average activity per month is 12,090 direct labour hours. The company calculatesoverhead rates based on average activity. Results for the month of April are as follows:Variable overhead $36,270Fixed overhead24.180Units produced3,906 Calculate the variable overhead spending, quantity, and budget variances. (Round answers to 2 decimal places, e.g. 15.20.)Total overhead$60,450Direct materials used (8,060 kg)Direct labour (11,780 hours)$55,614Variable spending variance$144,305Variable overhead35,340Variable efficiency variance$Fixed overhead24,800Total variable budget variance$Total costs$260,059There was no beginning or ending work in process inventory.

Name: Shamrock Manufacturing Company uses a standard cost system in account
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Shamrock Manufacturing Company uses a standard cost system in accounting for the cost of its main product. The followingstandards have been established for the direct manufacturing costs per unit:Direct materials (2 kg at $7.50 per kilogram)$15.00 p