Question

cost accounting 5ed chapter 16 exercise 66; chart in excel format prepare a report that shows...

cost accounting 5ed chapter 16 exercise 66; chart in excel format

prepare a report that shows all variable production cost price and efficiency variances and fixed production cost price and production volume variances excel format

Units produced (actual)

42000

Master production Budget

Direct materials

$132,000

Direct labor

112000

Overhead

159200

Standard costs per unit

Direct materials

$1.65x2 gallons per unit of output

Direct labor

$14 per hour x 0.2 hour per unit

Variable overhead

$11.90 per direct labor hour

Actual costs

Direct materials purchased and used

$150,960 (81,600 gallons)

Direct labor

111,708 (8,560)

Overhead

163,200 (61% is variable)
Business   Accounting   
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Answer #1

Following is the detemination of budgeted production and budgeted fixed Cost :-

All the major variance have been computed along with formulas :-

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