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In: Accounting

We are analyzing 2 products – product X and product Y. Product X requires 3 Part...

We are analyzing 2 products – product X and product Y. Product X requires 3 Part As and 4 Part B’s. Product Y requires 2 Part A’s and 3 Part B’s. The standard cost for Part A is $12 per unit. The standard cost for Part B is $24 per unit. During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance). During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance). During the month the company produced 500 Xs and 1000 Ys. During the month the company used 3550 units of Part A and 4975 units of Part B. Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only). X uses 12 standard direct labor hours. Y uses 14 standard direct labor hours. Labor standard cost is $20 per hour. hint: for production of both X and Y Questions 1-25: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions.

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ekkarill92 answered 2 years ago
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