Question
In: Accounting
3.After much effort and analysis, you determined the following cost formulas and gathered the following actual...
3.After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March:
| Cost Formula | Actual Cost in March | ||
| Utilities | $16,900 + $0.18 per machine-hour | $ | 22,120 |
| Maintenance | $38,700 + $1.20 per machine-hour | $ | 55,300 |
| Supplies | $0.70 per machine-hour | $ | 13,100 |
| Indirect labor | $94,100 + $1.80 per machine-hour | $ | 129,200 |
| Depreciation | $68,200 | $ | 69,900 |
During March, the company worked 17,000 machine-hours and produced 11,000 units. The company had originally planned to work 19,000 machine-hours during March.
Required:
1. Calculate the activity variances for March.
2. Calculate the spending variances for March.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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a. dividing the actual cost for each activity pool by the estimated activity base for that pool.
b. dividing the cost budgeted for each activity pool by the actual activity base in that pool.
c. dividing the cost budgeted for each activity pool by the estimated activity base for that pool.
d. dividing the actual cost for each activity pool by the actual activity base for that pool.
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Q14-Q18 are based on this case: XTi Co. gathered the following actual results for the current...
Q14-Q18 are based on this case: XTi Co. gathered the following
actual results for the current month:
Actual Units
produced
1,200
Direct materials purchased 6,400 lbs. @ $11 per lb for $70,400;
and used 5,800 lbs.
Direct labor cost (2,150 hours @$22 per
hour)
$47,300
Manufacturing overhead costs incurred: $19,350 Variable and
$9,650 Fixed overhead.
The Static original budgeted production was 1,000 units. The
Input standards were:
Std Quantity x Std Price per input =Std
Cost per Output U...
Q14-Q18 are based on this case: XTi Co. gathered the following actual results for the current...
Q14-Q18 are based on this case: XTi Co. gathered the following
actual results for the current month:
Actual Units
produced
1,200
Direct materials purchased 6,400 lbs. @ $11 per lb for $70,400;
and used 5,800 lbs.
Direct labor cost (2,150 hours @$22 per
hour)
$47,300
Manufacturing overhead costs incurred: $19,350 Variable and
$9,650 Fixed overhead.
The Static original budgeted production was 1,000 units. The
Input standards were:
Std Quantity x Std Price per input =Std
Cost per Output U...
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