In: Accounting
1. Tobias makes white T-shirts in lots of 12 that they sell for $12 per lot. This month they plan to make and sell 500 lots and have the following standards:
DM: 12 meters per lot @ $1.50 per meter
DL: 2 DLH per lot @ $16.00/hour
VOH: $10.00 per DLH
FOH: $9,000 per month
Actual results for the month are:
525 lots made and sold with 12,920 in DM for 7,290 meters of material and 16,900 for 1,115 DLH and 9,570 in VOH and 9,190 in fixed OH.
Enter a negative number for unfavorable variances and a positive number for favorable variances.
Calculate the VOH Rate Variance
2.
Tobias makes white T-shirts in lots of 12 that they sell for $12 per lot. This month they plan to make and sell 500 lots and have the following standards:
DM: 12 meters per lot @ $1.50 per meter
DL: 2 DLH per lot @ $16.00/hour
VOH: $10.00 per DLH
FOH: $9,000 per month
Actual results for the month are:
565 lots made and sold with 12,250 in DM for 7,240 meters of material and 8,600 for 1,095 DLH and 10,470 in VOH and 9,405 in fixed OH.
Enter a negative number for unfavorable variances and a positive number for favorable variances.
Calculate the DM Efficiency Variance