с 1 2 Standards for one of Patterson, Incorporated's products is shown below, along with actual cost data for the month: 3 4 Direct materials: 5 Standard 6 Actual 7 Direct labor: 8 Standard 9 Actual 10 Variable overhead: 11 Standard 2.4 yards @ 3.0 yards @ 0.6 hours @ 0.5 hours @ D 0.6 hours @ 0.5 hours @ E $2.75 per yard $2.70 per yard $18.00 per hour $22.00 per hour $7.00 per hour $7.10 per hour $6.60 10.80 4.20 G $21.60 $8.10 11.00 12 Actual 13 Total cost per unit 14 Excess of actual cost over standard cost per unit 15 16 Actual production for the month 13,500 units 17 Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. 18 19 Required: 20 Using formulas, compute the following. Input all numbers as positive amounts. 21 (Hint: This can be done using the ABS function). 22 23 (Use cells A5 to G14 and cell B16 from the given information, as well as cells A27 to D62 to complete this question. All formulas must return positive values. For each variance, 3.55 H $22.65 $1.05
с 1 2 Standards for one of Patterson, Incorporated's products is shown below, along with actual cost data for the month: 3 4 Direct materials: 5 Standard 6 Actual 7 Direct labor: 8 Standard 9 Actual 10 Variable overhead: 11 Standard 2.4 yards @ 3.0 yards @ 0.6 hours @ 0.5 hours @ D 0.6 hours @ 0.5 hours @ E $2.75 per yard $2.70 per yard $18.00 per hour $22.00 per hour $7.00 per hour $7.10 per hour $6.60 10.80 4.20 G $21.60 $8.10 11.00 12 Actual 13 Total cost per unit 14 Excess of actual cost over standard cost per unit 15 16 Actual production for the month 13,500 units 17 Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. 18 19 Required: 20 Using formulas, compute the following. Input all numbers as positive amounts. 21 (Hint: This can be done using the ABS function). 22 23 (Use cells A5 to G14 and cell B16 from the given information, as well as cells A27 to D62 to complete this question. All formulas must return positive values. For each variance, 3.55 H $22.65 $1.05
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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