ScholarMatic: Explanation & Answer
Your ready answer from a verified tutor is just a click away for as little as $14.99
Click Order Now to get 100% Original Answer Customized to your instructions!
In addition to the fragmentary data still legible on the performance report, your neighbor happened to remember the following facts.
- Planned production of Conundrum’s sole product was 500 units more than the actual production.
- All of the direct material purchased in January was used in production.
- There were no beginning or ending inventories.
- Variable and fixed overhead are applied on the basis of direct-labor hours. The fixed-overhead rate is $4.00 per hour.
Required:
Feeling guilty, you have agreed to help your neighbor reconstruct the following facts, which will be necessary for her presentation.
- Planned production (in units).
- Actual production (in units).
- Actual fixed overhead.
- Total standard allowed direct-labor hours.
- Actual direct-labor rate.
- Standard variable-overhead rate.
- Actual variable-overhead rate.
- Standard direct-material quantity per unit.
- Direct-material price variance.
- Applied fixed overhead.
- Fixed-overhead volume variance.
ScholarMatic: Explanation & Answer
Your ready answer from a verified tutor is just a click away for as little as $14.99
Click Order Now to get 100% Original Answer Customized to your instructions!
