2
answers
0
watching
12
views
tealtrout662Lv1
6 Nov 2019
I previously submitted thisquestion and about 20% of the answers were wrong. The red x marksthe wrong answers. Please answer correctly and show work. Thankyou.
Problem 10-9 Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3] Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products According to the standards that have been set for the seat covers, the factory should work 1,045 hours each month to produce 2,090 sets of covers. The standard costs associated with this level of production are Per Set Direct materials Direct labor Variable manufacturing Total of Covers $49,533 $23.70 $10,450 5.00 overhead (based on direct labor-hours) $ 4,5982.20 $30.90 During August, the factory worked only 800 direct labor-hours and produced 1,900 sets of covers. The following actual costs were recorded during the month Per Set Total of Covers $44,460 $23.40 $ 9,880 5.20 $ 4,560 2.40 Direct materials (6,500 yards) Direct labor Variable manufacturing overhead $31.00 At standard, each set of covers should require 3.00 yards of material. All of the materials purchased during the month were used in production Show transcribed image text
I previously submitted thisquestion and about 20% of the answers were wrong. The red x marksthe wrong answers. Please answer correctly and show work. Thankyou.
Problem 10-9 Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3] Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products According to the standards that have been set for the seat covers, the factory should work 1,045 hours each month to produce 2,090 sets of covers. The standard costs associated with this level of production are Per Set Direct materials Direct labor Variable manufacturing Total of Covers $49,533 $23.70 $10,450 5.00 overhead (based on direct labor-hours) $ 4,5982.20 $30.90 During August, the factory worked only 800 direct labor-hours and produced 1,900 sets of covers. The following actual costs were recorded during the month Per Set Total of Covers $44,460 $23.40 $ 9,880 5.20 $ 4,560 2.40 Direct materials (6,500 yards) Direct labor Variable manufacturing overhead $31.00 At standard, each set of covers should require 3.00 yards of material. All of the materials purchased during the month were used in production
Show transcribed image text 5 May 2023
Unlock all answers
Get 1 free homework help answer.
Already have an account? Log in
Jean KeelingLv2
1 Jan 2019
Get unlimited access
Already have an account? Log in