Godo Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a devicefollows:Direct materials, ? ounces at $2.80 per ounceDirect labor, 0.4 hours at ? per hourOverhead, 0.4 hours at ? per hourTotal costsAssume that the following data appeared in Copland's records at the end of the past month:Actual production96,000 units90,000 unitsActual sales$?63,000 U70,000 U18,750 FMaterials costs (505,000 ounces)Materials price varianceMaterials efficiency varianceDirect labor price varianceDirect labor (37,500 hours)Overapplied overhead (total)There are no materials inventories.Required:a. Prepare a variance analysis for direct materials and direct labor.b. Assume that all production overhead is fixed and that the $25,200 overapplied is the only overhead variance that can be computed.What are the actual and applied overhead amounts?c. Complete the standard cost sheet for a device given below.Required AComplete this question by entering your answers in the tabs below.918,75025,200Required B Required CDirect MaterialsDirect laborPrepare a variance analysis for direct materials and direct labor.Actual PriceAP x AQ$ 1,477,000$$ 918,750 $$? per device? per device? per device$ 30 per devicePrice Variance63,000 U18,750 FActual Inputsat Standard PriceSP x AQ$$Required A1,414,000937,500$$Efficiency Variance70,000 U7,500 FRequired B>FlexibleBudgetSP x SQ

Name: Godo Copland Components manufactures an electronic device for vehicle
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Godo Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a devicefollows:Direct materials, ? ounces at $2.80 per ounceDirect labor, 0.4 hours at ? per hourOverhead, 0.4 hours at ? per ho