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EX 10-22, 23 (Algo) Use the following information for the Exercises below. Saskatchewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.18 hour Rate, $9.00 per hour Direct Material: Quantity, 7 kilograms Price, $0.46 per kilogram Actual material purchases amounted to 234,000 kilograms at $0.52 per kilogram. Actual costs incurred in the production of 26,000 units were as follows: Direct labor: Direct material: $46,938 for 4,940 hours $101,400 for 195,000 kilograms EX 10-23 (Algo) Determination of Variances Using Diagrams (LO 10-3) Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per hour" to 2 decimal places. Direct-Labor Rate and Efficiency Variances Actual Labor Cost Projected Labor Cost Standard Labor Cost Actual Hours x Actual Rate Actual Hours x Standard Rate Standard Hours * Standard Rate × x hours used per hour hours used per hour hours allowed per hour $ 0 Direct-labor rate variance S 0 Direct-labor variance $ 0 Direct-labor efficiency variance

EX 10-22, 23 (Algo) Use the following information for the Exercises below. Saskatchewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.18 hour Rate, $9.00 per hour Direct Material: Quantity, 7 kilograms Price, $0.46 per kilogram Actual material purchases amounted to 234,000 kilograms at $0.52 per kilogram. Actual costs incurred in the production of 26,000 units were as follows: Direct labor: Direct material: $46,938 for 4,940 hours $101,400 for 195,000 kilograms EX 10-23 (Algo) Determination of Variances Using Diagrams (LO 10-3) Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per hour" to 2 decimal places. Direct-Labor Rate and Efficiency Variances Actual Labor Cost Projected Labor Cost Standard Labor Cost Actual Hours x Actual Rate Actual Hours x Standard Rate Standard Hours * Standard Rate × x hours used per hour hours used per hour hours allowed per hour $ 0 Direct-labor rate variance S 0 Direct-labor variance $ 0 Direct-labor efficiency variance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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EX 10-22, 23 (Algo) Use the following information for the Exercises below. Saskatchewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.18 hour Rate, $9.00 per hour Direct Material: Quantity, 7 kilograms Price, $0.46 per kilogram Actual material purchases amounted to 234,000 kilograms at $0.52 per kilogram. Actual costs incurred in the production of 26,000 units were as follows: Direct labor: Direct material: $46,938 for 4,940 hours $101,400 for 195,000 kilograms EX 10-23 (Algo) Determination of Variances Using Diagrams (LO 10-3) Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per hour" to 2 decimal places. Direct-Labor Rate and Efficiency Variances Actual Labor Cost Projected Labor Cost Standard Labor Cost Actual Hours x Actual Rate Actual Hours x Standard Rate Standard Hours * Standard Rate × x hours used per hour hours used per hour hours allowed per hour $ 0 Direct-labor rate variance S 0 Direct-labor variance $ 0 Direct-labor efficiency variance
Transcribed Image Text:EX 10-22, 23 (Algo) Use the following information for the Exercises below. Saskatchewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.18 hour Rate, $9.00 per hour Direct Material: Quantity, 7 kilograms Price, $0.46 per kilogram Actual material purchases amounted to 234,000 kilograms at $0.52 per kilogram. Actual costs incurred in the production of 26,000 units were as follows: Direct labor: Direct material: $46,938 for 4,940 hours $101,400 for 195,000 kilograms EX 10-23 (Algo) Determination of Variances Using Diagrams (LO 10-3) Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per hour" to 2 decimal places. Direct-Labor Rate and Efficiency Variances Actual Labor Cost Projected Labor Cost Standard Labor Cost Actual Hours x Actual Rate Actual Hours x Standard Rate Standard Hours * Standard Rate × x hours used per hour hours used per hour hours allowed per hour $ 0 Direct-labor rate variance S 0 Direct-labor variance $ 0 Direct-labor efficiency variance
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