Answer with formula please Helix Company produces costumes used in the television and movie industries. Recently the company received an ongoing order forSamurai robes to be worn in an upcoming Japanese historical action series made for television. The company uses a standard costingsystem to assist in the control of costs. According to the standards set for these robes, the factory has a denominator activity level of780 direct labour-hours each month, which should result in the production of 1,950 robes. The standard costs associated with this levelof production are as follows:Direct materialsTotal$ 35,490Per UnitofProduct$18.20Direct labour$ 7,020Variable manufacturing overhead*Fixed manufacturing overhead*$ 2,3403.601.20$ 4,6802.40$25.40*Based on direct labour-hoursDuring April, the factory worked only 760 direct labour-hours and produced 2,000 robes. The following actual costs were recordedduring the month:Direct materials (6,000 metres)Direct labourVariable manufacturing overheadFixed manufacturing overheadPer UnitofTotal Product$ 36,000 $18.00$ 7,6003.80$ 3,8001.90$4,5002.30$26.00At standard, each robe should require 2.8 metres of material. All of the materials purchased during the month were used in production.Required:Compute the following variances for April:1. The materials price and quantity variances. (Indicate the effect of each varlance by selecting "F" for favourable, "U" forunfavourable, and "None" for no effect (l.e., zero variance).)Material price varianceMaterial quantity variance

A budget is a tool to estimate future cost revenue and expenses. After developing a budget, the…

Required: Compute the following variances for April: 1. The materials price and quantity variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero variance).)

Required: Compute the following variances for April: 1. The materials price and quantity variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero variance).)

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 10E: Brees, Inc., a manufacturer of golf carts, has just received an offer from a supplier to provide...

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Helix Company produces costumes used in the television and movie industries. Recently the company received an ongoing order for Samurai robes to be worn in an upcoming Japanese historical action series made for television. The company uses a standard costing system to assist in the control of costs. According to the standards set for these robes, the factory has a denominator activity level of 780 direct labour-hours each month, which should result in the production of 1,950 robes. The standard costs associated with this level of production are as follows: Per Unit Direct materials Total $ 35,490 of Product $18.20 Direct labour $ 7,020 3.60 Variable manufacturing overhead* Fixed manufacturing overhead* $ 2,340 1.20 $ 4,680 2.40 $25.40 *Based on direct labour-hours During April, the factory worked only 760 direct labour-hours and produced 2,000 robes. The following actual costs were recorded during the month: Per Unit of Direct materials (6,000 metres) Direct labour Total $ 36,000…
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