Required information 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, 0.26 hour Rate, $13.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.62 per kilogram Actual material purchases amounted to 243,600 kilograms at $0.65 per kilogram. Actual costs incurred in the production of 42,000 units were as follows: Direct labor: Direct material: $160,776 for 12,180 hours $141,960 for 218,400 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 "O" for no effect (i.e., zero variance). Round "per kilogram" to 2 decimal place Direct-Material Price and Quantity Variances Actual Material Cost Projected Material Cost Standard Material Cost Actual Quantity Actual Price Actual Quantity Standard Price Standard Quantity Standard Price kilograms used per kilogram kilograms used per kilogram kilograms allowed per kilogram Direct-material price variance Direct-material quantity variance Direct-material variance

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter10: Standard Costing And Variance Analysis
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, 0.26 hour
Rate, $13.00 per hour
Direct Material:
Quantity, 5 kilograms
Price, $0.62 per kilogram
Actual material purchases amounted to 243,600 kilograms at $0.65 per kilogram. Actual costs incurred in the production
of 42,000 units were as follows:
Direct labor:
Direct material:
$160,776 for 12,180 hours
$141,960 for 218,400 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 kilogram" to 2 decimal places.
Direct-Material Price and Quantity Variances
Actual Material Cost
Projected Material Cost
Standard Material Cost
Actual Quantity
Actual Price
Actual Quantity
Standard Price
Standard Quantity
Standard Price
kilograms used
per kilogram
kilograms used
per kilogram
kilograms allowed
per kilogram
Direct-material price variance
Direct-material quantity variance.
Direct-material variance
<Required 1
Required 2 >
Transcribed Image Text:Required information 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, 0.26 hour Rate, $13.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.62 per kilogram Actual material purchases amounted to 243,600 kilograms at $0.65 per kilogram. Actual costs incurred in the production of 42,000 units were as follows: Direct labor: Direct material: $160,776 for 12,180 hours $141,960 for 218,400 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 kilogram" to 2 decimal places. Direct-Material Price and Quantity Variances Actual Material Cost Projected Material Cost Standard Material Cost Actual Quantity Actual Price Actual Quantity Standard Price Standard Quantity Standard Price kilograms used per kilogram kilograms used per kilogram kilograms allowed per kilogram Direct-material price variance Direct-material quantity variance. Direct-material variance <Required 1 Required 2 >
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