The following data were drawn from the records of Vernon Corporation. Planned volume for year (static budget) 4,900 units Standard direct materials cost per unit 3.60 pounds @ $ 1.20 per pound Standard direct labor cost per unit 3.10 hours @ $3.50 per hour Total expected fixed overhead costs $27,930 Actual volume for the year (flexible budget) 5, 100 units Actual direct materials cost per unit 3.10 pounds @ $1.60 per pound Actual direct labor cost per unit 3.40 hours @ $ 3.20 per hour Total actual fixed overhead costs $24, 330 Required Prepare a materials variance information table showing the standard price, the actual price, the standard quantity, and the actual quantity. Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). Calculate the predetermined overhead rate, assuming that Vernon uses the number of units as the allocation base. Calculate the fixed cost spending variance. Indicate whether the variance is favorable (F) or unfavorable (U). Calculate the fixed cost volume variance. Indicate whether the variance is favorable (F) or unfavorable (U).

Benson Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost $ 8.00 per unit $3.40 per unit $ 2,400 total $900 total Fixed manufacturing cost Fixed selling and administrative cost Bertson planned to produce and sell 2,700 units. Actual production and sales amounted to 3,000 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget Complete this question by entering your answers in the tabs below. Required A Required Prepare the pro forma income statement in contribution format that would appear in a master budget. BENSON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,700 Units o

The following data is given for the Bahia Company: Budgeted production 1,093 units Actual production   930 units Materials:       Standard price per pound $1.884     Standard pounds per completed unit 11      Actual pounds purchased and used in production 9,923     Actual price paid for materials $20,342 Labor:       Standard hourly labor rate $14.83 per hour     Standard hours allowed per completed unit 4.7      Actual labor hours worked 4,789.5     Actual total labor costs $73,040 Overhead:       Actual and budgeted fixed overhead $1,001,000     Standard variable overhead rate $26.00 per standard labor hour      Actual variable overhead costs $134,106 Overhead is applied on standard labor hours. The variable factory overhead controllable variance is

The following data are given for Bahia Company: Budgeted production (at 100% of normal capacity) Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs 1,054 units 902 units $1.93 12 10,499 $21,523 $14.67 per hour 4.8 4,645.3 $70,841 $1,035,000 $26.00 per standard labor hour $130,068 Overhead is applied on standard labor hours. Round your final answer to the nearest dollar. Do not round int The fixed factory overhead volume variance is

Anthon Corporation has provided the following information regarding last month's activities. Units produced (actual) 10,920 Master production budget Direct materials. Direct labor $ 240,372 203,952 278,613 Overhead Standard costs per unit Direct materials Direct labor Variable overhead Actual costs Direct materials purchased and used Direct labor Overhead Direct materials Direct labor Variable overhead Fixed overhead $ 3.96 per liter x 5 liters per unit of output $ 33.60 per hour x 0.50 hour per unit $ 29.90 per direct labor-hour Variable overhead is applied on the basis of direct labor-hours. Required: Calculate all variable production cost price and efficiency variances and fixed production cost price and production volume variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Price Variance $ 234,780 (60,200 liters) 181,260 (5,300 hours)…

Use this information for Harry Company to answer the question that follow.The following data are given for Harry Company: Budgeted production 26,000 units Actual production 27,500 units Materials:    Standard price per ounce $6.50  Standard ounces per completed unit 8  Actual ounces purchased and used in production 228,000  Actual price paid for materials $1,504,800 Labor:    Standard hourly labor rate $22.00 per hour  Standard hours allowed per completed unit 6.6  Actual labor hours worked 183,000  Actual total labor costs $4,020,000 Overhead:    Actual and budgeted fixed overhead $1,029,600  Standard variable overhead rate $24.50 per standard labor hour  Actual variable overhead costs $4,520,000  Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)The direct labor rate variance is a.$5,490 favorable b.$5,490 unfavorable c.$33,000 unfavorable d.$33,000 favorable

Zachary Manufacturing Company established the following standard price and cost data.          Sales price $ 8.60 per unit Variable manufacturing cost   4.00 per unit Fixed manufacturing cost   2,900 total Fixed selling and administrative cost   800 total     Zachary planned to produce and sell 2,100 units. Actual production and sales amounted to 2,300 units.   Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget. Prepare the pro forma income statement in contribution format that would appear in a master budget.         ZACHARY MANUFACTURING COMPANY Pro Forma Income Statement   Master Budget           0               $0 Prepare the pro forma income statement in contribution format that would appear in a flexible budget.…

Draw up a flexible budget for overheadexpenses on the basis of the following data and determine the overhead rates at 70%, 80% and 90% plant capacity. At 80% Capacity OMR. Variable Overheads: Indirect labor 12,000 Stores including spares 4,000 Semi-variable Overheads: Power (30% fixed, 70% variable) Repairs and maintenance (60% fixed, 40% variable) 20,000 2,000 Fixed Overheads: Depreciation 11,000 3,000 10,000 62,000 1,24,000 hrs. Insurance Salaries Total Overheads Estimated direct labor hours

Z Ltd has prepared the Budget for the production of 1,00, 000 units from a costing period as unuer. \table[[Particulars, Amount per unit (7)], [Raw materials,10.08], [Direct Labour,3], [Direct Expenses, 0.40], [Works Overhead (60% fixed), 10], [Administration Overhead (80% fixed), 1.60], [Sales Overhead (50% fixed), 0.80]] Actual production of the year is only 60, 000 units. Prepare the Budget for original and revised levels of output.

Top Dog Company has a budget with sales of 7,500 units and $3,400,000. Variable costs are budgeted at $1,850,000, and fixed overhead is budgeted at $970,000. What is the budgeted manufacturing cost per unit?