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

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The following data are given for Stringer Company: Budgeted production 963 units Actual production 1,070 units Materials: Standard price per ounce $1.78 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,225 Actual price paid for materials $27,111 Labor: Standard hourly labor rate $14.12 per hour Standard hours allowed per completed unit 5.0 Actual labor hours worked 5,510.5 Actual total labor costs $84,035 Overhead: Actual and budgeted fixed overhead $1,192,000 Standard variable overhead rate $28.00 per standard labor hour Actual variable overhead costs $154,294 Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is Oa. S8,927 unfavorable Ob. $3,571 unfavorable Oc. $3,571 favorable Od. $8,927 favorable

Sweet Corporation makes a product with the following standard costs:     Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.0 ounces $ 3.00 per ounce $ 18.00 Direct labor 0.3 hours $ 11.00 per hour $ 3.30 Variable overhead 0.3 hours $ 9.00 per hour $ 2.70   The company reported the following results concerning this product in April.   Originally budgeted output 3,600 units Actual output 3,200 units Raw materials used in production 21,000 ounces Purchases of raw materials 22,100 ounces Actual direct labor-hours 500 hours Actual cost of raw materials purchases $ 42,300   Actual direct labor cost $ 13,600   Actual variable overhead cost $ 3,800     The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.   The variable overhead efficiency variance for April is:

Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 930 units Actual production   1,013 units Materials:       Standard price per ounce $1.85     Standard ounces per completed unit 10     Actual ounces purchased and used in production 10,434     Actual price paid for materials $21,390 Labor:       Standard hourly labor rate $14.60 per hour     Standard hours allowed per completed unit 4.7     Actual labor hours worked 5,216.95     Actual total labor costs $79,558 Overhead:       Actual and budgeted fixed overhead $1,015,000     Standard variable overhead rate $25.00 per standard labor hour     Actual variable overhead costs $146,075 Overhead is applied on standard labor hours. Round your intermediate calculations and final answer to the nearest cent. The direct materials price variance is a.$5,217.00 favorable b.$2,086.80 favorable c.$2,086.80…

Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 911 units Actual production   1,080 units Materials:       Standard price per ounce $1.89     Standard ounces per completed unit 10     Actual ounces purchased and used in production 11,124     Actual price paid for materials $22,804 Labor:       Standard hourly labor rate $14.32 per hour     Standard hours allowed per completed unit 4.3     Actual labor hours worked 5,562     Actual total labor costs $84,821 Overhead:       Actual and budgeted fixed overhead $1,082,000     Standard variable overhead rate $25.00 per standard labor hour     Actual variable overhead costs $155,736 Overhead is applied on standard labor hours. The direct materials quantity variance is a.$1,779.64 favorable b.$1,779.64 unfavorable c.$612.36 unfavorable d.$612.36 favorable

The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces 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 907 units 1,033 units $1.91 11 11,704 $23,993 $14.84 per hour 4.6 5,319.95 $81,129 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is $1,071,000 $28.00 per standard labor hour $148,959

he following data is given for the Bahia Company: Budgeted production 1,091 units Actual production   974 units Materials:       Standard price per pound $1.846     Standard pounds per completed unit 10      Actual pounds purchased and used in production 9,448     Actual price paid for materials $19,368 Labor:       Standard hourly labor rate $14.80 per hour     Standard hours allowed per completed unit 4.8      Actual labor hours worked 5,016.1     Actual total labor costs $76,496 Overhead:       Actual and budgeted fixed overhead $1,055,000     Standard variable overhead rate $25.00 per standard labor hour      Actual variable overhead costs $140,451 Overhead is applied on standard labor hours. The variable factory overhead controllable variance is

Question 2. A company manufactures two products, X and Y, for which the following information is available Particulars Budgeted production (units) Product X 4,000 Product Y 6,000 Labour hours per unit 5 8 Number of production runs required 4 6 Number of inspections during production 3 2 Production set-up costs OMR 350,000 Inspection costs OMR 150,000 Total overhead costs OMR 500,000 Using Activity Based Costing, calculate the budgeted overhead cost per unit for Product X and Product Y.