accounting help for accountsguru only

Relax! Stop worrying about deadlines and let our professional writers help you. Hire an essay writer helper and receive a professional assignment before your deadline. We provide writing services for all types of academic assignments.

Order a Similar Paper Order a Different Paper
Costello Corporation manufactures a single product. The standard cost per unit of product is shown below.

Direct materials—2 pound plastic at $6.52 per pound   $ 13.04
Direct labor—2.50 hours at $12.00 per hour   30.00
Variable manufacturing overhead   20.00
Fixed manufacturing overhead   20.00
Total standard cost per unit   $83.04

The predetermined manufacturing overhead rate is $16 per direct labor hour ($40.00 Ã· 2.50). It was computed from a master manufacturing overhead budget based on normal production of 15,000 direct labor hours (6,000 units) for the month. The master budget showed total variable costs of $120,000 ($8.00 per hour) and total fixed overhead costs of $120,000 ($8.00 per hour). Actual costs for October in producing 4,100 units were as follows.

Direct materials (8,350 pounds)   $ 56,446
Direct labor (10,130 hours)   125,004
Variable overhead   121,194
Fixed overhead   44,956
    Total manufacturing costs   $347,600

The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored.

(a) Compute all of the materials and labor variances.
 (Round answers to 0 decimal places, e.g. 125.)

Total materials variance   $
Materials price variance   $
Materials quantity variance   $
Total labor variance   $
Labor price variance   $
Labor quantity variance   $

(b) Compute the total overhead variance.

Total overhead variance   $

Click here if you would like to Show Work for this question

Great students hand in great papers. Order our essay service if you want to meet all the deadlines on time and get top grades. Professional custom writing is the choice of goal-focused students. Word on the online streets is... we're simply the best!

Get a 15% discount on your order using the following coupon code SAVE15

Order a Similar Paper Order a Different Paper