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You have been given the following information about the production of Waterway Co, and are asked to provide the laktS with information for a meeting with the vice-president of operations: Standard Cost Card Direct materials (5.80 kg at $3.20 per kilogram) $18.56 Direct labour (0.80 hours at $4.40) 3.52 Variable overhead (0.80 hours at $3.20 per hour) 2.56 Fixed overhead (0.80 hours at $7.00 per hour) 5.60 $30.24 The following is a production report for the most recent period of operations: Varlances Quantity/ Total Standard Cost Spending/ Budget Costs Price/ Rate Efficiency Volume Direct materials $397,184 $6.354 F $9.472 U Direct labour 75,328 3,702 U 6,116 U Variable overhead 54,784 $1.250 F Fixed overhead 119,840 480 F $14,000 U

You have been given the following information about the production of Waterway Co, and are asked to provide the laktS with information for a meeting with the vice-president of operations: Standard Cost Card Direct materials (5.80 kg at $3.20 per kilogram) $18.56 Direct labour (0.80 hours at $4.40) 3.52 Variable overhead (0.80 hours at $3.20 per hour) 2.56 Fixed overhead (0.80 hours at $7.00 per hour) 5.60 $30.24 The following is a production report for the most recent period of operations: Varlances Quantity/ Total Standard Cost Spending/ Budget Costs Price/ Rate Efficiency Volume Direct materials $397,184 $6.354 F $9.472 U Direct labour 75,328 3,702 U 6,116 U Variable overhead 54,784 $1.250 F Fixed overhead 119,840 480 F $14,000 U

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 27BEA: Use the following information for Brief Exercises 4-27 and 4-28: Quillen Company manufactures a...
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What were the master budget hours for fixed overhead? hours Master budget hours
Transcribed Image Text:What were the master budget hours for fixed overhead? hours Master budget hours
You have been given the following information about the production of Waterway Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card Direct materials (5.80 kg at $3.20 per kilogram) $18.56 Direct labour (0.80 hours at $4.40) 3.52 Variable overhead (0.80 hours at $3.20 per hour) 2.56 Fixed overhead (0.80 hours at $7.00 per hour) 5.60 $30.24 The following is a production report for the most recent period of operations: Variances Spending/ Budget Quantity/ Efficiency Total Costs Standard Cost Price/ Rate Volume Direct materials $397.184 $6,354 F $9.472 U Direct labour 75,328 3,702 U 6,116 U Variable overhead 54,784 $1.250 F Fixed overhead 119,840 480 F $14,000 U
Transcribed Image Text:You have been given the following information about the production of Waterway Co., and are asked to provide the factory manager with information for a meeting with the vice-president of operations: Standard Cost Card Direct materials (5.80 kg at $3.20 per kilogram) $18.56 Direct labour (0.80 hours at $4.40) 3.52 Variable overhead (0.80 hours at $3.20 per hour) 2.56 Fixed overhead (0.80 hours at $7.00 per hour) 5.60 $30.24 The following is a production report for the most recent period of operations: Variances Spending/ Budget Quantity/ Efficiency Total Costs Standard Cost Price/ Rate Volume Direct materials $397.184 $6,354 F $9.472 U Direct labour 75,328 3,702 U 6,116 U Variable overhead 54,784 $1.250 F Fixed overhead 119,840 480 F $14,000 U
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