Question & Answer: Catalogue Entries busi Home l Chapter 10 problem 10 x ezto.mheducation.com/h m tpx?-04135854326620403 150…..

Catalogue Entries busi Home l Chapter 10 problem 10 x ezto.mheducation.com/h m tpx?-04135854326620403 1502684715696 Helix Company produces several products in its factory, including a karate robe. The company uses a standard cost system to assist in the control of costs. According to the standards that have been set for the robes, the factory should work 780 direct labor-hours each month and produce 1,950 robes. The standard costs associated with this level of production are as follows Per Unit Total of Product $35.490 18.20 S 7,020 3.60 Direct materials Direct labor Variable manufacturing overhead (based on direct labor-hours) 2,340 1.20 S 23.00 During April, the factory worked only 760 direct labor-hours and produced 2,000 robes. The following actual costs were recorded during the month Direct materials (6,000 yards) Direct labor Variable manufacturing overhead Per Unit Total of Product 36,000 18.00 3.80 1.90 7,600 3,800 $ 23.70 At standard, each robe should require 2 8 yards of material. All of the materials purchased during the month were used in production Required: 1. Compute the materials price and quantity variances for April: (Input all amounts as positive values Leave no cells blank – be certain to enter “0” wherever required. Indicate the effect of each variance by selecting “F” for favorable, “U” for unfavorable, and “None” for no effect (i.e., zero variance). Round your intermediate calculations to 2 decimal places. Omit the “$” sign in your Type here to search