Please do not give image format and explanation P12A-10 Company produces a single product. Manufacturing overhead costs are applied to products on the basis of direct labor hours.Budget for current year:Denominator activity (direct labor-hours) 6,000Variable manufacturing overhead cost $21,000Fixed manufacturing overhead cost $18,000The standard cost card for the product follows:Direct materials....Direct labor...Variable manufacturing overhead..The following data are available for October.3,750 units of compound were produced during the month.There was no beginning direct materials inventory.The ending direct materials inventory was 2,000 ounces.Direct materials purchased: 12,000 ounces for $225,000.Direct labor hours worked: 5,600 hours at a cost of $67,200.Variable manufacturing overhead costs incurred amounted to $18,200.Fixed manufacturing overhead costs incurred amounted to $15,000.The direct materials price variance for October is:The direct materials quantity variance for October is:The direct labor efficiency variance for October is:2.5 ounces at $20 per ounce1.4 hours at $12.50 per hour1.4 hours at $3.5 per hourThe variable overhead spending variance for October is:The variable overhead efficiency variance for October is:The direct labor rate variance isThe Fixed manufacturing overhead budget variance isThe Fixed manufacturing overhead volume variance ischoose....choose...choose....$1,400 favorable$1,225 unfavorablechoose...$3,000 favorable$2,250 unfavorable

Name: Please do not give image format and explanation P12A-10 Company produc
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Please do not give image format and explanation P12A-10 Company produces a single product. Manufacturing overhead costs are applied to products on the basis of direct labor hours.Budget for current year:Denominator activity (direct labor-hours) 6,000