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Author Question: Littrell Company produces chairs and has determined the following direct cost categories and ... (Read 34 times)

Bob-Dole

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on: Mar 6, 2021
Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts: 

Standard InputsStandard Cost
Categoryfor 1 outputper input
Direct Materials1.00$7.50
Direct Labor0.309.00
Direct Marketing0.503.00

Actual performance for the company is shown below: 

Actual output: (in units)4,000
 Direct Materials:
Materials costs$30,225
Input purchased and used3,900
Actual price per input$7.75
 Direct Manufacturing Labor:
Labor costs$11,470
Labor-hours of input1,240
Actual price per hour$9.25
 Direct Marketing Labor:
Labor costs$5,880
Labor-hours of input2,100
Actual price per hour$2.80

Required:
a.What is the combined total of the flexible-budget variances?
b.What is the price variance of the direct materials?
c.What is the price variance of the direct manufacturing labor and the direct marketing labor, 
respectively?
d.What is the efficiency variance for direct materials?
e.What are the efficiency variances for direct manufacturing labor and direct marketing labor, 
respectively?
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Bob-Dole on Mar 6, 2021

BUTTHOL369

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Bob-Dole

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

tuate

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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