Author Question: Joan's Style manufactures dining room tables for both home and restaurant locations. Kona Clair, the ... (Read 72 times)

ninaj · **on:** Feb 5, 2023

Joan's Style manufactures dining room tables for both home and restaurant locations. Kona Clair, the company's controller, developed the following standard costs for each 5-foot table. Ms. Clair developed these standards based on the company manufacturing 1,200 tables per month.

Standard Price

Standard Quantity

Standard Cost

Direct materials

$45.00 per linear foot

5 linear feet

$225.00

Direct labor

18.50 per DLH

12 DLH

222.00

Variable overhead

16.20 per DLH

12 DLH

194.40

Fixed overhead

28.60 per DLH

12 DLH

343.20

Total standard cost per table

$984.60

At the end of the current month, Kona reported the following operational results:

•	The company actually manufactured 1,100 tables during the month.

•	5,900 linear feet of direct materials were purchased during the month at a total cost of

$258,420.

•	5,400 linear feet of direct materials were used to manufacture the tables.

•	13,400 direct labor hours were worked at a total cost of $242,880.

•	Actual variable overhead was $234,600.

•	Actual fixed overhead was $410,500.

Required:

a.	Calculate the direct material price variance for the month.

b.	Calculate the direct material quantity variance for the month.

c.	Calculate the direct labor rate variance for the month.

d.	Calculate the direct labor efficiency variance for the month.

e.	Calculate the variable overhead spending variance for the month.

f.	Calculate the variable overhead efficiency variance for the month.

g.	Calculate the fixed overhead spending variance for the month.

KobyRhoads · **Reply #1 on:** Feb 5, 2023

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