{"id":75589,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/helix-company_standard-cosy_variances-2"},"modified":"2017-08-18T07:18:21","modified_gmt":"2017-08-18T07:18:21","slug":"helix-company_standard-cosy_variances-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/helix-company_standard-cosy_variances-2\/","title":{"rendered":"Helix Company_Standard Cosy_Variances"},"content":{"rendered":"<p><a class=\"helix-company_standard-cosy_variances-5\/\"><\/a> <\/p>\n<fieldset>\n<p>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:<br \/> Total Per Unit of Product<br \/> Direct materials . . . . . . . . . . . . . . . . . . $35,490 $18.20<br \/> Direct labor . . . . . . . . . . . . . . . . . . . . . . $7,020 3.60<br \/> Variable manufacturing overhead (based on<br \/> direct labor-hours) . . . . . . . . . . . . . . . . .$2,340 1.20<br \/> $23.00<\/p>\n<p>During April, the factory worked only 760 direct labor-hours and produced 2,000 robes. The following actual costs were recorded during the month:<\/p>\n<p>Total Per Unit of Product<br \/> Direct materials (6,000 yards) . . . . . . .$36,000 $18.00<br \/> Direct labor . . . . . . . . . . . . . . . . . . . . . . $7,600 3.80<br \/> Variable manufacturing overhead . . . . $3,800 1.90<br \/> $23.70<br \/> =====<\/p>\n<p>At standard, each robe should require 2.8 yards of material. All of the materials purchased during the month were used in production.<\/p>\n<p>Required:<br \/> Compute the following variances for April:<br \/> 1. The materials price and quantity variances.<br \/> 2. The labor rate and efficiency variances.<br \/> 3. The variable manufacturing overhead rate and efficiency variances<\/p>\n<\/fieldset>\n<p><i><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 <a href=\"https:\/\/www.benedictsol.com\/blogs\/helix-company_standard-cosy_variances-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-75589","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/75589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=75589"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/75589\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=75589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=75589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=75589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}