This paper circulates around the core theme of Computation of Variances and Other Missing Data The following data for O’Keefe Company pertain 1 together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
22-34 Computation of Variances and Other Missing Data The following data for O’Keefe Company pertain 1 answer below » 22-34 Computation of Variances and Other Missing Data The following data for O’Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Direct Materials (all materials purchased were used during period) Standard Cost per unit: a) pounds at $3.20 per pound. Total actual cost: b) Pounds costing $5673 Standard cost allowed for units produced: $5760 Material price variance: Document Preview: 22-34
Computation of Variances View complete question » 22-34 Computation of Variances and Other Missing Data The following data for O’Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Direct Materials (all materials purchased were used during period) Standard Cost per unit: a) pounds at $3.20 per pound. Total actual cost: b) Pounds costing $5673 Standard cost allowed for units produced: $5760 Material price variance: Document Preview: 22-34
Computation of Variances and Other Missing Data
The following data for O’Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted.
Direct Materials (all materials purchased were used during period)
Standard Cost per unit: a) pounds at $3.20 per pound. Total actual cost:
b) Pounds costing $5673 Standard cost allowed for units produced: $5760 Material price variance:
c) Materials quantity variance: $96 U
Direct Labor
Standard cost: 2 hours at $7
Actual cost per hour: $7.25
Labor rate variance: e) Labor efficiency variance: $140 U
Variable Overhead
Standard costs: f) hours at $4 per direct labor hour
Actual cost: $2250
Variable overhead spending variance: g)
Variable overhead efficiency variance: h)
Required:
Complete the missing amounts lettered a) through h). Attachments: Q-Attachment…..docx View less » Jul 29 2015 09:38 AM
