Ceramics Etc. is a manufacturer of large flowerpots for...

Ceramics Etc. is a manufacturer of large flowerpots for urban settings. The company has these standards: View the standards. Ceramics Etc. allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,600 flowerpots: View the actual results. Read the requirements. Requirement 1. Compute the direct labor rate then round the final variance amounts to the ne Direct labor.) Begin with the direct labor rate variance. First x ( Standard Price and Volume Direct materials (resin)............ 8 pounds per pot at a cost of $3.00 per pound Direct labor....................... 2.0 hours per pot at a cost of $22.00 per hour Standard variable manufacturing overhead rate..... $5.00 per direct labor hour Budgeted fixed manufacturing overhead...... $19,400 Standard fixed MOH rate................ $7.00 per direct labor hour (DLH) rmulas to the nearest cent ions used: DL =

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6 PARTS Ceramics Etc. is a manufacturer of large flowerpots for urban settings. The company has these standards: View the standards.LOADING... Ceramics Etc. allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1 comma 600 flowerpots: View the actual results.LOADING... Read the requirements.LOADING... Question content area bottom Part 1 Requirement 1. Compute the direct labor rate variance and the direct labor efficiency variance. (Enter the variances as positive numbers. Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U) in the input field after the amount you enter. Abbreviations used: DL = Direct labor.) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. Direct materials (resin). . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 pounds per pot at a cost of $3.00 per pound Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0 hours per pot at a cost of $22.00 per hour Standard variable manufacturing overhead rate. . . . . . . $5.00 per direct labor hour Budgeted fixed manufacturing overhead. . . . . . . . . . . . . $19,400 Standard fixed MOH rate. . . . . . . . . . . . . . . . . . . . . . . . . . . $7.00 per direct labor hour (DLH) Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchased 14,260 pounds at a cost of $3.10 per pound; used 13,760 pounds to produce 1,600 pots Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Worked 2.5 hours per flowerpot (4,000 total DLH) at a cost of $19.00 per hour Actual variable manufacturing overhead. . . . . . . . . $5.60 per direct labor hour for total actual variable manufacturing overhead of $22,400 Actual fixed manufacturing overhead. . . . . . . . . . . . $19,200 Standard fixed manufacturing overhead allocated based on actual production. . . . . . . . . . . . . . . . . . . . $22,400 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances.Ceramics Etc. is a manufacturer of large flowerpots for urban settings. The company has these standards: View the standards. Ceramics Etc. allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,600 flowerpots: View the actual results. Read the requirements. Ceramics Etc. is a manufacturer of large flowerpots for urban settings. The company has these standards: View the standards. Ceramics Etc. allocated fixed manufacturing overhead to production based on standard direct labor hours. Last month, the company reported the following actual results for the production of 1,600 flowerpots: View the actual results. Read the requirements. Requirement 1. Compute the direct labor rate then round the final variance amounts to the n Direct labor.) Standard Price and Volume rmulas to the nearest cen ons used: DL = Begin with the direct labor rate variance. First Direct materials (resin) . . 8 pounds per pot at a cost of $3.00 per pound . 2.0 hours per pot at a cost of $22.00 per hour ( Direct labor... x ( Standard variable manufacturing overhead rate... ....$5.00 per direct labor hour Budgeted fixed manufacturing overhead ..$19,400 Standard fixed MOH rate. . . - ..$7.00 per direct labor hour (DLH) Video Get more me solve this Check answe

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