Business, 12.04.2021 21:20, littlebirdd987
Sunto Scientific manufactures GPS devices for a chain of retail stores. (Click the icon to view information about the Magellan XS.) The budgeted and actual amounts for Magellan XS for July 2017 were as folows: (Click the icon to view the budgeted and actual amounts.)(Cick the icon to view additional informalion.) Read the requiraments.
Requirement 1. Compute the price and efficiency variances for the three categories of direct materials and for direct manufacturing labor in July 2020. Begin by calculating the the price and efficiency variances for the each category of direct materials. ​(Do not round intermediary calculations. Round the amount you enter into the input field to the nearest whole dollar. Label each variance as favorable​ (F) or unfavorable​ (U). For variances with a​ $0 balance, make sure to enter​ "0" in the appropriate field. If the variance is​ zero, do not select a label. Abbreviation​ used: Qty​ = quantity.) Actual Price Actual Input Qty × Efficiency Flexible Costs Incurred Variance Budgeted Price Variance Budget July 2020 Navigation systems $124,320 $0 $124,320 $7,680 F $132,000
Actual Amounts Magellan XS units produced Navigation systems cos Navigation systems Polarized glass cost Sheets of polarized glass used Plastic casing Ounces of speciality plastic used Direct manufacturing labor costs Direct manufacturing labor-houns 4,400 $ 89,00 Galculate the the price and efficiency variances for the direct laor, (Do not round intermediary caloulations. Round the amount you enter into the input cell to the n make sure to enter 0" in the appropriate field. If the variance is zero, do nat sclect a label) 4,450 $ 40,300 816 S 12,500 4,250 S 37,200 2,040 Actual Price Actual Input Qty x Efficiency Flexible Costs Incurred Variance Price July 2017 Direct labor
Requirement 2.
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Sunto Scientific manufactures GPS devices for a chain of retail stores. (Click the icon to view info...
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