Required: a. Compute the sales activity variance for Lee for May. b. Compute the sales mix and sales quantity variances for May. Complete this question by entering your answers in the tabs below. Required A Required]B Compute the sales mix and sales quantity variances for May. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Mix variance Quantity variance < Required A Required B >
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- Absorption costing and production-volume variance—alternative capacity bases. Planet Light First (PLF), a producer of energy-efficient light bulbs, expects that demand will increase markedly over the next decade. Due to the high fixed costs involved in the business, PLF has decided to evaluate its financial performance using absorption costing income. The production-volume variance is written off to cost of goods sold. The variable cost of production is $2.40 per bulb. Fixed manufacturing costs are $1,170,000 per year. Variable and fixed selling and administrative expenses are $0.20 per bulb sold and $220,000, respectively. Because its light bulbs are currently popular with environmentally conscious customers, PLF can sell the bulbs for $9.80 each. PLF is deciding among various concepts of capacity for calculating the cost of each unit produced. Its choices are as follows: Calculate the inventoriable cost per unit using each level of capacity to compute fixed manufacturing cost per…Feel soft Beauty cosmetics manufacturing company produces two products, Sunscreen and Moisturizer creams. The company gives the following information. Products Standard Quantity (Units) Standard Price ($) Actual Quantity (Units) Actual Price ($) Sunscreen 40 50 50 50 Moisturizer 60 40 60 45 Required to Calculate the following Feel soft Beauty cosmetics co. Material Price variance Material cost variance Material usage variance Explain the following variances. Sales mix variance Sales volume variance Explain the term divisional performance and explain any two common measures of divisional performance.CompuWorld sells two products, R66 and R100, and calculates sales variances using the contribution margin. Pertinent data for the current year follow: Budgeted R66 Actual R100 $ 155 95 R100 R66 $ 50 40 $ 160 90 $ 55 43 Selling price Variable cost per unit Contribution margin Fixed cost per unit $ 10 6. $ 70 30 $ 60 25 $ 12 Operating income $ 4 $ 40 $ 7 $ 35 Sales in units 1,200 400 1,000 1,000 What is the R66 sales quantity variance? R66 sales quantity variance
- Direct-cost and selling price variances. MicroDisk is the market leader in the Secure Digital (SD) card industry and sells memory cards for use in portable devices such as mobile phones, tablets, and digital cameras. Its most popular card is the Mini SD, which it sells through outlets such as Target and Walmart for an average selling price of $8. MicroDisk has a standard monthly production level of 420,000 Mini SDs in its Taiwan facility. The standard input quantities and prices for direct-cost inputs are as follows:Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 4,000 cups of flour at $0.55 per cup. They use 3,550 cups of flour to make 4,750 biscuits. The standard cost per cup of flour is $0.53. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? B. What is the standard cost per biscuit for the semolina flour?Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. At the beginning of the month, Edve Co. bought 25,000 feet of rubber for $6.875. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,500 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? B. If they bought 10,000 connectors costing $310, what would the direct materials price variance be for the connectors? C. If there was an unfavorable direct materials price variance of $125, how much did they pay per toot for the rubber?
- Dairy Delites had the following projected and incurred the following production and cost data shown below: Actual Variable MOH Incurred $2,328 Actual Quantity of the Cost Driver (AQ) 850 hours Standard Quantity of the Cost Driver (SQ) 780 hours Standard Price per usage of cost driver (SP) $2.30/hr. What is the Variable-MOH Price Variance? A) $161 unfavorable B) $161 favorable C) $373 unfavorable D) $373 favorableProblem 9-26 (Algo) Comprehensive Variance Analysis [LO9-4, LO9-5, LO9-6] Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials ? $ 8.00 per yard $ ? Direct labor ? ? ? Variable manufacturing overhead ? $ 2 per direct labor-hour ? Total standard cost per unit $ ? Overhead is applied to production on the basis of direct labor-hours. During March, 600 backpacks were manufactured and sold. Selected information relating to the month’s production is given below: Materials Used Direct Labor Variable Manufacturing Overhead Total standard cost allowed* $ 15,360 $ 9,000 $ 1,800 Actual costs incurred $ 13,965 ? $ 2,985 Materials price variance ? Materials quantity variance $ 600 U Labor rate variance ? Labor efficiency variance ? Variable overhead rate variance ? Variable overhead efficiency variance ? *For the…Dairy Delites had the following projected and incurred the following production and cost data shown below: Actual Variable MOH Incurred $2,328 Actual Quantity of the Cost Driver (AQ) 850 hours Standard Quantity of the Cost Driver (SQ) 780 hours Standard Price per usage of cost driver (SP) $2.30/hr. What is the Variable-MOH Efficiency Variance? A) $161 unfavorable B) $161 favorable C) $373 unfavorable D) $373 favorable
- Samsung offers sales price discounts on some products. Samsung can use sales variance analysis to assess the effects of these sales discounts. Assumed data for one model of a Samsung television follow. TV Sales (units) Sales price per unit Budgeted 2,000 units $ 1,800 Actual 3,000 units $ 1,100 AQ = Actual Quantity AP Actual Price SP Standard Price SQ Standard Quantity Required: 1. & 2. Compute the sales price, sales volume and total sales variances and identify each as favorable or unfavorable. Actual Sales $ 0 Flexible Budget $ 10 10 $ 0 Fixed BudgetStuart Fruit Basket Company makes baskets of assorted fruit. The standard and actual costs of oranges used in each basket of fruit follow. Standard Actual 9.40 Average number of oranges per basket Price per orange 9.00 x $0.30 x $0.25 Cost of oranges per basket $2.70 $2.35 Stuart actually produced 26,500 baskets. Required a. Determine the materials price variance and indicate whether it is favorable (F) or unfavorable (U). b. Determine the materials usage variance and indicate whether it is favorable (F) or unfavorable (U). (For all requirements, Select "None" if there is no effect (i.e., zero variance).) a. Total materials price variance b. Total materials usage varianceVariable manufacturing overhead variance analysis. The Sourdough Bread Company bakesbaguettes for distribution to upscale grocery stores. The company has two direct-cost categories:direct materials and direct manufacturing labor. Variable manufacturing overhead is allocated to products on the basis of standard direct manufacturing labor-hours. Following is some budgetdata for the Sourdough Bread Company:Direct manufacturing labor use 0.02 hours per baguetteVariable manufacturing overhead $10.00 per direct manufacturing labor-hourThe Sourdough Bread Company provides the following additional data for the year endedDecember 31, 2017: Planned (budgeted) output 3,100,000 baguettesActual production 2,600,000 baguettesDirect manufacturing labor 46,800 hoursActual variable manufacturing overhead $617,760 Required:1. What is the denominator level used for allocating variable manufacturing overhead? (That is,for how many direct manufacturing labor-hours is Sourdough Bread budgeting?)2. Prepare a…