Answer:
Firstly packaging and labeling costs can be either be charged on variable overheads cost or on selling overheads costs( distribution and marketing cost).
Assuming they are charged on Selling overheads cost:
There are no figures to illustrate the change on inventory cost as a result of moving Labeling and packaging from selling overheads to Direct Costs ( DC) but indefinitely when there are new costs charged to the direct costs of inventory, inventory cost will increase by their exact costs.
If they are charged on Variable overheads then they are already part of inventory cost as is variable cost on Work in process therefore there wont be change in inventory cost just change in direct material.
Explanation:
Answer:
Variable overhead efficiency variance $ 8,018
<u> </u>Unfavorable
Explanation:
<em>Variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected. </em>
Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance
Hours
2,700 units should have taken (2,700 × 3.20) 8640
but did take (actual hours) <u> 9,400</u>
Efficiency variance in hours 760 unfavorable
standard variable overhead cost per hour <u>$10.55</u>
Variable overhead efficiency variance $<u> 8,018 </u>Unfavorable
Variable overhead efficiency variance $ 8,018
<u> </u>Unfavorable
Answer:
Raw Material (Dr.) $4,900
Accounts Payable (Cr.) $4,900
Factory Labor wages (Dr.) $1,400
Cash (Cr.) $1,400
Additional Overheads (Dr.) $1,300
Accumulated Depreciation (Cr.) $800
Accounts Payable (Cr.) $500
Explanation:
Work in process inventory (Dr.) $5,750
Manufacturing Overhead (Cr.) $5,750
Finished Goods Inventory (Dr.) $20,600
Work in process inventory (Cr.) $20,600
8,400 is your answer all you have to do is add the 4 sales and subtract the discounts and the returns
C you’re taking a class to show you want to have more skill
