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Standard Cost and Variance Analysis
1. Regal 10,000 units during the current period and reported the following information:
Prepare an analysis of variance for the period. 2. Regal continues to produce 10,000 units and uses the standards shown in 1 above. During the current period, Regal purchased and used 21,500 pounds of raw materials costing $24,080. Payroll records indicate that 4,650 hours were worked and total payroll amounted to $54,870. Overhead costs amounted to $37,572 during the period. Prepare an analysis of variance for the period. | |||||||||||||||||||||
