Littrell Company Produces Chairs and Has Determined the Following Direct

question 77

Essay

Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts:
$\begin{array}{lrr}& \text { Standard Inputs } & \text { Standard Cost } \\\text { Category } & \text { for 1 output } & \text { per input } \\\text { Direct Materials } & 1.00 & \$ 7.50 \\\text { Direct Labor } & 0.30 & 9.00 \\\text { Direct Marketing } & 0.50 & 3.00\end{array}$ Actual performance for the company is shown below:
$\begin{array}{lr}\text { Actual output: (in units) } & \underline{4,000} \\\text { Direct Materials: } & \\\text { Materials costs } & \$ 30,225 \\\text { Input purchased and used } & 3,900 \\\text { Actual price per input } & \$ 7.75\\\text { Direct Manufacturing Labor: }\\\text { Labor costs }&\$11.470\\\text { Labor-hours of input } & 1,240 \\\text { Actual price per hour } & \$ 9.25\\\text { Direct Marketing Labor: }\\\text { Labor costs }&\$5,880\\\text { Labor-hours of input } & 2,100 \\\text { Actual price per hour } & \$ 2.80\end{array}$ Required:
a.What is the combined total of the flexible-budget variances?
b.What is the price variance of the direct materials?
c.What is the price variance of the direct manufacturing labor and the direct marketing labor,respectively?
d.What is the efficiency variance for direct materials?
e.What are the efficiency variances for direct manufacturing labor and direct marketing labor,respectively?

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Definitions:

Skeletal Muscle Fibers

Long, cylindrical cells that make up skeletal muscles, responsible for voluntary movements through contraction.

Nuclei

Structures within cells that contain the genetic material and act as control centers for cell growth, metabolism, and reproduction.

Troponin-Tropomyosin Complexes

Proteins associated with the regulation of muscle contraction, acting as a switch that allows muscle fibers to contract when calcium ions are present.

Skeletal Muscle Fibers

Individual cells within skeletal muscles, characterized by their long, cylindrical shape and presence of multiple nuclei, responsible for voluntary movements.