Solve for the Missing Piece of Information for Each of the Following

question 87

Short Answer

Solve for the missing piece of information for each of the following independent situations:
$\begin{array}{lllll} \underline { Account }& \underline { \text { CASE A} } & \underline{ \text { CASE B}} & \underline{ \text { CASE C}} & \underline{ \text { CASE D}}\\\text { Raw materials } & \$ 1,000 & \$ 400 & \$ 300 & \$ 200 \\\text { Cost of completed units } & 3,200 & 2,200 & \mathbf{C} & 1,500 \\\text { Manufacturing overhead } & 400 & \mathbf{B} & 300 & 100 \\\text { Ending work in process } & 1,200 & 800 & 400 & \mathbf{ D } \\\text { Direct labor costs } & 2,200 & 1,000 & 100 & 1,000 \\\text { Beginning work in process } & \mathbf{A} & 750 & 700 & 400\end{array}$

---

Definitions:

Direct Materials Purchases Variance

A measure used in accounting to analyze the difference between the budgeted cost of materials needed for production and the actual cost incurred.

Actual Production

The real quantity of goods or services produced in a specified period, as opposed to planned or expected production levels.

Labor Rate Variance

The difference between the actual labor costs incurred and the standard labor costs expected for the labor hours worked.

Standard Costs

The estimated costs associated with manufacturing, aimed at aiding budgeting and performance evaluation.