Standard Costs and Balanced Scorecard

Rogen Corporation manufactures product. The standard cost per unit of product is shown below.

Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2020.

Rudd Clothiers is a small company the manufactures tall- men's suits. The company has used a standard cost accounting system. In May 2020, 11,250 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used.

Kansas Company uses a standard cost accounting system. In 2020, the company produced 28,000 units. Each several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct labor hours. During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year.

Hart Labs, Inc, provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test.

Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,900 units of product B was received. The standard cost of one unit of product B is as follows.

Using the information in P25-1A, compute the overhead controllable variance and the overhead volume variance.

Using the information in P25-1A, compute the overhead controllable variance and the overhead volume variance.

Using the information in P25-1A, compute the overhead controllable variance and the overhead volume variance.

Using the information in P25-5A, compute the overhead controllable variance and the overhead volume variance.

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