Case 2 – Fall 2020 CrittEar and Pacific-Research Laboratories Susan Hansen first came up with the CrittEar concept when she noticed her golden retriever was becoming more sound sensitive as he aged....

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Case 2 – Fall 2020


CrittEar and Pacific-Research Laboratories


Susan Hansen first came up with the CrittEar concept when she noticed her golden retriever was becoming more sound sensitive as he aged. As she was researching solutions for ways to help him, she discovered what an incredibly common problem it was. Dogs hear, on average, five times better than humans. As a result, those loud noises become particularly unbearable.


There’s also the issue that noise distractions can create for service dogs and dogs employed in the military, police forces, search and rescue operations and even as assistants for hunters. Constant exposure to loud noises has the potential to create long term damage. Standard calming methods like pheromones and vests aren’t appropriate.



The Solution


Susan’s idea to resolve the problem came from a simple slogan; “Dogs can’t fear what they can’t hear.” If earplugs were available to protect the ears of people, then why not dogs?


Of course, developing earplugs for dogs involved taking certain canine-specific issues into account, including:



  • The size and shape of the dog’s ear canal

  • Issues with dogs attempting to remove the devices from discomfort

  • The inability to gain feedback from the end-user


To manage these problems, Susan chose a medical-grade memory foam material that provided comfort and conformed to the shape and size of the dog’s ear easily.




The Results


The simple use, efficacy, and affordability of the product made them ideal for resolving the common issues with noise phobia in dogs of all sizes. Results have been so positive in dogs that the team atCrittEaris exploring lines for cats, horses, and other animals who commonly suffer noise phobias.


The information given above is an actual small manufacturing solution. See the links to the companies below:



https://www.pacific-research.com



https://www.crittear.com/



Financial Information


The financial information given below is hypothetical.


CRITTEAR Company produces CrittEars. Overhead is applied to products on the basis of direct labor hours. The denominator level of activity is 4,030 hours. The company’s standard cost card is below:


Direct materials – Memory Foam: 6 pieces per CrittEar at $0.50 per piece


Direct labor: 1.3 hours per CrittEar at $8 per hour


Variable manufacturing overhead: 1.3 hours per CrittEar at $4 per hour


Fixed manufacturing overhead: 1.3 hours per CrittEar at $6 per hour


During January, the company produced 3,000 CrittEars. The fixed overhead expense budget was $24,180.



Actualcosts in January were as follows:


Direct materials: 25,000 pieces purchased at a cost of $0.48 per piece


Direct labor: 4,000 hours were worked at a cost of $36,000


Variable manufacturing overhead: Actual cost was $17,000


Fixed manufacturing overhead: Actual cost was $25,000





Case Instructions:


You are the comptroller for Pacific Research Laboratories. Write a memo to the CFO regarding the following cost variances for January:




The memo should include the following separate paragraphs:


· Brief introduction




· Total Material Variance and the breakdown to the Material Price Variance, Material Quantity Variance. For the price and quantity variances discuss at least two possible reasons for the variance.




· Total Labor Variance and the breakdown to the Direct Labor Rate Variance, Direct Labor Efficiency Variance Total Labor Variance. For the rate and efficiency variances discuss at least two possible reasons for the variance.




· Overhead Budget Variance, and Overhead Volume Variance. Discuss at least two possible reasons for the variance.




· Recommendation for dealing with the two large variances identified above. Make sure you consider how the reader will benefit from the desired actions and how you can make those actions easier. For example, you might say, "I will be glad to discuss this recommendation with you."








Answered Same DayNov 07, 2021

Answer To: Case 2 – Fall 2020 CrittEar and Pacific-Research Laboratories Susan Hansen first came up with the...

Yash answered on Nov 10 2021
146 Votes
To: CFO
From: Comptroller
Date: 9th November, 2020
Subject: Observation on Cost Variances for January
I
am writing this to draw you attention towards the Cost variances for the month of January.
First of all, I would like to inform you regarding Material Cost Variances which were as follows:
Standard quantity = 3000*6 = 18,000 Pieces
Actual Qty = 25,000 Pieces
SP = $0.50 per piece
AP = $0.48 per piece
Total Material Variance = (25,000*0.48) – (18,000*0.50)
= $(12,000-9,000) = $3,000 (A)
Material Price Variance = $ (0.50-0.48)*25,000 = $500 (F)
Material Qty. Variance = $(25,000-18,000)*0.50 = $3,500 (A)
Possible reason for Material price variance:
a.) Additional discount received due to the purchases of large qty. i.e. additional qty of 7,000 pieces.
b.) There might be some compromise in the quality/standard of Raw Material
Possible reason for Material Qty variance:
a.) Low quality of Raw Material
b.) Damage during transit or in production process.
Secondly, I would like to inform you regarding Labour Cost...
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