Refer to the information in Exercise and compute the In exercise A manufactured product has the following
Question:
In exercise A manufactured product has the following information for June.
(1) Direct materials price
(2) Direct materials quantity variances.
Indicate whether each variance is favorable or unfavorable.
Transcribed Image Text:
Standard Actual Direct materials. .(6 lbs. Direct labor(2 hrs. Overhead Units manufactured.···· $8 per lb) 48,500 lbs. $16 per hr 5,700 hrs. $8.10 per lb. $16.50 per hr (2 hrs. @ $12 per h) $198,000 8,000
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1 Direct materials price variance Actual cost of direct materials used 48500 x 810 392850 ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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