Jugo Company produces fruit juices, sold in gallons. Recently, the company adopted the following standards for one
Question:
Jugo Company produces fruit juices, sold in gallons. Recently, the company adopted the following standards for one gallon of its apple juice: lop5 Direct materials (128 oz @ $0.025) $3.20 Direct labor (0.06 hr @ $9.00) 0.54 Standard prime cost $3.74 During the first week of operation, the company experienced the following actual results:
a. Gallon units produced: 20,000
b. Ounces of materials purchased: 2,568,000 ounces at $0.02
c. No beginning or ending inventories of raw materials
d. Direct labor: 1,000 hours at $9.50 Required:
1. Compute price and usage variances for direct materials.
2. Compute the rate variance and the efficiency variance for direct labor.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
