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1. A manufactured product has the following information for June. Standard Actual Direct materials (6 lbs. @ $8 per lb.) 48,500 lbs. @ $8.10 per
1.
| A manufactured product has the following information for June. |
| Standard | Actual | |||
| Direct materials | (6 lbs. @ $8 per lb.) | 48,500 | lbs. @ $8.10 per lb. | |
| Direct labor | (2 hrs. @ $16 per hr.) | 15,700 | hrs. @ $16.50 per hr. | |
| Overhead | (2 hrs. @ $12 per hr.) | $ | 198,000 | |
| Units manufactured | 8,000 | |||
Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. 2.
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Measurement And Internal Audit Operations
Authors: Andrew Fight
1st Edition
184112401X, 978-1841124018
