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1. Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $7.50 Direct labor 5 hours at $7.50
1. Cost standards for one unit of product no. C77:
Direct material 3 pounds at $2.50 per pound $7.50
Direct labor 5 hours at $7.50 per hour 37.50
Actual results:
Units produced 7,800 units
Direct materials purchased 26,000 pounds at $2.70 $70,200
Direct materials used 23,100 pounds at $2.70 62,370
Direct labor 40,100 hours at $7.30 292,730
The direct-material quantity variance is:
A) $750F.
B) $750U.
C) $6,500U.
D) $7,250U.
E) None of these.
2.
The direct-labor rate variance is:
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$7,800F.
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$7,950F.
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$8,020F.
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$8,000U.
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None of these.
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