Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 help me please During June, Danby Company's material purchases amounted to 8,600 pounds at a price of $780 per pound. Actual costs incurred in

1 help me please
image text in transcribed
During June, Danby Company's material purchases amounted to 8,600 pounds at a price of $780 per pound. Actual costs incurred in the production of 1,800 units were as follows: Direct labor: Direct material: 5141,120 (519.20 per hour) $46,880 (57.80 per pound) Bed The standards for one unit of Danby Company's product are as follows: Direct Labor: Direct Material Quantity. 4 hours per unit Quantity ) pounds per unit Rate, 519.10 per hour Price, 7.50 per pound Required: Compute the direct-material price and quantity variances, the direct material purchase price variance, and the direct-labor rate and efficiency variances (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (e., zero variance).) 5 Direct mai variance Directrice Dred purchase price race Director arance Director Mency ance 3 2.500 Unfavorable 24,000 Unfavorable 25.580 Unfavorable 735 Unfavorable 2.865 Unfavorable 5 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions