Question
1.1 Actual quantity is the actual direct material or direct labor used to manufacture the: a. actual quantity of output b. actual quantity of input
1.1 Actual quantity is the actual direct material or direct labor used to manufacture the:
a. actual quantity of output
b. actual quantity of input
c. standard quantity of output
1.2 Who has the main responsibility for a materials price variance?
a. production manager
b. purchasing manager
1.3 A Min Company operates at 80% capacity. At this level, they produce 1,000 units, total overhead costs are $15,000, and they predict they will use 10,000 direct labor hours.
Standard overhead rate per direct labor hour at 80% capacity is __________
Please show all of the work for all three parts of these questions. Even if it seems common sense, please show all of it for all of them! Thank you!
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