Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

31) Actual hrs x actual rate= 90; std hrs x std rate=80; price var= 7 unt; quant var=3 unf What dollar amount is used to

image text in transcribed
31) Actual hrs x actual rate= 90; std hrs x std rate=80; price var= 7 unt; quant var=3 unf What dollar amount is used to debit WIP? 32) Standard per suit is 7 hours @ 10 per hour. Made 10 suits; used 73 hours at 8 per hour 32A) Find the price var indicate $ amount and fav or un 32B) Find the efficiency var indicate $ amount and fav or un 33) Standard per suit is 7 lbs @ 7 per lb. made 10 suits: bought 80 lbs @ 8 per lb. Used 77 lbs. Find the quantity variance

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

Recommended Textbook for

Advanced Accounting

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

11th Edition

978-0132568968, 9780132568968

More Books

Students also viewed these Accounting questions