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8 Assume the following information (the quantity of materials purchased = the quantity used): Actual total cost of direct materials $ 65,560 Direct materials price
8
Assume the following information (the quantity of materials purchased = the quantity used):
Actual total cost of direct materials | $ | 65,560 | ||||
Direct materials price variance | $ | 5,960 | U | |||
Standard quantity of materials allowed per unit | 3 | lbs. | ||||
Standard price per pound of material | $ | 4.00 | ||||
Standard rate per direct labor hour | $ | 5.00 | ||||
Actual total direct labor hours | 6,500 | |||||
Direct labor efficiency variance | $ | 3,500 | F | |||
Standard number of direct labor hours allowed per unit | 2 | hours | ||||
Direct labor spending variance | $ | 400 | U | |||
What is the total actual labor cost?
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