Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

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_2

Step: 3

blur-text-image_3

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

Accounting For Non-Accountants

Authors: David Horner

12th Edition

1789664306, 9781789664300

More Books

Students also viewed these Accounting questions

Question

What property does the correlation coefficient measure?

Answered: 1 week ago