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9 0 . Joyful Manufacturing Limited ( JML ) manufactures and sells a single product. JML maintains a standard costing system. Standard cost
Joyful Manufacturing Limited JML manufactures and sells a single product. JML maintains a standard costing system. Standard cost of direct materials and direct labor for the year just ended are:
$ Direct materials kg at $
Direct labor hours at $
units were produced for the year just ended. Other actual data for the same year ended are as follows:
Direct materials purchased
Direct material price variance at the time of purchase Direct material quantityusage variance
Direct labor
Direct labor rate variance
Compute the direct materials used for the year just ended.
a kg
b kg
c kg
d kg
kg
$ Adverse $ Favorable hours $ Favorable
Joyful Manufacturing Limited JML manufactures and sells a single product. JML maintains a standard costing system. Standard cost of direct materials and direct labor for the year just ended are:
$ Direct materials kg at $
Direct labor hours at $
units were produced for the year just ended. Other actual data for the same year ended are as follows:
Direct materials purchased
Direct material price variance at the time of purchase Direct material quantityusage variance
Direct labor
Direct labor rate variance
Compute the direct labor actual rate per hour for the year just ended. a $
b $ c $ d $
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