Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company uses the following standard costs to produce a single unit of output. Direct materials 5 pounds at $ 0 . 8 0 per

A company uses the following standard costs to produce a single unit of output.
Direct materials 5 pounds at $0.80 per pound = $ 4.00
Direct labor 0.6 hour at $8.00 per hour 4.80
Manufacturing overhead 0.6 hour at $4.60 per hour 2.76
During the latest month, the company purchased and used 46,000 pounds of direct materials at a price of $0.90 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $44,764 based on 5,890 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $23,600 and fixed manufacturing overhead incurred was $18,000. Based on this information, the total direct labor variance for the month was:

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

Fundamentals of Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

7th edition

1259722635, 978-1259722639

More Books

Students also viewed these Accounting questions

Question

Simplify the complex fraction. x3 y3 x? y?

Answered: 1 week ago

Question

What other publications/presentations does the person have?

Answered: 1 week ago