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A company uses the following standard costs to produce a single unit of output. $6.30 Direct materials Direct labor Manufacturing overhead 7 pounds at $0.90
A company uses the following standard costs to produce a single unit of output. $6.30 Direct materials Direct labor Manufacturing overhead 7 pounds at $0.90 per pound 0.30 hour at $10.00 per hour 0.30 hour at $4.50 per hour $3.ee $1.35 During the latest month, the company purchased and used 67,000 pounds of direct materials at a price of $1.10 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $26,125 based on 2,750 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $10,500 and fixed manufacturing overhead incurred was $17,000. Based on this information, the direct materials quantity variance for the month was
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