Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Acme, Inc manufactures widgets. Information about a production week is as follows: Standard wage per hr. Standard labor time per unit $8.00 12 min.
Acme, Inc manufactures widgets. Information about a production week is as follows: Standard wage per hr. Standard labor time per unit $8.00 12 min. Standard number of pounds of plastic per unit 4.4 pounds Standard price per pound of plastic $6.00 Actual price per pound of plastic $5.90 Actual pounds of plastic used during the week Number of units produced during the week Actual wage per hr. Actual hrs. for the week How much is the time variance? 25,000 pounds 5,000 $8.20 900 hrs. ($820)F O ($800)F $2000 $180U none of these answer choices
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started