Question
Arrow Industries has gathered the following budgeted information. Direct Material 8 pounds/unit $1.80 per pound Direct Labor .25 hour/unit $8.00 per hour During November, Arrow
Arrow Industries has gathered the following budgeted information.
Direct Material
8 pounds/unit
$1.80 per pound
Direct Labor
.25 hour/unit
$8.00 per hour
During November, Arrow purchased 160,000 pounds of direct materials and used 165,000 pounds. The total cost of purchases was $304,000. Direct labor costs for November was $37,800. The budgeted production was 18,500 units. Arrow manufactured 19,000 units of product during November using 5,000 direct labor hours.
Determine the DM Price variance for November?
Arrow Industries has gathered the following budgeted information.
|
|
|
Direct Material | 8 pounds/unit | $1.80 per pound |
Direct Labor | .25 hour/unit | $8.00 per hour |
During November, Arrow purchased 160,000 pounds of direct materials and used 165,000 pounds. The total cost of purchases was $304,000. Direct labor costs for November was $37,800. The budgeted production was 18,500 units. Arrow manufactured 19,000 units of product during November using 5,000 direct labor hours.
Determine the DM Price variance for November?
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The Well Church Book A Practical Guide To Mission Audit
Authors: John Finney
1st Edition
0862015499, 978-0862015497
