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ASSIGNMENT - WEEK 4 London Enterprises uses a standard cost system in its widget division. The following standard unit costs apply to the manufacture of
ASSIGNMENTWEEK
London Enterprises uses a standard cost system in its widget division. The following standard
unit costs apply to the manufacture of widgets in June:
Direct Materials
Direct Labor
Variable
Fixed
Normal production
lbs @ $ perlb.
hrs $$ per hr
$ per direct labor hour
$ total for month
units per month
Actual production data per unit for June was:
Direct Materials
Direct Labor
Variable
Fixed
Actual production
lbs @$ per lb
hrs @$ per hr
$ total for month
$ total for month
units
Required:
What is the budgeted fixed overhead application rate for June?
What is the direct materials quantity variance for June?
What is the direct materials price variance for June?
What is the direct labor rate variance for June?
What is the direct labor efficiency variance for June?
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