Question
Assume the following information (the quantity of materials purchased = the quantity used): Actual total cost of direct materials $ 65,560 Direct materials price variance
Assume the following information (the quantity of materials purchased = the quantity used):
| Actual total cost of direct materials | $ | 65,560 | ||||
| Direct materials price variance | $ | 5,960 | U | |||
| Standard quantity of materials allowed per unit | 3 | lbs. | ||||
| Standard price per pound of material | $ | 4.00 | ||||
| Standard rate per direct labor hour | $ | 5.00 | ||||
| Actual total direct labor hours | 6,500 | |||||
| Direct labor efficiency variance | $ | 3,500 | F | |||
| Standard number of direct labor hours allowed per unit | 2 | hours | ||||
| Direct labor spending variance | $ | 400 | U | |||
What is the total direct labor cost allowed for the actual level of output?
Multiple Choice
-
$29,000
-
$34,000
-
$36,000
-
$35,000
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
Public Sector Accounting And Budgeting For Non-Specialists
Authors: G. Jan Van Helden, Ron Hodges
1st Edition
1137376988, 9781137376985
