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Baird Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product: During
Baird Manufacturing Company produces a single product. The following data apply to the standard cost of materials and labor associated with making the product: During the year, the company made 1,820 units of product. At the end of the year, the following variances had been calculated. Required a. Determine the actual amount of materials used. b. Determine the actual price paid per pound for materials. (Round your answer to 2 decimal places.) c. Determine the actual labor hours used. d. Determine the actual labor price per hour. (Round your answer to 2 decimal places.)
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