Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Best Bathware Company manufactures faucets in a small manufacturing facility. The faucets are made of zinc. Manufacturing has 50 employees. Each employee presently provides 36

Best Bathware Company manufactures faucets in a small manufacturing facility. The faucets are made of zinc. Manufacturing has 50 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows: # of manufacturing employees 50 Hours of labor a week/employee 36 Standard wage per hour $14.60 Standard labor time per faucet 15 minutes Standard # pds. of zinc 1.6 lbs. Standard price per pds. of zinc $11.50 Actual price per pds. of zinc $11.75 Actual pds. of zinc used per week 12,400 # of faucets produced during week 7,500 Actual wage per hr $15.00 Actual hours per week 1,800 hours Requirements: 1) standard cost per unit for direct materials and direct labor 2) the price variance, the quality variance, and total direct materials cost variance 3) the rate variance, time variance, and total direct labor cost variance (hint: direct labor time variance = $1095 F) HELP

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Statistics With Applications In R

Authors: Chris P. Tsokos, K.M. Ramachandran

2nd Edition

124171133, 978-0124171138

Students also viewed these Accounting questions