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Can someone tell me what I am doing wrong? Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee
Can someone tell me what I am doing wrong?
Lenni Clothing Co. manufactures clothing in a small manufacturing facility. Manufacturing has 25 employees. Each employee presently provides 40 hours of productive labor per week. Information about a production week is as follows Standard wage per hr. Standard labor time per unit Standard number of yds. of fabric per unit Standard price per Actual price per yd. of fabric Actual yds. of fabric used during the week Number of units produced during the week Actual wage per hr. Actual hrs. for the week $12.00 12 min. 5.0 yds $5.00 5.10 26,200 yds 5,220 11.80 1,000 hrs. yd. of fabric Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit Direct labor standard cost per unit Total standard cost per unit $25 $2.40 $27.4 b. Determine the price variance, quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance Quantity variance Total direct materials cost variance $3120 $100 $3220 Unfavorable Unfavorable Unfavorable c. Determine the rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable Rate variance Time variance Total direct labor cost variance $-200 Favorable $-200 Favorable
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