chegg.com Cost Accounting 15th Edition Textbook Solutions I Chegg.com Ther Answer For This Question Is Missing. Can You Chegg.com E Chegg Study TEXTBOOK SOLUTIONS EXPERT Q&A Search Bookmark Show all steps: a E Chapter 7, Problem 34P ON Chapter 7 Problem Direct manufacturing labor and direct materials variances, missing data. (CMA, heavily 25E adapted) Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct 26E materials and direct manufacturing labor is $223 per board. This includes 40 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budgeted rate of S14.30 per hour. Following are additional data for the month of July: Units completed 5.500 units 160.000 pounds Direct material purchases Cost of direct material purchases $432.000 Actual direct manufacturing labor-hours 41,000 hours Actual direct labor cost $594,500 Direct materials efficiency variance 1100 F 32P There were no beginning inventories. 1. Compute direct manufacturing labor variances for July. 2. Compute the actual pounds of direct materials used in production in July. 3. Calculate the actual price per pound of direct materials purchased. 4. Calculate the direct materials price 34P variance 36P Step-by-step solution 37P 38P 39P There is no solution to this problem yet. Get help from a Chegg subject expert