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Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.70 per pound $ 8.10 Direct labor 7 hours at $7.40
| Cost standards for one unit of product no. C77: | ||||
| Direct material | 3 pounds at $2.70 per pound | $ | 8.10 | |
| Direct labor | 7 hours at $7.40 per hour | 51.80 | ||
| Actual results: | ||||
| Units produced | 5,800 units | |||
| Direct material purchased | 27,100 pounds at $2.90 | $ | 78,590 | |
| Direct material used | 17,100 pounds at $2.90 | 49,590 | ||
| Direct labor | 41,200 hours at $7.20 | 296,640 | ||
Use the information to compute the following variances. The direct-material quantity variance is:
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How To Audit Anything The Pink Book Of Auditing Any Process
Authors: R. Alakbarov
1st Edition
1520195575, 978-1520195575
