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Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.60 per pound $ 7.80 Direct labor 5 hours at $7.20
| Cost standards for one unit of product no. C77: | ||||
| Direct material | 3 pounds at $2.60 per pound | $ | 7.80 | |
| Direct labor | 5 hours at $7.20 per hour | 36.00 | ||
| Actual results: | ||||
| Units produced | 8,000 units | |||
| Direct material purchased | 26,000 pounds at $2.80 | $ | 72,800 | |
| Direct material used | 23,700 pounds at $2.80 | 66,360 | ||
| Direct labor | 40,500 hours at $7.00 | 283,500 | ||
Use the information to compute the following variances. The direct-labor rate variance is:
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
