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Data is included in the picture. Thanks! Ballona Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $201
Data is included in the picture. Thanks!
Ballona Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $201 per board. This includes 30 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budgeted rate of $14.10 per hour. Following are additional data for the month of July: Compute direct manufacturing labor variances for July. Compute the actual pounds of direct materials used in production in July. Calculate the actual price per pound of direct materials purchased. Calculate the direct materials price variance. Units completed Direct material purchases Cost of direct material purchases Actual direct manufacturing labor- hours Actual direct labor cost Direct materials efficiency varianceStep by Step Solution
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