Question
De Leon Manufacturing The following March information is available for De Leon Manufacturing Company when it produced 2,100 units: Standard: Material 2 pounds per unit
De Leon Manufacturing The following March information is available for De Leon Manufacturing Company when it produced 2,100 units: Standard: Material 2 pounds per unit @ P5.80 per pound Labor. 3 direct labor hours per unit @ P10.00 per hour Actual: Material. 4,250 pounds purchased and used @ P5.65 per pound Labor 6,300 direct labor hours at P9.75 per hour 1. Refer to De Leon Manufacturing.
1. What is the material price variance?
2. Refer to De Leon Manufacturing. What is the material quantity variance?
3. Refer to De Leon Manufacturing. What is the labor rate variance?
4. Refer to De Leon Manufacturing. What is the labor efficiency variance?
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
19th Edition
1292255994, 9781292255996
