Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Direct Materials and Direct Labor Variance Analysis Best Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has
Direct Materials and Direct Labor Variance Analysis Best Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 40 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows:
Direct Materials and Direct Labar vanance Analysis Best Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 40 employees. Each employee presently provides 32 hours of labor per week Information about a production week is as follows: Standard wage per $13.8 hour Standard labor time 10 per faucet Standard number of 1.9 lbs. of zinc Standard price per $12.5 lb. of zinc Actual price per lb. $12.7S of zinc Actual lbs. of zinc 17,000 used during the Number of faucets produced during the 8,700 Actual wage per hour $14.2 Actual hours per 1,280 hrs Required a. Determine the standard cost per faucet for direct materials and direct labo Round the cost per uni to two decimal places Direct materials standard cost per faucet Direct labor standard cost per faucet Total stand d cost per faucet he d ls price varia and total di terials cost Enter a fa able ative number usi able
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started