Question
During March, Manhattan Fabrics Corporation manufactured 1,000 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production
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During March, Manhattan Fabrics Corporation manufactured 1,000 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to March. |
| Direct material purchased: 36,000 yards at $1.38 per yard | $ | 49,680 | |
| Direct material used: 19,000 yards at $1.38 per yard | 26,220 | ||
| Direct labor: 4,200 hours at $9.15 per hour | 38,430 | ||
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| The standard prime costs for one unit of Stylex are as follows: |
| Direct material: 20 yards at $1.35 per yard | $ | 27 | |
| Direct labor: 4 hours at $9.00 per hour | 36 | ||
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| Total standard prime cost per unit of output | $ | 63 | |
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Compute the following variances for the month of March: Direct Material Purchase Price VAriance Direct Materical Price Variance |
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Evaluating The Effectiveness On Internal Audit Departments
Authors: W. Steve Albrecht, Keith R. Howe, Dennis R. Schueler, Kevin D. Stocks
1st Edition
089413177X, 978-0894131776
