Question
Garcia Manufacturing has the following data available for their budget report: Standard Labor Rate $15.00 per hour Standard Hours Per Unit .60 hours per unit
Garcia Manufacturing has the following data available for their budget report:
Standard Labor Rate $15.00 per hour
Standard Hours Per Unit .60 hours per unit
Standard Direct Materials Per Unit 3 pounds per unit
Standard Price Per Direct Material $2.40
Actual Price Per Direct Material $2.50
Actual # of Pounds Used 14,350
Units Manufactured and Sold 4,800
Actual Labor Rate $14.40 per hour
Actual Direct Labor Hours 3,240
Required
Answer the posted questions for both direct materials and direct labor
Evaluate the results, how did the company perform with regard to spending on direct materials and direct labor?
Direct Materials
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Direct Labor
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Analysis
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Just In Time Accounting How To Decrease Costs And Increase Efficiency
Authors: Steven M. Bragg
3rd Edition
0470403721, 978-0470403723
