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Huron Company produces a cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are given below:
Huron Company produces a cleaning compound known as Zoom. The direct materlals and direct labor standards for one unit of Zoom are given below:
tabletableStandardQuantity orHoursStandard Price or Rate,Standard costDirect materials, pounds,$ per pound,Dinect labor, hours,$ per hour,
During the most recent month, the following activity was recorded:
a Eleven thousand pounds of materlal were purchased at a cost of $ per pound.
b The company produced only units, using pounds of material. The rest of the material purchased remained in raw materlals inventory.
c hours of direct labor time were recorded at a total labor cost of $
Required:
Compute the materlals price and quantity varlances for the month.
Note: Indlcate the effect of each varlance by selecting F for favorable, U for unfavorable, and "None" for no effect le zero varlance Input all amounts as positive values.
tableMaterials price variance,Materials quantity variance,
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