Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am very confused on the two questions, please someone can help? I'll leave thumb up!!! Question 23 6 pts The standard cost of Product

image text in transcribed

I am very confused on the two questions, please someone can help? I'll leave thumb up!!!

Question 23 6 pts The standard cost of Product B manufactured by Almed Company includes two units of direct materials at $4.00 per unit. During June, 27,000 units of direct materials are purchased at a cost of $3.80 per unit, and 27,000 units of direct materials are used to produce 13,000 units of Product B. What is the DM Quantity (Efficiency) Variance? Please indicate if the Variance if Favorable or Unfavorable by using an "F" or "U" Do not use "$" or commas in your answer. For example, if your answer is $1000 Favorable, it should be entered as 1000F. Question 24 6 pts Baker Company's standard labor cost of producing one unit of Product DD is3 hours at the rate of $10.00 per hour. During August, 30,500 hours of labor are incurredat a cost of $10.10 per hour to produce 10,000 units of Product DD. Calculate the DL Price (Rate) Variance. Please indicate if the variance if Favorable or Unfavorable by using an "F" or a "U." Do not enter "$" or commas in your answer. For example, if the answer is $1000 Favorable, please enter 1000F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting (Chapters 1-17)

Authors: John Wild

24th Edition

1260158608, 9781260158601

More Books

Students also viewed these Accounting questions

Question

What is the persons job (e.g., professor, student, clinician)?

Answered: 1 week ago

Question

8.1 Differentiate between onboarding and training.

Answered: 1 week ago

Question

8.3 Describe special considerations for onboarding.

Answered: 1 week ago