Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help with this accounting question asap. I will give good rating!!! Camila Company has set the following standard cost per unit for direct
I need help with this accounting question asap. I will give good rating!!!
Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (10 lbs. $3 per b.). $30 Direct labor (2 hrs. $12 per hr). Exercise 21-12 Direct materials and direct $24 labor variances P3 During June the company incurred the following actual costs to produce 9,000 units. Direct materials (92,000 lbs. @ $2.95 per lb.)... $271,400 Direct labor (18,800 hrs. @ $12.05 per ht)... $226,540 Compute the (1) direct materials price and quantity variances and (2) direct labor rate and efficiency vari- ances. Indicate whether each variance is favorable or unfavorable.
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