Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*I'm struggling to be able to figure this problem out below* Weissfeld Corporation manufactures a single product. The direct materials standard calls for 5 pounds

*I'm struggling to be able to figure this problem out below*

Weissfeld Corporation manufactures a single product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following info is found for the month of october:

Number of units produced 825

Cost of actual direct materials purchased and used $38,400

Actual direct labor hours used 1,525

Actual direct labor cost incurred $20,587

Materials price variance-favorable $1,200

Labor efficiency variance-unfavorable $325

Total labor variance-unfavorable $1,087.50

A) calculate the number of pounds of direct materials purchased and used during October.

B.) Calculate the materials quantity variance

C.) Calculate the standard direct labor rate per hour

D.) Calculate the standard direct labor hours allowed for October's production

*Please help me I've been trying all day to figure this out

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

Management Accounting Information for creating and managing value

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

8th edition

9781760420413 , 978-1760420406

More Books

Students also viewed these Accounting questions

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago

Question

The relevance of the information to the interpreter

Answered: 1 week ago