Question
*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
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