Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ises 10-28 rd of Variances case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller Direct
ises 10-28 rd of Variances case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller Direct labor: Quantity, 25 hour Rate, $16 per hour Direct material: Quantity, 4 kilograms Price, $.80 per kilogram Actual material purchases amounted to 240,000 kilograms at $.81 per kilogram. Actual costs incurred in the production of 50,000 units were as follows: Direct labor: Direct material: $211,900 for 13,000 hours $170,100 for 210,000 kilograms Required: Use the variance formulas to compute the direct-material price and quantity variances and the direct-labor rate and efficiency variances. 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