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Lemon Company manufactures a single product. The company manufactured 5,000 units in March, using 6,150 pounds of material and 2,420 labor hours. During the same
Lemon Company manufactures a single product. The company manufactured 5,000 units in March, using 6,150 pounds of material and 2,420 labor hours. During the same month, they purchased 6,200 pounds of material for $151,590. The actual labor cost for March was $39,930. There were no beginning or ending work-in-process inventories. The company has the following unit standard costs for direct materials and labor.
Budgeted
quantity
Per unit Budgeted price
Direct materials 1.20 pounds $25 per pound
Direct labor 0.50 hours $15 per hour
- The direct manufacturing labor rate variance for March is:
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