Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Need response please Sunland Company has a materials price standard of $2.60 per kilogram. 4120 kilograms of materials were purchased at $2.30 a kilogram. The

Need response please
image text in transcribed
image text in transcribed
image text in transcribed
Sunland Company has a materials price standard of $2.60 per kilogram. 4120 kilograms of materials were purchased at $2.30 a kilogram. The actual quantity of materials used was 3500 kilograms, although the standard quantity allowed for the output was 3400 kilograms Sunland Company's materials price variance is $1236 F. $1136 F $1236 U. $1050 U. The standard rate of pay is $15.10 per direct labour hour. If the actual direct labour payroll was $58730 for 4000 direct labour hours worked, the direct labour price (rate) variance is $1670 unfavourable. $1510 favourable. $1670 favourable. $1510 unfavourable. Swifty Co. produces wooden boxes. The company's standards per box require 6 boards, each costing $11 per board, and half of an hour of direct labour. The standard labour rate is $16 per hour. In August, Swifty Co. purchased 12040 boards for a total cost of $123900. It used 11460 boards to manufacture 1900 boxes. Total labour hours were 1100 hours, and total labour costs were $16200. What was the labour quantity variance for August? $2400 W $133600 $13360 F $2400 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions