Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need some help on these. Thanks! During June the company incurred the following actual costs to produce 8,200 units. Direct nateriats 1116,900 pounds a $3,75

Need some help on these. Thanks!
image text in transcribed
image text in transcribed
During June the company incurred the following actual costs to produce 8,200 units. Direct nateriats 1116,900 pounds a $3,75 per pound? Direct labor (37, eae hours e $16.20 per hour) \$ 438,375 AR = Actual Rate SR= Standard Rate AQ-ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materias price and cuantity variances (2) Compute the direct labor rate variance and the direct labor efficiency variance Complete this question by entering vour answers in the tabs below. Camila Company has set the foliowing standard cost per unit for direct materials and direct labor. Directmaterials(14poundsa$4perpound)Directlaber(4hourse$16perhour)$5664 During June the company incurred the following actual costs to produce 8,200 units. Directmatertals(116,900poundse$3,75perpound)Oifectlaber(37,00ehourse$16.28perhour)599,475 AR=ActualRoteSR=StandardRateAQ=ActualQuantitySO=StandardQuantityAP=ActualPriceSP=StandardPrice (1) Compute the direct materials price and quantity variances (2) Compute the direct labor rate variance and the direct labot efficiency variance. Complete this question by entering your answers in the tabs below

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

Accounting Understanding And Practice

Authors: Robert Perks

3rd Edition

0077124782, 9780077124786

More Books

Students also viewed these Accounting questions