Answered step by step
Verified Expert Solution
Question
1 Approved Answer
of 3 A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds
of 3 A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $15 per DLH 2 DLH @ $12 per DLH Actual Results 43,000 pounds @ $8.10 per pound 13,800 hours @ $15.60 per hour 7,100 units $176,500 Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.) SQ Standard Quantity ok AQ Actual Quantity nt AP Actual Price: SP Standard Price nces Actual Cost $ 0 $ 0 0 $ 0 < Prev 5 6 of 13 Next > Standard Cost zoom LITERUMy invites applies to your payou Deivi A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @$8 per pound 2 DLH @ $15 per DLH 2 DLH @ $12 per DLH Actual Results 43,000 pounds @ $8.10 per pound 13,800 hours @ $15.60 per hour $ 176,500 7,100 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Hours Standard Hours SH AR Actual Rate SR Standard Rate: Actual Cost $ 0 $ 0 0 $ 9 < Prev 6 of 13 Next > Standard Cost
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