Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

part 2 part3 Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per

image text in transcribedpart 2 image text in transcribedpart3image text in transcribed

Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co. paid $57,300 for 4,890 pounds, which were used to produce 2,410 units. What is the direct materials quantity variance? (Do not round your intermediate calculations.) O $10,310 unfavorable O $2,223 favorable O $1,850 unfavorable O $9,550 favorable Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $24 per pound. During July, Exeter paid $134,000 for 4,990 pounds, which it used to produce 4.780 units. What the direct materials price variance? (Do not round your intermediate calculations.) O $14,240 unfavorable O $32,620 unfavorable O $13,340 favorable O $19,280 unfavorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $34.50 per hour. During July, Whitman paid $165,240 to employees for 4,860 hours worked. 2,680 units were produced during July. What is the flexible budget amount for direct labor? O $315,660 O $350,160 $184,920 O $335,340

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

Financial Accounting For Management

Authors: N Ramachandran

3rd Edition

1259004694, 978-1259004698

More Books

Students also viewed these Accounting questions

Question

Write a SAS program to carry out the analysis of Exercise 9.1.

Answered: 1 week ago

Question

6. Explain the power of labels.

Answered: 1 week ago

Question

5. Give examples of variations in contextual rules.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago