Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files.
Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.) $ Direct Labor per hour hours per unit 2.00 hours 13.00 per hour 6,000 units Direct Material 9.00 per lb lbs per unit lbs per unit 8.00 per lb 6,000 units 40,200 F Standard price or rate per unit of input Standard quantity per unit of output Actual quantity used per unit of output Actual price or rate per unit of input Actual output Direct-material price variance Direct-material quantity variance Total direct-material variance Direct-labor rate variance Direct-labor efficiency variance Total direct-labor variance $ $ $ 29,400 F $ $ 28,800F 16,800 F
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