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Part of your companys accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files.
Part of your companys 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.
Direct Labor per hour $ hours per unit 2.20 hours Direct Material 11.00 per lb lbs per unit Ibs per unit 10.00 per lb 7,000 units 48,300F $ 15.00 per hour $ 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 7,000 units $ $ 34,000 F $ 19,600 F 4,200 F $Step by Step Solution
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