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Pharoah's Style manufactures dining room tables for both home and restaurant locations. David Richard, the company's controller, developed the following standard costs for each
Pharoah's Style manufactures dining room tables for both home and restaurant locations. David Richard, the company's controller, developed the following standard costs for each 5-foot table. Ms. Richard developed these standards based on the company manufacturing 1,260 tables per month. Standard Price Standard Quantity Standard Cost Direct materials $50.00 per linear foot 5.00 linear feet $250.00 Direct labor 19.00 per DLH 12.00 DLH 228.00 Variable overhead 16.50 per DLH 12.00 DLH 198.00 Fixed overhead 28.20 per DLH 12.00 DLH 338.40 Total standard cost per table $1,014.40 The company actually manufactured 1,160 tables during the month. 5,960 linear feet of direct materials were purchased during the month at a total cost of $258,664. 5,460 linear feet of direct materials were used to manufacture the tables. 14,160 direct labor hours were worked at a total cost of $242,280. Actual variable overhead was $245,200. Actual fixed overhead was $411,100. (a) Calculate the direct material price variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Direct material price variance Touthook and Medi $ +A
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