Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pina Company produces hot sauce. The following information is provided concerning its standard cost system for the year: Standard Data Actual Data Material 0.125

image text in transcribed

Pina Company produces hot sauce. The following information is provided concerning its standard cost system for the year: Standard Data Actual Data Material 0.125 lb. @ $7.50 per lb. Produced 5050 Labor 24 mins. @ $12.00 per hr. Materials cost $7.40 per pound Budgeted fixed overhead $32370 Materials used 556 pounds Budgeted variable overhead $4.50 per unit Labor worked 1798 hours totaling $22475 Budgeted production 5130 Actual overhead Fixed $22800; Variable $32410 How much is the labor price variance? $899U. $1765F. $1765F. $202U.

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

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

10th edition

133117413, 978-0133129519, 133129519, 978-0133129557, 133129551, 978-0133117561, 133117561, 978-0133117417

More Books

Students also viewed these Accounting questions