Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please add calculations The budget for the month of May was for 16,800 units at a direct materials cost of $33 per unit. Direct labor
Please add calculations
The budget for the month of May was for 16,800 units at a direct materials cost of $33 per unit. Direct labor was budgeted at 42 minutes per unit for a total of $151,200. Actual output for the month was 10,300 units with $172,500 in direct materials and $95,775 in direct labor expense. The direct labor standard of 42 minutes was obtained throughout the month. Variance analysis of the performance for the month of May would show a(n): (CMA adapted) favorable materials efficiency (quantity) variance of $9,300. favorable direct labor efficiency variance of $3,075. O O O O unfavorable direct labor efficiency variance of $3,075. unfavorable direct labor price (rate) variance of $3,075Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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