Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explain the math behind questions 18-21 Use the following to answer questions 18-21: Hurricane, Inc. manufactures hurricane lamps. Selected data regarding standard costs follow:

please explain the math behind questions 18-21 image text in transcribed
Use the following to answer questions 18-21: Hurricane, Inc. manufactures hurricane lamps. Selected data regarding standard costs follow: Direct materials per unit 3.5 pounds at $5.00 per pound Direct labor per unit 3 hours at $9.50 per hour Selected actual results for the month of August are shown below: Units produced Direct materials purchased 5,500 20,000 pounds at a total cost of $104,000 19,400 pounds 16,800 hours at a total cost of $163,800 Direct materials used Direct labor used 18. The direct labor price variance is: A) $2,850U B) $2,925F C $4,125F D$4,2000 19. The direct labor usage variance is: A) $2.850U B) $2,925F C) $4,125F D) $4,200U 20. The direct materials price variance is: A) $3,750F B) $3,850F C) $3,880U $4,000U 21. The direct materials usage variance is: A) $_7500 B) $ 780F C) $3,000U D) $3,750F

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

More Books

Students also viewed these Accounting questions

Question

Describe the menstrual cycle in a woman.

Answered: 1 week ago

Question

Explain methods of metal extraction with examples.

Answered: 1 week ago