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please help me! A company uses the following standard costs to produce a single unit of output, Direct materials 6 pounds at $0.90 per pound
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A company uses the following standard costs to produce a single unit of output, Direct materials 6 pounds at $0.90 per pound Direct labor 0.5 hour at $12.00 per hour Manufacturing overhead 0.5 hour at $4.80 per hour - $ 5.40 = $ 6.00 = $ 2.40 During the latest month, the company purchased and used 58.000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct labor rate variance for the month was: $1.200 unfavorable $1.200 favorable O $3,650 favorable $3,650 unfavorable $2.450 favorable Step by Step Solution
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