Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please respond asap The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: During the most recent month,
please respond asap
The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: During the most recent month, the following activity was recorded: a. 23,000 millilitres of material was purchased at a cost of $0.26 per millilitre. b. All of the material was used to produce 3,640 bottles of Clean-All. c. 600 hours of direct labour time was recorded at a total labour cost of $7,200. Assume that instead of producing 3,640 bottles of Clean-All during the month, the company produced only 2,000 bottles, using 19,000 milililitres of material. (The rest of the material purchased remained in raw materials inventory.) Required: Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, " U " for unfavourable, and "None" for no effect (i.e., zero variance).) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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