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Pls answer ASAP Wonderland Company produces jewelry. The table below shows the data for the month in production of bracelets: Direct Materials Direct Labor Actual
Pls answer ASAP
Wonderland Company produces jewelry. The table below shows the data for the month in production of bracelets:
Direct Materials | Direct Labor | |
Actual price per unit of input | 0.45 | 0.60 |
Std price per unit of input | 0.55 | 0.45 |
Actual units of input | 385,000.00 | 525,800.00 |
Actual units of output | 150,000.00 | 150,000.00 |
It takes 15 units of direct materials and 3 hrs to produce 5 rings.
Required: Compute for the Material Price, Efficiency and Flexible Budget Variance as well as the Labor Rate, Efficiency and Flexible Budget Variance. Please use 2 decimal places. Indicate "U" for Unfavorable and "F" if Favorable.
Amount (2 decimal places) | U or F | |
MPV | ||
MEV | ||
MFBV | ||
LRV | ||
LEV | ||
LFBV |
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