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q13.Due by 1:45pm est usa. No extensions. Pardoe , Inc., manufactures a single product. The company uses a standard cost system and has established the

q13.Due by 1:45pm est usa. No extensions.

Pardoe, Inc., manufactures a single product. The company uses a standard cost system and has established the following standards for one unit of product:

Standard Quantity of inputs Standard Price or Rate per input Standard Cost per unit
Direct materials 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60

Pardoe's budget for March used estimated production and sales of 2,800 units.

During March, the following activity was recorded by the company:

  • The company produced 3,000 units during the month.
  • A total of 8,000 pounds of material were purchased and used. The cost was $23,000.
  • During March, 1600 direct labor hours were worked at a rate of $6.50 per hour.

For all of thesePardoequestions, pick the closest answer numerically and then choose based on the U or F.

The materials price variance for March is:

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