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q13.Due by 1:45pm est usa. Pardoe, Inc., manufactures a single product. The company uses a standard cost system and has established the following standards for
q13.Due by 1:45pm est usa.
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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