QUESTION 11 ALBA company developed standard costs for direct material and direct labor for its product...
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QUESTION 11 ALBA company developed standard costs for direct material and direct labor for its product Deluxe. In 2020, ALBA estimated the following standard costs per output unit of Deluxe: Budgeted quantity for Direct materials 1.5 Kilograms Budgeted price for Direct materials $7.25 per Kg Budgeted hours for Direct labor 0.25 hours Budgeted price for Direct labor $14.00 per hour. During September, ALBA produced and sold 1,200 units of Standard. The company purchased and used 1,875 Kilograms of direct materials at an actual cost of $7 per Kg. Actual direct labor hours used were 280 hours at an actual cost of $14.25 per hour. Direct labor price variance is: $70 favorable $70 unfavorable $210 favorable $210 unfavorable QUESTION 11 ALBA company developed standard costs for direct material and direct labor for its product Deluxe. In 2020, ALBA estimated the following standard costs per output unit of Deluxe: Budgeted quantity for Direct materials 1.5 Kilograms Budgeted price for Direct materials $7.25 per Kg Budgeted hours for Direct labor 0.25 hours Budgeted price for Direct labor $14.00 per hour. During September, ALBA produced and sold 1,200 units of Standard. The company purchased and used 1,875 Kilograms of direct materials at an actual cost of $7 per Kg. Actual direct labor hours used were 280 hours at an actual cost of $14.25 per hour. Direct labor price variance is: $70 favorable $70 unfavorable $210 favorable $210 unfavorable
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