Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 (2*5 - 10 Marks) The following data for the telephone company pertain to the production of 450 rolls of telephone wire during June.

image text in transcribed
Question 3 (2*5 - 10 Marks) The following data for the telephone company pertain to the production of 450 rolls of telephone wire during June. Selected items are omitted because the costing records were lost in a windstorm. Direct Materials (All materials purchased were used.) Standard cost per roll: a pounds at $4.00 per pound. Total actual cost: b_pounds costing $9,600. Standard cost allowed for units produced was $9,000. Materials price variance: C. Materials efficiency variance was $80 unfavorable. Direct Manufacturing Labor Standard cost is 3 hours per roll at $8.00 per hour. Actual cost per hour was $8.25. Total actual cost: d. Labor price variance: Labor efficiency variance was $400 unfavorable. Required: Compute the missing elements in the report represented by the lettered items

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Maintenance Audits Handbook A Performance Measurement Framework

Authors: Diego Galar Pascual, Uday Kumar

1st Edition

1466583916, 978-1466583917

More Books

Students also viewed these Accounting questions

Question

Language in Context?

Answered: 1 week ago