Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 9 1 Point ALBA company developed standard costs for direct material and direct labor for its product, Standard. In 2020, ALBA estimated the
Question 9 1 Point ALBA company developed standard costs for direct material and direct labor for its product, Standard. In 2020, ALBA estimated the following standard costs per unit: 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 flexible-budget variance is: A $210 unfavorable B $210 favorable $280 unfavorable $280 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started