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Question LUX Company makes lamps, for which the following standards have been developed: Direct Costs Standard Inputs Expected for Each Unit of Output Standard Price
Question LUX Company makes lamps, for which the following standards have been developed: Direct Costs Standard Inputs Expected for Each Unit of Output Standard Price Expected per Unit of Output Direct materials 3 kilograms $35 per kilogram Direct labour 2 hours $16 per hour During March, production of 210 lamps was expected, but 200 lamps were completed. Direct materials purchased and used were 620 kilograms at an actual price of $36 per kilogram. Direct labour cost for the month was $8,500, and the actual pay per hour was $17. Compute the direct- material price variance for March. (4 marks) Compute the direct-material quantity variance for the month of March. (4 marks) What is total direct material variance
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