Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the following standard costs for one of their

image text in transcribed
Sawyer Industries Inc. (SII), developed standard costs for direct material and direct labour. In 2013, SII estimated the following standard costs for one of their major products, the 30-litre heavy-duty plastic container. Direct materials Quantity \\( =0.20 \\) kilograms, Price \\( =\\$ 25 \\) per kilogram. Direct labour Quantity \\( =0.10 \\) hours, Price \\( =\\$ 15 \\) per hour. During July, SII produced and sold 10,000 containers using 2,200 kilograms of direct materials at an average actual cost per kilogram of \\( \\$ 24 \\) and 1,050 direct manufacturing labour hours at an average actual wage of \\( \\$ 14.75 \\) per hour. July's direct material efficiency variance is? Select one: a. \\( \\$ 4,800 \\) unfavourable. b. \\( \\$ 4,800 \\) favourable. c. \\( \\$ 2,200 \\) favourable. d. \\( \\$ 5,000 \\) unfavourable. e. \\( \\$ 5,000 \\) favourable

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

Research Methods And Audit In General Practice

Authors: David Armstrong, John Grace

1st Edition

0192624547, 978-0192624543

More Books

Students also viewed these Accounting questions

Question

Name three companies not mentioned in the text that produce jobs.

Answered: 1 week ago

Question

6. When should you use numbered lists? Bulleted lists?

Answered: 1 week ago

Question

2. How should this be dealt with by the organisation?

Answered: 1 week ago

Question

explain what is meant by the term fair dismissal

Answered: 1 week ago