Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show all work 10) The Quinn Company makes tables for which the following standards have been developed: Standard Price Expected $4 per pound 10) Standard

image text in transcribedShow all work
10) The Quinn Company makes tables for which the following standards have been developed: Standard Price Expected $4 per pound 10) Standard Inputs Expected For Each Unit of Output 10 pounds 3 hours Direct Materials Direct Labor $16 per hour Production of 200 tables was expected in June, but 220 tables were actually completed. Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound. Direct labor cost for the month was $10,620, and the actual pay per hour was $18.00. What is the direct labor quantity variance for the month of June? A) $1,260 Favorable C) $1,260 Unfavorable B) $1,120 Favorable D) $1,120 Unfavorable

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

Step: 3

blur-text-image

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

Auditing A Practical Approach

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

3rd Canadian edition

1-119-40285-5, 111940276X, 978-1119566007

More Books

Students also viewed these Accounting questions

Question

What is the use of bootstrap program?

Answered: 1 week ago

Question

What is a process and process table?

Answered: 1 week ago

Question

What is Industrial Economics and Theory of Firm?

Answered: 1 week ago