Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Swamp Rat Pizza has the following cost standards for a large pizza crust Direct materials = 1.50 pounds per unit @ $2.25 per pound Direct

Swamp Rat Pizza has the following cost standards for a large pizza crust Direct materials = 1.50 pounds per unit @ $2.25 per pound Direct labor = 0.75 hours per unit @ $8 per hour Actual production and costs were as follows: Units produced = 8,500 Direct materials used = 13,000 lbs. Direct materials purchased = 15,000 lbs. @ a cost of $36,750 Direct labor incurred = 6,200 hours at a cost of $51,150. The material efficiency variance was: ?

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

Accounting And Auditing Research Tools And Strategies

Authors: Thomas Weirich, Thomas C. Pearson, Alan Reinstein

6th Edition

032430224X, 9780324302240

More Books

Students also viewed these Accounting questions

Question

Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago