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The budget calls for 9,000 units of Direct Materials at $15 per unit. Direct Labor is 45 minutes each totaling $81,000. Actual production was 8,500
The budget calls for 9,000 units of Direct Materials at $15 per unit. Direct Labor is 45 minutes each totaling $81,000. Actual production was 8,500 units. Actual Direct Materials cost was $127,500 and Direct Labor cost was $77,775. The standard of 45 minutes per unit was achieved for the whole month. Compute the following: direct material price, direct materials quantity/efficiency, direct labor rate/price, direct labor efficiency.
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